The Maryknoll Office for Global Concerns joined the Global Catholic Climate Movement’s Season of Creation prayer and action program for the month of September, which included supporting the Big Shift Global campaign to call on the World Bank to move projects away from fossil fuels and toward renewable energy.
International financial institutions
Chloe Schwabe, Faith-Economy-Ecology program director, reports from the 2015 Annual Meetings of the World Bank Group and the IMF in Peru.
The essential role of infrastructure is being rediscovered worldwide as a key component of a comprehensive development strategy. However, in order to be sustainable and deliver real benefits to the communities and the environment directly affected, infrastructure projects need good governance, meaningful civil society participation, and real accountability.
“Evicted and Abandoned: The World Bank’s Broken Promise to the Poor” is a global investigation that reveals how the World Bank has regularly failed to follow its own rules for protecting vulnerable populations.
The World Bank is currently undergoing a review and overhaul of its safeguards policies with the intent to update and strengthen them.