NGO SIGN-ON to stop climate funds for World Bank
Posted on: Wednesday, June 9, 2010
MADRE has signed onto the statement below. Endorsements should be sent to firstname.lastname@example.org (the deadline for signatures is 10PM Bonn time Wednesday, June 9, 2010).
Dear President Obama:
The success of global climate negotiations – and the fight against climate change – largely depend on developed countries meeting their responsibilities to transfer hundreds of billions of dollars each year to support developing countries to deal with global warming and to transition to sustainable and equitable economies. This money will only be as effective as the institutions through which it is channeled. We urge you and your negotiating team to publicly state that the World Bank and regional development banks should not have a role in managing global climate finance.
Funding to fight climate change must be managed by an institution that is governed democratically, has environmental integrity, and ensures the participation of local communities and peoples who suffer the impacts of climate change. The World Bank is not that institution.
- The World Bank’s track record of imposing policy conditions and programs on developing countries and its undemocratic governance structures seriously discredit the institution. Developing countries, who will bare the heaviest burden from climate change, are the least represented inside the Bank.
- The World Bank continues to be a top financier of fossil fuels. As of April 2010, it had already hit a record high for annual fossil fuel lending, with (US) $4.7 billion primarily for coal.
- The World Bank is not effective in ensuring that communities and peoples determine the policies and programs that impact them.
There is an alternative. We call on the US to support the creation of a multilateral climate fund under the UNFCCC that has an equitable governance structure, prioritizes the participation of affected communities, operates with full transparency and accountability, and provides direct access to funding.
Endorsing organizations so far:
Campagna per la Riforma della Banca Mondiale - CRBM
Freedom from Debt Coalition-Philippines
Friends of the Earth International
Indian Social Action Forum
Institute for Essential Services Reform
Jubilee South- Asia/Pacific Movemen on Debt and Development
Pan African Climate Justice Alliance
Sustainable Energy and Economy Network at the Institute for Policy Studies
Third World Network
Archives"Press Room" Home April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 July 2006 June 2006 April 2006 March 2006 January 2006 December 2005 November 2005 September 2005 August 2005 July 2005 April 2005 March 2005 November 2004 October 2004 April 2004 March 2004 January 2004 December 2003 October 2003 September 2003 June 2003 April 2003 January 2003 September 2002 June 2002 January 2002 November 2001 October 2001 September 2001 August 2001 January 2001
Kat Noel, Website & Media Coordinator
PHONE: +1 212 627 0444
MADRE & Our Partners Make News
The Right to Heal: 11 Years After Iraq Invasion, U.S. Urged on Reparations for War's Enduring Wounds (Democracy Now!, March 26, 2014)
Protests Call Iraq's New Family Law 'Legalization of Pedophilia' (Rudaw, March 10, 2014)
Haiti: the neoliberal model imposed on the country is failing its citizens (The Guardian, February 5, 2014)
Human rights group slams Iraq over treatment of women in prison (Miami Herald, February 2, 2014)
New Ways to Evaluate Impact (Stanford Social Innovation Review, January 24, 2014)