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The World Bank's climate mission: new risks on the horizon?
November 2024
Since incorporating climate action into its mission, the World Bank faces new challenges balancing climate goals with human rights and accountability. In this month’s newsletter, we examine how the Bank is implementing its new mission and look at recent complaints to its accountability mechanisms, revealing emerging risks facing climate projects: adaptation projects can inadvertently increase community vulnerability, the shift toward Development Policy Financing (DPF) may weaken accountability, and greenwashing concerns are rising.
Research: The World Bank’s climate mission: new risks on the horizon?
By Avalon Bauman — Nov. 12, 2024
Accountability Spotlight
Noteworthy updates on Bank and IAM policy and practice
Stakeholder Engagement on ADB-WB Proposed Full Mutual Reliance Framework
The Asian Development Bank and World Bank Group are soliciting comments through 7 November on a proposed mutual reliance framework, which would have significant implications for the banks’ IAMs.