TWN Info Service on Finance and Development (Apr08/05)
Dear friends and colleagues,
World Bank will be holding a key two-day meeting in
Please find links to the following documents:
Link 1 is the latest critique of the World Bank’s proposals dated 3 April 2008.
Link 2 is a detailed analysis and critique of the World Bank’s proposed initiatives, based on earlier drafts of the Bank’s proposals.
Link 3 is a report of criticisms of the World Bank’s proposed initiatives by developing country Parties to the UN Framework Convention on Climate Change (UNFCCC) at last week’s Climate Change Talks in Bangkok.
4 is an NGO letter to Governments and the World Bank, endorsed by 31
NGOs at last week’s Climate Change Talks in
World Bank’s proposal threatens to undermine the current work under
the UNFCCC on long-term cooperative action that was launched in
developing countries in the UNFCCC are calling for urgent implementation
of developed countries’ existing commitments on finance and technology
transfer. They would like to have the funds channelled through the multilateral
UNFCCC process, where the design and governance of the funds can be
fairly and representatively decided upon by all the Parties. An example
of such an alternative is the Multilateral Fund for the Implementation
The World Bank’s proposed initiatives will be providing loans as well as grants. This means that developing countries will have to pay for dealing with a problem that has been caused by developed countries. Developed countries have obligations under the UNFCCC to provide “new and additional” funding, and this must be in addition to ODA. There is also the potential for conditionalities to be imposed which would run counter to the decision under the UNFCCC that this “should not impose new forms of conditionalities”.
We hope you find this information and documents useful. Developed country governments should be urged not to channel their funds through the World Bank, but instead, through the UNFCCC. Putting financial resources under the World Bank could be seen as yet another indication of the lack of political will by developed countries to implement their commitments on the provision on financial resources under the UNFCCC.