Coming out of the dark

Is the IFC investing in a fossil free future?

This new report by the Bank Information Center Europe (BIC Europe) and SOMO exposes loopholes through which the IFC International Finance Corporation (IFC): the World Bank’s private sector arm still supports coal projects, shortcomings in the IFC’s disclosures on coal, and missed opportunities for the IFC to reduce its support of fossil fuels generally. The research shows that IFC has taken some steps to reduce its support for coal projects. However, too many loopholes and risky investments remain.