This report from Inclusive Development International demonstrates how the IFC is funding coal through support for commercial banks and private equity funds. According to this research, IFC-supported financial institutions have funded at least 41 new coal projects – either the facilities directly or the companies that own them – since the World Bank announced its coal ban in 2013.
"Disaster for us and the planet": How the IFC is quietly funding a coal boom
Publication Year: 2016
Banks: World Bank