Eye on the IFIs

Changes to World Bank Safeguards Risk “Race to the Bottom”, U.N. Experts Warn

An unprecedented number of United Nations special rapporteurs and independent experts are raising pointed concerns over the World Bank’s ongoing review of its pioneering environmental and social safeguards, particularly around the role that human rights will play in these revamped policies.

World Bank Calls for Development Policy “Redesign” around Human Behaviour

The World Bank has taken an unusual but highly visible step away from traditional economics, encouraging policymakers and development implementers to place far more emphasis on research into local human behaviour when drawing up plans and projects.

OPINION: The Decline of Social Europe is Part of a World Trend

After the Italian sea search-and-rescue operation Mare Nostrum at a cost of nine million euros a month, through which the Italian Navy has rescued nearly 100,000 migrants – although perhaps up to 3,000 have died – from the Mediterranean since October 2013, Europe is now presenting its new face in the Mediterranean.

G20 Seeks to Streamline Private Investment in Infrastructure

Industrialised countries have agreed to collaborate on a new programme aimed at funnelling significant private-sector investment into global infrastructure projects, particularly in developing countries.

OPINION: Obstacles to Development Arising from the International System

As the international community wades into the political discussions regarding the alternatives to the Millennium Development Goals (MDGs) after 2015 and the design of the Sustainable Development Goals (SDGs) as mandated by the Rio+20 conference, it is timely to consider the question of whether development is a matter mostly of individual effort on the part of nation-states or whether there are elements in the international economic system that could serve as significant obstacles to national development efforts.

OPINION: Global Governance – We Need to Bring Civil Society to the Table

A poorly understood phenomenon is quietly but effectively shaping the daily lives of all citizens sharing this planet.

Global South Brings United Front to Green Climate Fund

The United Nations’ key mechanism for funding climate change-related mitigation and adaptation in developing countries is now ready to receive funds, following a series of agreements between rich and poor economies.

World Bank Pushes Private Sector for Major Investments in Infrastructure

The World Bank has initiated a major call to action for private sector investors around infrastructure projects in developing countries.

World Bank Reports Major Global Support for Carbon Pricing

Seventy-three countries and 22 lower-level governments offered formal support Monday for a global price on carbon dioxide emissions, including China, Russia and the European Union.

Environmental Funding Bypasses Indigenous Communities

When she talks about the forests in her native Kalimantan, the Indonesian part of the island of Borneo, Maridiana Deren’s facial expression changes. The calm, almost shy person is transformed into an emotionally charged woman, her fists clench and she stares wide-eyed at whoever is listening to her.

World Bank Tribunal Weighs Final Arguments in El Salvador Mining Dispute

A multilateral arbitration panel here began final hearings Monday in a contentious and long-running dispute between an international mining company and the government of El Salvador.

OPINION: Africans’ Land Rights at Risk as New Agricultural Trend Sweeps Continent

Agriculture in Africa is in urgent need of investment. Nearly 550 million people there are dependent on agriculture for their livelihoods, while half of the total population on the continent live in rural areas.

World Bank Urged to Rethink Reforms to Business-Friendliness Report

Civil society groups from several continents are stepping up a campaign urging the World Bank to strengthen a series of changes currently being made to a major annual report on countries’ business-friendliness.

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt.

IFC Warned of Systemic Safeguards Failures in Honduras

For the second time this year, an internal auditor has criticised the World Bank’s private sector investment agency over dealings in Honduras, and is warning that similar problems are likely being experienced elsewhere.

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