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The IFC and MIGA are updating the environmental and social safeguards intended to prevent their investments and development projects from harming people or the planet. With the framework’s first draft expected soon, civil society is calling for stronger protections. 🧵

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Recourse @re-course.org · 29/09/2026

📢 OUT NOW | AIIB OBSERVER VOL. 4 Critical perspectives on the Asian Infrastructure Investment Bank's projects and influence across Asia — hydropower, waste-to-energy, digital finance, and fossil infrastructure. A key read as the #AIIBAnnualMeeting wraps up today. 📖 forum-adb.org/specialpubli...

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Recourse @re-course.org · 29/09/2026

AIIB's first climate policy loan in Latin America, VERDES Brazil, raises traceability and financialisation concerns, says expert Julia Gerlo. For better outcomes, the bank must ensure reforms protect climate, social priorities and fiscal space. Read more: re-course.org/newsupdates/... #AIIB

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Recourse @re-course.org · 25/09/2026

Electrification can drive the energy transition – but how it is powered matters. Following @iea.org's report on #electrification and the #35by35 agenda, we are calling for an approach based on sustainable renewables, not nuclear or fossil lock-in. ⚡ Read more: climatenetwork.org/2026/09/22/i...

Alt text: Quote card featuring Rajneesh Bhuee, Just Transition Lead at Recourse, alongside her portrait. The quote reads: “35 by 35 only has climate credibility if it is powered by sustainable renewables. Paris alignment means avoiding new fossil fuel lock-in and directing public finance towards the grids, storage, efficiency and sustainable renewable energy systems needed to electrify at scale.”

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Accountability Counsel @accountcounsel.bsky.social · 21/09/2026

A recent evaluation of IFC's Sustainability Framework found that cases to the CAO were the primary driver of environmental and social learning at the institution. This finding shows how important it is for the World Bank Group have an accessible and effective Independent Accountability Mechanism:

accountabilitycounsel.org

AC | Independent Evaluation Affirms Importance of Strong Accountability at the World Bank Group

Accountability Counsel is creating a world where people and our planet are prioritized over profits

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CEE Bankwatch Network @ceebankwatch.bsky.social · 22/09/2026

1/4 The World Bank is increasing financing for fossil gas in the Western Balkans. But this would take the region in the wrong direction. That’s why 14 organisations have written to the Bank’s Board today. bankwatch.org/public...

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Coastal Livelihood and Environmental Action Network (CLEAN) @cleanbd.bsky.social · 23/09/2026

Billions for climate action, but where does the money go, and can affected communities hold AIIB accountable? Read the analysis: re-course.org/newsupdates/... @re-course.org @cleanbd.bsky.social

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Recourse @re-course.org · 23/09/2026

The #AIIB says its Climate-Focused Policy-Based Financing (CPBF) will help countries meet their climate goals. With $6.4bn already lent and up to another $9.6 in the pipeline, is it delivering meaningful #ClimateFinance? Our findings in thread 🧵

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Recourse @re-course.org · 21/09/2026

In 2021, the Asian Infrastructure Investment Bank (AIIB) launched its first investment in infrastructure asset-backed securities (IABS), intended to support “low-carbon and climate-resilient” infrastructure projects. 5 years later, are these instruments helping the renewable energy transition? 🧵

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Sunil Acharya @sunilnpl.bsky.social · 20/09/2026

In my opinion piece for Al Jazeera, I argue why the conversation on compensation and liability for Loss and Damage, ruled out by wealthy countries in the Paris climate deal a decade ago, can no longer be postponed. Read here: www.aljazeera.com/opinions/202... #Reparations #LossandDamage

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Bretton Woods Project @brettonwoodsproject.org · 17/09/2026

#News Lens: @re-course.org's new report finds that while IMF programmes focus on fiscal adjustment and austerity and push extractive sectors, for debt repayment, there is a fundamental contradiction with the IMF’s claim that climate is macro-critical re-course.org/newsupdates/...

re-course.org

Home - Recourse

Recourse targets international finance institutions and works with communities affected by their funding. Learn more about our work.

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Recourse @re-course.org · 17/09/2026

This week, the IMF Board concluded its Review of Program Design and Conditionality (RoC) without integrating climate into its approach. Our new report asks: What happens next? Does IMF lending help countries reduce climate vulnerability, or only reproduce carbon-intensive development pathways?

Square promotional graphic on a turquoise and white background announcing a new report. Large white text reads: The IMF’s climate turn is not changing how it lends. Below, smaller text reads: New research reveals how IMF programmes reinforce extractive dependence and constrain climate-resilient development. On the right is a tilted image of the report cover, showing two people watching tall flames and black smoke rising from an industrial gas flare. The report title reads: The IMF’s climate turn: Lending, debt, and extractivism. A blue button at the lower left reads: Read our latest report, followed by a white arrow. Logos along the bottom represent Recourse, CORAP, Observatorio de la Dolarización, Alternative Law Collective, MENAFem, Eurodad and Christian Aid.

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Recourse @re-course.org · 16/09/2026

Happening tomorrow 🌍 Can IMF lending reduce climate vulnerability while constraining public investment and reinforcing extractive dependence? Join the launch of our new report and a discussion on what must change. Register: tinyurl.com/IMFlending @menafem.bsky.social @latindadd.bsky.social

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Recourse @re-course.org · 15/09/2026

Accountability is not inefficient. Restricting communities’ ability to spotlight harm is counterproductive for sustainable development. Great @accountcounsel.bsky.social op ed unpacking the false choice between efficiency and accountability at the World Bank: triplepundit.com/2026/world-b...

triplepundit.com

TriplePundit • Opinion: At the World Bank, “Efficiency” is Code for “Weak Accountability”

Opinion: At the World Bank, “Efficiency” is Code for “Weak Accountability”

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Recourse @re-course.org · 14/09/2026

Just 3 days to go 🌍 Join us on 17 September to explore how IMF lending shapes climate policy, debt and extractive dependence across Tanzania, DRC, Ecuador, Pakistan and Egypt. Register through the link below 👇 @latindadd.bsky.social @menafem.bsky.social

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Recourse @re-course.org · 14/09/2026

IMF Board meets today to vote on its approach to programme design and conditionalities. A timely new Oxfam report warns against the proposal for "frontloaded fiscal adjustment", i.e. austerity first approaches. Read more in press release: oxf.am/IMFausterity @oxfaminternational.bsky.social

oxf.am

IMF-required austerity cuts quadrupled over past decade, and new Fund policy is poised to push for even deeper and harsher cuts | Oxfam International

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Bretton Woods Project @brettonwoodsproject.org · 11/09/2026

Today, together with 130 CSOs globally, we are calling on the IMF's board to avoid a return to frontloading #austerity in IMF programmes as they meet to discuss the outcome of the Review of Programme Design and Conditionality, on Monday 🔗 www.brettonwoodsproject.org/2026/09/glob...

brettonwoodsproject.org

Global civil society warns IMF against a return to deeper austerity

Over 130 civil society organisations warn against a return to frontloading austerity in IMF programmes.

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Recourse @re-course.org · 11/09/2026

📢 We are hiring: Finance Officer (UK-based) Join Recourse and support our finance, grant accounting, payroll, HR and internal systems. Full-time, one-year contract (extendable). Applicants must live and have the right to work in the UK. Apply by 15 September: re-course.org/jobs-at-reco...

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Recourse @re-course.org · 11/09/2026

One week to go 🌍 On 17 Sep, join us for a discussion on how IMF lending can shape climate policy, debt and extractive dependence – drawing on research and experiences from Tanzania, DRC, Ecuador, Pakistan and Egypt. Register 🔗 tinyurl.com/IMFlending

Promotional graphic for Recourse’s free webinar, “The IMF’s Climate Turn: Lending, Debt and Extractive Dependence.” The webinar will launch Recourse’s latest report and explore climate and extractivism in IMF lending, alongside advocacy opportunities in ongoing reforms of IMF conditionality and debt sustainability frameworks.

The event takes place on Thursday, 17 September, at 7am Mexico, 9am EDT, 3pm CEST, 4pm EAT and 6:30pm IST.

Six speakers are pictured: report authors Alexandros Kentikelenis and Thomas Stubbs; Haneen Shaheen from MENAFem Movement; Daniele Berdeja from Latindadd; Emmanuel Musuyu from CORAP; and moderator Shehrzade Moeed from Alternative Law Collective.

Logos for Recourse, Alternative Law Collective, MENAFem Movement and Latindadd appear along the bottom. The graphic notes that registration is available through the link in the post.

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Recourse @re-course.org · 03/09/2026

ADB and AIIB were warned about climate risks at Nepal’s Upper Trishuli-1 hydropower project, yet key assessments were still not carried out. As Recourse’s @sunilnpl.bsky.social tells @scroll.in: “There is a clear lapse of their own accountability duties.” Banks must be held accountable.

scroll.in

Flood risks to Nepal hydropower project were known – but banks ignored them

Over 70 Indian workers have been rescued from the Upper Trishuli-1 project. Many are still missing.

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Recourse @re-course.org · 03/09/2026

How is the IMF’s climate turn shaping debt & extractive dependence? Join our next IMF & Climate Change webinar as we launch a new report & explore advocacy openings in ongoing IMF reforms. 📅 17 Sep ⏰ 7am MX / 9am EDT / 3pm CEST 🔗 tinyurl.com/IMFlending 🗣️ @menafem.bsky.social @latindadd.bsky.social

Promotional graphic for a free webinar titled “The IMF’s Climate Turn: Lending, Debt and Extractive Dependence.” The webinar will launch Recourse’s latest report and discuss climate and extractivism in IMF lending, as well as advocacy opportunities around reforms to conditionality and debt sustainability frameworks. It takes place on Thursday, 17 September, at 7am Mexico, 9am EDT, 3pm CEST, 4pm EAT and 6:30pm IST. Five speakers are pictured: report authors Alexandros Kentikelenis and Thomas Stubbs; Haneen Shaheen from MENAFem Movement; Daniele Berdeja from Latindadd; and moderator Shehrzadae Moeed from Alternative Law Collective. Logos for Recourse, Alternative Law Collective, MENAFem and Latindadd appear along the bottom. The graphic uses a pale green background with dark blue and green design elements and notes that registration is available via the link in the post.

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Recourse @re-course.org · 02/09/2026

The AIIB's investments in Infrastructure Asset-Backed Securities (IABS) are touted as "innovative" and "sustainable" by the multilateral lender. What are these financing mechanisms? Are they truly moving towards "green" energy? Our analysis tells a less rosy story 🧵 re-course.org/newsupdates/...

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Accountability Counsel @accountcounsel.bsky.social · 31/08/2026

The WBG Board has committed to the principle of non-regression and anything weaker than CAO’s policy provisions will be a clear violation of the Board’s commitment and will greatly disadvantage communities harmed by WBG projects.

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Accountability Counsel @accountcounsel.bsky.social · 28/08/2026

On day five of our discussion on the World Bank Group’s new IAM policy, we are discussing recommendations for ensuring that the IAM’s key functions — dispute resolution, compliance review, and advisory — effectively address communities’ concerns and facilitate remedy and institutional change.

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Accountability Counsel @accountcounsel.bsky.social · 27/08/2026

It’s day four! Today, we are discussing how the new World Bank Group independent accountability mechanism should respect complainants’ choices in the process.

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Accountability Counsel @accountcounsel.bsky.social · 26/08/2026

Today is day three of our discussion on how to ensure that the World Bank Group’s new accountability mechanism is community centered. Today’s topic: Ensuring communities can access the complaint process in the first place.

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Recourse @re-course.org · 26/08/2026

We’re hiring a Finance Officer to support finance, grants, payroll, HR and operations for our global team. • UK-based, remote, with monthly meetings in Oxford • You must live and have the right to work in the UK • Full-time Apply by 15 September (COB) Details 👉️ www.re-course.org/jobs-at-reco...

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Witness Radio @witnessradio.bsky.social · 26/08/2026

As the World Bank develops a new independent accountability mechanism, communities affected by its projects need strong protections and access to meaningful remedy when harm occurs. Witness Radio supports a strong remedy mandate for the new IAM. @accountcounsel.bsky.social

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Recourse @re-course.org · 26/08/2026

The World Bank Group is merging its three independent accountability mechanisms (IAMs) into one new office this year. For this new office to be effective and deliver remedy, it must have a strong policy foundation. Recommendations by Recourse, @accountcounsel.bsky.social, and other expert orgs ⤵️

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Accountability Counsel @accountcounsel.bsky.social · 25/08/2026

We are on day two of our discussion on what the World Bank Group’s new independent accountability mechanism needs to effectively address harms that hurt communities and undermine sustainable development. Today, we are spotlighting the importance of how the new IAM’s leadership is selected.

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Accountability Counsel @accountcounsel.bsky.social · 24/08/2026

. The WBG Board has committed to non-regression as it develops the new framework. Over the next five days we will highlight key building blocks for a strong accountability mechanism and why it matters for the communities that will use it. First up: the IAM must have a remedy mandate.

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Accountability Counsel @accountcounsel.bsky.social · 24/08/2026

The World Bank Group is merging its three independent accountability mechanisms (IAMs) into one new office. For this new IAM to be effective & deliver remedy, it must have a strong policy foundation. That means starting with the strongest policies of the existing IAMs.

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Recourse @re-course.org · 10/08/2026

#RekoDiq mine – a recipe for disaster funded by public money? Multilateral development banks are pouring hundreds of millions of dollars into the Reko Diq mining project in Balochistan, Pakistan, despite awareness of the huge social and environmental risks it poses.

It's time to ask development banks: why invest in a project that is so clearly a recipe for disaster? It’s time to rethink Reko Diq. #RethinkRekoDiq

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Coalition for Human Rights in Development @rightsindevt.bsky.social · 28/07/2026

Investing in a large-scale mining project in one of the world's most militarized areas, where people risk being disappeared if they speak out, is a recipe for disaster. Yet, the @eib.org is considering funding the #RekoDiq mine in #Balochistan, Pakistan. 👇Join us & call on #EIB not to fund RekoDiq!

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European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 28/07/2026

The real impact of #SriLanka’s debt crisis is felt in the lives of women. One of the #IMF's deepest austerity programmes has gutted the country’s social safety net, leaving women like Edna unable to pay for medical bills following a workplace accident. 📽️ www.eurodad.org/debt_story_g...

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Recourse @re-course.org · 27/07/2026

The #RekoDiq mine in Balochistan is framed as a “sustainable development” project by its financiers. But Indigenous Baloch communities, who have lived and depended on the land for generations, were not properly consulted about it. When communities are excluded, “development” becomes dispossession.

It's time to ask development banks: how can a project respect Indigenous People's rights, if it denies their existence? It’s time to rethink Reko Diq.

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Recourse @re-course.org · 24/07/2026

MDBs claim record #ClimateFinance figures yet again, but questions remain over its quality and impact. “Bigger numbers alone will not deliver climate justice or build resilience where it is urgently," explains Mariana Paoli @oxfaminternational.bsky.social 🗞️ www.eco-business.com/news/mdbs-hi...

eco-business.com

MDBs hit record $163bn in climate finance, but advocates question support for poorest countries

But civil society groups argued that the bigger totals do not automatically translate into support for adaptation, resilience, loss and damage that developing countries need.

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Recourse @re-course.org · 23/07/2026

How can the IFC ensure a more socially and environmentally responsible approach to indirect finance? As the bank reviews its safeguards policy, it has a chance to raise the standards of its investments in financial intermediaries. Our recommendations: ifc-exposed.org/recommendati... #IFCexposed

Landscape card with a red background and white box containing black text that says "Will the IFC raise the bar on environmental and social protections in its financial intermediary investments? Visit ifc-exposed.org to find out more"

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Coalition for Human Rights in Development @rightsindevt.bsky.social · 22/07/2026

The Reko Diq mine in #Balochistan (#Pakistan) is promoted as a critical project for clean energy supply chains but in a militarised region, who truly benefits? 🔴 Development banks backing this project are funding human rights violations. Join us & call on banks to #RethinkRekoDiq 👉 bit.ly/RekoDiq

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Coalition for Human Rights in Development @rightsindevt.bsky.social · 20/07/2026

Indigenous Baloch people face violent state repression & devastating impacts from the Reko Diq gold + copper mine in #Balochistan #Pakistan Under the slogan of "sustainability" development banks pour billions into this project Join our campaign: call on banks to #RethinkRekoDiq 👉 bit.ly/RekoDiq

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Recourse @re-course.org · 20/07/2026

The IEO report falls short of its own findings on austerity, climate policy and fossil fuel expansion under IMF programmes. Recourse is featured in the latest issue of the Bretton Woods Observer by @brettonwoodsproject.org. 📖 Read the latest issue: www.brettonwoodsproject.org/publications...

Graphic promoting Recourse's contribution to the latest issue of the Bretton Woods Observer. Against a teal background with a blurred collage of protest imagery, a large quote reads: "The IEO report falls short of its own findings on the contradictions between austerity, climate policy and fossil fuel expansion under IMF programmes." The quote is attributed to Federico Sibaja, Fair International Financial System Lead at Recourse. A portrait of Sibaja appears in the bottom right, alongside the Bretton Woods Observer cover and text stating, "Featured in the latest issue of Bretton Woods Observer."

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Recourse @re-course.org · 17/07/2026

IMF policy should be guided by rigorous evidence rather than the political interests of its most influential member countries. Recourse is featured in the latest issue of the Bretton Woods Observer by @brettonwoodsproject.org. 📖 Read the latest issue: www.brettonwoodsproject.org/publications...

Graphic promoting Recourse's contribution to the latest issue of the Bretton Woods Observer. Against a teal background with a blurred IMF meeting, a large quote reads: "The next Chief Economist must ensure IMF policy is guided by rigorous evidence rather than the political interests of its most influential member countries." The quote is attributed to Federico Sibaja, Fair International Financial System Lead at Recourse. A portrait of Sibaja appears in the bottom right, alongside the Bretton Woods Observer cover and text stating, "Featured in the latest issue of Bretton Woods Observer."

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Bretton Woods Project @brettonwoodsproject.org · 15/07/2026

📢 The Summer 2026 Bretton Woods Observer is out Explore analysis of the World Bank & IMF's response to global economic shocks, the future of the Bank's climate agenda, sovereign debt reform through the Borrowers' Platform, critical minerals, accountability & more. 🔗 tinyurl.com/ObserverSumm...

tinyurl.com

Summer 2026

This issue features the BWIs response to conflict and debt, the extension of the World Bank’s Climate Change Action Plan and the merger of its accountability mechanism, the emergence of the Borrowers’...

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Recourse @re-course.org · 14/07/2026

Accountability in crisis at the World Bank Group? The Bank's Board recently overruled its own independent accountability mechanism (CAO), in an unprecedented move which allowed its private sector arm (IFC) to dodge accountability for the microfinance debt crisis it has contributed to in Cambodia. 🧵

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Devex @devex.com · 30/06/2026

Janine Ferretti's resignation follows a controversial ruling that civil society fears reflects a dark future for the bank's accountability commitments.

devex.com

Watchdog head resigns after World Bank board rejects microfinance finding

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Recourse @re-course.org · 13/07/2026

The Reko Diq gold and copper mine in #Balochistan (#Pakistan) is a recipe for disaster. How can development banks @adb.org and IFC even consider backing it? This month we’ll highlight the risks and concerns as we call on the banks to #RethinkRekoDiq: bit.ly/RekoDiq @rightsindevt.bsky.social

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Recourse @re-course.org · 09/07/2026

The UN has called for human rights to be centred in mineral value chains The IFC, a major mining financier, must overhaul its standards to protect affected people in the race for minerals Natalie Bugalski @inclusivedevt.bsky.social explains the stakes: ifc-exposed.org/ifc-standard... #IFCexposed

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Recourse @re-course.org · 08/07/2026

#IFCexposed 🔍️ How can the IFC close policy gaps on reprisals in its Sustainability Framework review? The bank has made progress, but gaps remain that leave communities in fear of reprisal if they speak out. Katelyn Gallagher of @bankinfocenter.bsky.social explains: ifc-exposed.org/how-can-the-...

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