This report from Bank Information Center Europe and Centre for Research on Multinational Corporations analyses whether the IFC has reduced its investments in higher-risk FIs. It also assesses if the IFC backed any FI clients with exposure to coal and/or other fossil fuels and if the IFC has succeeded in closing loopholes to prevent its funds from being used to support coal and other fossil fuels. Finally, the report makes several recommendations on how the IFC could shift FI lending away from fossil fuels.
Coming out of the dark. Is the IFC investing in a fossil free future?
Publication Year: 2018
Banks: World Bank