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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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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

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

Many of those subprojects have documented links to social & environmental harms, e.g. Bhola-2 power plant in Bangladesh, linked with landgrabbing, coercion, flooding, health problems and livelihood losses. Yet, affected communities are still denied access to the AIIB's complaint mechanism.

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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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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

US pressure is pushing the IMF away from climate. But ignoring a risk that affects debt, exports, fiscal stability or future BOP needs is not a return to the Fund’s mandate – it is incomplete macroeconomic analysis. Countries go to the IMF to reduce vulnerability, not to see it increased.

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Recourse @re-course.org · 17/09/2026

👀 Eyes are now on programme design guidance, due in the next 6 months. Where climate risks are macro-critical and relevant to programme objectives, staff should show how they changed fiscal sequencing, debt analysis, external assumptions, major extractive project assessments and conditionality.

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Recourse @re-course.org · 17/09/2026

Finding 5: The Resilience and Sustainability Facility has increased climate attention, but has not resolved contradictions with conventional IMF lending. The core adjustment path still reproduces extractive dependence and tight fiscal space, and RSF and UCT have contradicting objectives.

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Recourse @re-course.org · 17/09/2026

Finding 4: Climate conditionality is more common where climate reforms also deliver fiscal savings, export revenues or private investment. It is thinner where action requires public investment, limits on extraction or direct protection of ecosystems and communities.

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Recourse @re-course.org · 17/09/2026

Finding 3: The RoC’s renewed focus on credible/frontloaded austerity makes capital spending a key risk. Ecuador targets a huge fiscal adjustment, equivalent to nearly $9 billion; Egypt caps public investment at 6% of GDP; Pakistan’s debt service + interest absorb close to half of gov spending.

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Recourse @re-course.org · 17/09/2026

Finding 2: External adjustment still relies heavily on extractive sectors. Oil, gas and mining remain embedded in assumptions on exports, FDI, revenues and reserves – even where transition and ecological risks are recognised elsewhere in IMF analysis.

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Recourse @re-course.org · 17/09/2026

Finding 1: The IMF’s climate work has not disappeared. The IEO and our 5 country cases show climate risks continue to be analysed. The problem is whether the Fund is prepared to make its own analysis consequential for its traditional UCT programme design, not only for the climate-focused RST.

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Recourse @re-course.org · 17/09/2026

We studied Ecuador, Egypt, DRC, Tanzania and Pakistan – looking beyond explicit climate reforms to the whole programme: fiscal targets, debt, energy pricing, public investment, state-owned enterprises, exports and sectoral conditionality. The report ➡️ re-course.org/newsupdates/... The findings ⬇️

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

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

On its 10th anniversary, the AIIB is far from creating a “transformative financial architecture”, as it claims to. The AIIB’s investments in IABS provide an example of how the bank still promotes a global financial architecture that lacks transparency, is unaccountable and supports fossil fuels.

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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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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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