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By Maria José Romero The International Finance Corporation (IFC), the largest global development institution focused exclusively on the private sector in developing countries, “knows very little about potential environmental or social impacts of its ...

Bias to report: World Bank releases new Global Financial Development tome

Alex Marriage

04 Oct 2012 16:12:38

By Jesse Griffiths Normally, I enjoy reading flagship annual reports from august international institutions; they can provide useful overviews and normally have one or two nuggets. The World Bank’s new Global Financial Development Report 2013, however, left me hoping they don’t issue any more of these. Not just because we already have enough flagships – even for a report junky like me.  It’s worth quoting from the comprehensive study of World Bank research undertaken by a team of (self-styled) ‘academic superstars’ led by Princeton Professor Angus Deaton: “The large number of flagship reports makes it virtually impossible for [World Bank] management to exert sufficient quality control precisely where it is most needed.” “We believe that the Bank produces too many of these ...
By Diana Hulova, Large amounts of money are needed to address the impacts of climate change. If we succeed in limiting global warming to 2°C, this will still require as much as USD 275 billon. A new report released by Eurodad calls into question the ...

PRESS RELEASE: Cashing in on climate change? New report lifts the lid on how rich nations use financial intermediaries to dodge climate change commitments to world’s poor

BRUSSELS, 19 April, 2012: A new Eurodad report reveals how rich nations are using a complex web of private funds and financial intermediaries to wiggle out of pledges to provide $100 billion a year to help developing countries cope with the devastating effects of climate change. “Overreliance on the private sector could spell disaster for the world’s poorest,” said Javier Pereira, who authored the report for Eurodad, the European Network on Debt and Development. “Leveraging money through ...