Over 55 development, faith, human rights, community, and environmental groups from more than 20 countries teamed up today to ask World Bank President Jim Kim to end Bank support for all fossil fuel projects unless the projects are solely focused on directly increasing energy access for the poor.
Posts Tagged ‘World Bank’
A term that usually refers to the International Bank for Reconstruction and Development (IBRD), one of five institutions that make up the World Bank Group. See IBRD.
The World Bank’s latest report on climate change, “Turn Down the Heat,” warns that the planet is on track for a four-degree Celsius temperature rise by 2100. Like many scientists, the bank fears that such an increase would be incompatible with civilization as we know it. At the very least, rapid global warming—and the […]
A generic term to describe all multilateral financial institutions. These include the World Bank and International Finance Corporation, as well as regional development banks such as the Asian Development Bank. The definition is also often extended to include bilateral financial institutions, such as the members of the International Development Finance Club.
The private sector arm of the World Bank Group. It provides loans, equity, and risk guarantees for private sector projects. Around 40 per cent of IFC investments are channeled through financial intermediaries. The vast majority of IFC funding is raised through issuing bonds on international capital markets. As of 2012, this includes a green bonds […]