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The IFC's Sustainability Framework used to be a “gold standard” that other financial institutions sought to emulate, but it has fallen behind its peers. Now, it has a chance, and an imperative, to update them. 🗞️ OPINION www.sustainableviews.com/world-banks-... @sustainableviews.bsky.social

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Recourse @re-course.org · 30/09/2026

Our new briefings explain the four principles and present detailed recommendations for safeguards that genuinely protect communities and the environment. Read more here: bit.ly/IFCSF4 #IFC #WorldBank #HumanRights

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Recourse @re-course.org · 30/09/2026

These safeguards have global consequences. Beyond IFC and MIGA investments, the framework influences the ESG requirements of more than 120 commercial banks, 32 export credit agencies and other development finance institutions.

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Recourse @re-course.org · 30/09/2026

In September, 116 civil society organisations called on the World Bank Group Board to uphold four principles when reviewing the new draft framework: – Alignment with best practice and human rights norms – No regression – Better implementation – Meaningful consultation with affected communities

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Recourse @re-course.org · 30/09/2026

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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Recourse @re-course.org · 23/09/2026

Before CPBF expands further, the #AIIB must close fossil fuel loopholes, ensure its #ClimateFinance delivers meaningful outcomes, strengthen gender standards, and guarantee access to remedy as part of a genuine #JustTransition. Read the full analysis: re-course.org/newsupdates/...

Teal and white card with text and screenshot of report cover. Text reads: "The AIIB’s CPBF: Climate-Focused Policy-Based Financing. A critical review with case studies from Bangladesh and Brazil". Logos along the bottom for Recourse, NGO Forum on ADB, CLEAN, GT Infra and Latinoamérica Sustentable.

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Recourse @re-course.org · 23/09/2026

There are serious gaps on gender, rights and accountability too. Gendered risks are largely overlooked, while communities affected by #AIIB financing face major hurdles in accessing remedy. The bank’s full environmental and social standards must apply to CPBF.

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Recourse @re-course.org · 23/09/2026

Our analysis of CPBF programmes in Bangladesh and Brazil found fossil fuel loopholes and no alignment with 1.5°C pathways. Once disbursed, funds can be used for anything – while supported plans may endorse carbon capture, waste-to-energy, biofuels, and other harmful false solutions.

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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

The AIIB cannot claim to support decarbonisation or climate resilience while it helps channel finance to fossil fuels. It’s time for the bank to walk its "green" talk by closing fossil loopholes across all financing instruments. See all the data and demands here: re-course.org/newsupdates/...

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Recourse @re-course.org · 21/09/2026

The AIIB's IABS are also not getting greener over time. The share of renewable energy fluctuates at best and remains less than oil and gas with each issuance. Subprojects include large, upstream oil & gas infrastructure in Asia & Latin America — incompatible with the bank’s own energy strategy.

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Recourse @re-course.org · 21/09/2026

AIIB-backed IABS products did support renewable energy projects, but at a much lower scale than oil and gas infrastructure. Of the $4.23bn collective value of the 9 IABS products supported by AIIB between 2021 and 2025, more than 50% went to oil and gas, while only 19% went to renewable energy.

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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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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 · 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

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

As the AIIB embarks on its next decade, it must reconsider the direction it is taking. 🛑 We urge the bank to course-correct by ending support for fossil fuels across all financing instruments. Read the full analysis ahead of its Annual Meetings later this month ⤵️ re-course.org/newsupdates/...

Photo of gas plant in Bangladesh. Text overlay in white reads "Are the AIIB’s Infrastructure Asset-Backed Securities moving towards green energy?"

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Recourse @re-course.org · 02/09/2026

• More than 50% of their collective value is going to oil and gas. • In 8/9 of the products, oil and gas finance is more than twice the value of renewable energy projects. • Many of the products have documented links to social & environmental harms, yet affected communities can't access recourse.

Square graphic, white and grey background. Teal text reads "Over half the collective value of AIIB Infrastructure Asset-Backed Securities goes to oil and gas." Graphs shows this data.

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Recourse @re-course.org · 02/09/2026

The AIIB's Infrastructure Asset-Backed Securities are untransparent, unaccountable and far too fossil-friendly. Since 2021, the AIIB has supported 9 IABS products issued by big private players, Clifford Capital Asset Finance & Hong Kong Mortgage Corporation, at a collective value of $4.2 billion.

Flowchart showing the amount invested by the AIIB in Infrastructure Asset-Backed Securities from 2021 to 2025.

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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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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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Recourse @re-course.org · 26/08/2026

The new accountability mechanism should respect complainants’ choices. Its key functions — dispute resolution, compliance review, and advisory — must be able to effectively address communities’ concerns, and facilitate remedy and institutional change. Full recommendations: bit.ly/WbGaM

Screenshot of the statement of full recommendations. Can be accessed at https://bit.ly/WbGaM

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Recourse @re-course.org · 26/08/2026

The new accountability mechanism must be accessible for communities. 🗝️ The Compliance Advisor Ombudsman policy has several important measures to enable access, including its eligibility criteria, which should carry over to the new IAM. See details in the slides 👇️

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Recourse @re-course.org · 10/08/2026

Public development banks are mandated to uphold human rights, environmental safeguards, and inclusive development – all of which is impossible in the Reko Diq context. It's time to #RethinkRekoDiq bit.ly/RekoDiq

Reality. Despite their commitments, Reko Diq’s financiers are: Investing in a high-risk project in a conflict affected region, where there are widespread enforced disappearances, kidnappings and arbitrary detentions. Failing to ensure meaningful consultation and obtain Free Prior and Informed Consent from Indigenous groups. Ignoring the high risks of social and environmental harm. #RethinkRekoDiq

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Recourse @re-course.org · 10/08/2026

Which banks are involved? @IFC_org, @ADB_HQ, and US Exim Bank have already approved their loans. The EIB and Canada's EDC are reportedly appraising the project. We are urging these banks to #RethinkRekoDiq, given the huge social and environmental risks.

Promises. On paper, development banks commit to: Respect the rights of affected communities and Indigenous peoples, and protect the environment. Conduct robust due diligence and meaningful consultations. Ensure transparency, access to information and accountability. Their mandate is development, not harm. #RethinkRekoDiq

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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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Recourse @re-course.org · 27/07/2026

The #RekoDiq mine was approved by multilateral development banks, @adb.org and IFC, without consent from the local Indigenous Baloch peoples. It represents a violation of their rights, and a threat to local ecosystems and communities. We urge the banks to #RethinkRekoDiq: bit.ly/RekoDiq

The Reko Diq mine is being framed as a “development” project. But Indigenous Baloch communities, who have lived on and depended on this land for generations, were not consulted. The project is going ahead without their consent. When communities are excluded, development becomes dispossession. It’s time to rethink what inclusive and rights-based development really means. #RethinkRekoDiq

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Recourse @re-course.org · 27/07/2026

The Baloch are officially recognised by the UN as Indigenous. Yet the company behind the mine, Barrick Mining, denied this status in project documents, sidestepping the Baloch people's rights to consultation and consent. How can a project respect Indigenous rights, if it denies their existence?

Who are the Baloch? The Baloch are an Indigenous group living in a region which spans parts of Pakistan, Iran and Afghanistan. They have a distinct language, cultural identity, traditions, and customary institutions. They have strong ancestral and territorial ties to the region. The UN recognizes the Baloch as Indigenous, but project documents deny their Indigeneity. #RethinkRekoDiq

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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 · 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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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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Recourse @re-course.org · 14/07/2026

We call on the World Bank Board to: • Meet with civil society to explain the decision and how members voted • Require the IFC to make a plan for providing remedy to complainants • Ensure a transparent and inclusive leader selection process for the new WBG accountability mechanism 👆️ (More in letter)

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Recourse @re-course.org · 14/07/2026

How will the World Bank’s Board uphold the integrity of its accountability system going forward? Together with 99 organisations and individuals, Recourse has written to the Board to condemn their decision and demand an explanation. Read the letter here: bit.ly/IFC-mf #WorldBank #accountability

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Recourse @re-course.org · 14/07/2026

The decision also leaves affected communities in Cambodia stranded, without recourse to remedy. bit.ly/IFC1023 The Board has even gone a step further and ruled out all microfinance cases, while the CAO’s Director resigned in protest at the move. www.cao-ombudsman.org/news/ifc-boa...

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Recourse @re-course.org · 14/07/2026

A CAO investigation found that the IFC violated its own standards when investing in 6 banks providing microfinance in Cambodia, and this noncompliance led to predatory lending practices. By allowing the IFC to dodge responsibility for these harms, the Board has undermined the CAO's independence.

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Recourse @re-course.org · 14/07/2026

No justice for communities? Microfinance projects backed by the IFC in Cambodia were meant to foster prosperity, not fragility. Predatory lenders left borrowers with unmanageable debt, which led to livelihood loss, hunger, suicides — the subject of a case brought to the CAO by communities.

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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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Recourse @re-course.org · 13/07/2026

The banks and companies behind the Reko Diq project promote it as “sustainable” and “critical” for energy transition. But without addressing risks, consulting local people, and putting safeguards in place, the project risks doing more harm than good. It's time to #RethinkRekoDiq bit.ly/RekoDiq

Photo of someone holding a sign that says "Barrick Gold Is the East Indian Company of the 21st Century". Text underneath, white and yellow colour on a dark grey background, says "Join us and call on development banks to #RethinkRekoDiq".

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Recourse @re-course.org · 13/07/2026

Reko Diq is one of the world's largest untapped copper and gold reserves. It is located in Balochistan, a heavily militarised area where local people and Indigenous groups can't speak out. The project is run by Barrick Mining Corporation and backed by several development banks.

Background photo of a truck carrying equipment down a dusty road. Overlaid with text in black, yellow, white, red and black colours. The text says: “ What is Reko Diq? One of the world's largest untapped copper and gold reserves, located in Balochistan (Pakistan). Operated by Barrick Mining Corporation, a Canadian company linked to allegations of serious human rights abuses. Backed with public funds by several development banks: ADB, IFC, US Export-Import Bank, Germany’s UFK among others. #RethinkRekoDiq”

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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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Recourse @re-course.org · 07/07/2026

The World Bank Group's private sector arm, IFC, is currently reviewing its globally influential standards. This is a critical moment to call for stronger protections for people and the planet. Learn about IFC's impact and join the campaign: ifc-exposed.org #IFCexposed

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Recourse @re-course.org · 06/07/2026

Over the years, International Finance Corporation investments have left a troubling trail of harms and human rights abuses in their wake. The bank's safeguards have not always been strong or respected enough to protect communities. Read their stories on #IFCexposed 🔍️ ifc-exposed.org

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Recourse @re-course.org · 30/06/2026

Opaque financial intermediary lending can keep fossil fuel finance flowing despite the ADB's climate commitments. The latest #BankWatch from NGO Forum on ADB explores why greater transparency and stronger safeguards are needed. 📖 www.forum-adb.org/bankwatch

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Recourse @re-course.org · 29/06/2026

The latest #BankWatch by NGO Forum on ADB revisits Pakistan's #Jamshoro coal plant, drawing on Recourse's work to highlight why accountability for past harms must go hand in hand with a just transition. 📖 BankWatch: www.forum-adb.org/bankwatch 📄 More: www.re-course.org/news-and-upd...

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