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Recourse @re-course.org · 14h

📰 Future of IMF’s climate work uncertain, as climate crisis intensifies

“The IMF has made extremely slow progress in supporting countries’ fulfilment of the Paris Agreement goals,” said Federico Sibaja from Recourse, in article 👉 www.brettonwoodsproject.org/2025/10/futu... @brettonwoodsproject.org

Future of IMF’s climate work uncertain, as climate crisis intensifies

US hostility to IMF’s climate work risks further exacerbating macroeconomic fallout from climate crisis.

www.brettonwoodsproject.org

Reposted by Recourse

Bretton Woods Project @brettonwoodsproject.org · 18h

Our new Bretton Woods Observer – Autumn 2025 reviews key global trends, from IMF-backed reforms to IFC sustainability Framework review, climate and debt challenges shaping the current international development landscape. Explore the full issue → tinyurl.com/ObserverAutu...

Autumn 2025

This edition exposes how IMF and World Bank austerity and debt policies fuel inequality, repression, and democratic erosion. From Angola’s mass protests to Argentina’s debt crisis…

tinyurl.com

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Bretton Woods Project @brettonwoodsproject.org · 2d

As IMF News reviews its Surveillance Policy, new @re-course.org report finds that between 2022 and mid-2025 IMF advice pushed fiscal consolidation in nearly 2/3 of 60 countries assessed - without considering impacts on climate investments

re-course.org/newsupdates/...

IMF surveillance and climate action — Report by Recourse

Report: IMF surveillance falls short in addressing climate threats

re-course.org

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Recourse @re-course.org · 1d

Only 4 years ago, the IMF recognised that climate change poses risks to macroeconomic stability.

It cannot be ignored.

Our new report shows how and why the #IMF can't give up on climate, with recommendations for its Surveillance review.

👉 bit.ly/IMFsurveilla... #IMFmeetings

Teal blue background, white text. Heading says "IMF climate action: green rhetoric, grey reality?" Subheading says "Read our assessment of IMF surveillance and climate action,
with recommendations for the current surveillance policy review". Screenshot of report cover page showing a grey building covered by green vines. White background at the bottom with logos of Recourse and four co-publishing organisations.

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Federico Sibaja @federicosibaja.bsky.social · 2d

The US Treasury has put the ongoing IMF Surveillance review at the top of the agenda as they want to stop the Fund’s work on climate. But what’s the IMF’s track record since the 2021 Climate Strategy?

Read more in our new @re-course.org report: bit.ly/IMFsurveillance
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IMF surveillance and climate action — Report by Recourse

Report: IMF surveillance falls short in addressing climate threats

bit.ly

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Bretton Woods Project @brettonwoodsproject.org · 7d

New @re-course.org & Trend Asia report exposes how an IFC-backed liquified natural gas project in Indonesia is violating community rights, destroying forests and driving up emissions #stopfundinggas

re-course.org/newsupdates/...

Report on Tangguh LNG: Big project, huge risks

Read the report by Recourse and Trend Asia, examining the role of multilateral development banks and other financiers for the Tangguh LNG project in Indonesia.

re-course.org

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Recourse @re-course.org · 6d

Our recommendations for the World Bank Group and ADB:

🛑 write #coal exclusion into Board-approved energy strategies and policies

🏭 clear language to stop funding for #CaptiveCoal

❌ end indirect financing via commercial banks

🧰 apply coal exclusions to all financing instruments and modalities

Teal background with white text saying "World Bank Group & ADB must make good on commitments to end coal finance". Photo underneath showing a young woman in the Philippines protesting against coal. She wears glasses, a covid-19 facemask, and hold a cardboard sign handwritten with "coal pollutes our environment".

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Recourse @re-course.org · 6d

Cutting out #coal is a crucial step towards a clean, safe energy future.

A step that the ADB and the World Bank Group, including IFC_org, have all committed to.

Yet, their coal exclusion policies are riddled with loopholes allowing public funds to leak to damaging coal projects.

Photo of coal power plant in Indonesia, showing the industrial units and a smoggy grey sky behind. White text overlaid says "Cutting out coal is a crucial step towards clean, safe futures"

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Recourse @re-course.org · 6d

It's time to cut out #coal for good 🏭✊

Despite making commitments to stop funding coal-related projects, the World Bank Group and @adb.org do not have robust, comprehensive and enforceable coal exclusion policies.

Find out more: re-course.org/newsupdates/...

#EndCoalFinance #WBGmeetings
🧵

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Recourse @re-course.org · 8d

Our new report with Trend Asia follows the money behind the Tangguh LNG project and makes key demands to multilateral development banks:

🛑 Do not fund #TangguhLNG expansion

🛑 Close loopholes leaking public money to filthy #FossilGas

Read it here: bit.ly/Tangguh25

#BankOnRenewables #Indonesia

Photo of man crouching on a rooftop to clean solar panels. Blue text against the cloudy sky "Stop funding fossil gas". White text against the roof tiles "MDBs, bank on a renewable energy future for Indonesia".

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Recourse @re-course.org · 8d

#TangguhLNG was financed by

export credit agencies in 🇯🇵🇩🇪

big commercial banks from 🌍🌏

and multilateral development banks: @adb.org directly; IFC & AIIB via financial intermediaries.

Now plans are afoot to expand it — a clear violation of climate commitments made by Indonesia & MDBs.

Photo of Tangguh LNG project from above, showing the coast and nearby residential buildings. White text "Expanding Tangguh LNG threatens local livelihoods and global climate goals."

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Recourse @re-course.org · 8d

Tangguh LNG: Big project, huge risks⚠️

This #FossilGas project in West Papua has destroyed vital mangrove forests, violated local people's rights & increased emissions in a climate-vulnerable region.

Who's behind it? ⤵️

Find out in our new report: bit.ly/Tangguh25

Blue background, white text "Tangguh LNG: Big project, huge risks. Read the report to learn about the MDBs and financiers behind Indonesia’s largest fossil gas extraction and LNG production site." Screenshot of report cover page and logos of co-publishing organisations.

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Recourse @re-course.org · 9d

📢 Coming soon 🎥 Bhola IPP: People & Ecology in Peril

This October, witness the story of communities battling pollution, broken livelihoods & ecological destruction.

A new documentary exposing the role of development banks, AIIB and MIGA, in funding fossil fuels.

#BholaIPP #EcologyInPeril

Recourse @re-course.org · 15d

"As we head towards COP30, the call from African people is sharper: finance must be fair, action must be real, and justice must be central."

Reflections on the African Climate Summit by Raj Bhuee ⤵️
www.linkedin.com/pulse/from-nairobi-addis-my-reflections-africas-climate-journey-bhuee-bzc2c/ #ACS2

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Recourse @re-course.org · 16d

News 🚨 #coal

The UK Government’s corporate watchdog has accepted a complaint against Standard Chartered for financing coal in the Philippines.

The bank is responsible for harms caused to local communities and the environment.

Read the press release: re-course.org/newsupdates/...

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Bretton Woods Project @brettonwoodsproject.org · 22d

New op-ed by Patricia Miranda & @jonsward.bsky.social: Backing #SDRs reform is one way for Britain and the EU to demonstrate commitment to building stronger and fairer global financial system and limiting the possibility of global financial chaos #SDRsPlaybook

www.telegraph.co.uk/global-healt....

Access Restricted

www.telegraph.co.uk

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Recourse @re-course.org · 19d

Let's talk about #FossilGas

This webinar will explore the role of World Bank guarantees in damaging gas expansion around the world

Join us!
⏰ 23 September at 12:00 UTC
🌐 English, Spanish, Urdu, Bangla

Register 👉 climateactionnetwork.zoom.us/webinar/register/WN_V6YQvtBAT5685hrEN2sbkw#/registration

Recourse @re-course.org · 20d

91% of new #renewable power in 2024 was cheaper than fossil fuels.

So why does @adb.org want to lock Asia into #FossilGas dependency?

Our inputs to the ADB's energy policy review show why & how the bank must end all forms of fossil fuel finance ⤵️
re-course.org/newsupdates/adb-energy-policy-review

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Recourse @re-course.org · 20d

It’s time @adb.org ensured a truly just energy transition 🔋

The bank’s Energy Policy review must:
√ End fossil fuel support
√ Close loopholes
√ Reject false solutions
√ Ensure accountability
√ Prioritise renewables for people

Read our submission to the ADB: re-course.org/newsupdates/...

Recourse @re-course.org · 20d

⭐️Launch today⭐️

The Rabat Roadmap: a collective vision of feminist & decolonial alternatives to the current economic order, and a guide for advocacy in 2025 & beyond.

Register on Zoom: bit.ly/RabatLaunch
⏰ 14:30–16:00 CET
🗣️ Arabic, French, Spanish & English

@menafem.bsky.social #DrawTheLine

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ClimateActionNetwork @canclimateaction.bsky.social · 26d

📢 It's time to rise up to #DrawTheLine against the unjust systems at the root of the climate crisis! It's time for #JustTransitionRising!

⚡️ Join us for the Draw the Line Kickoff Rally: it's not to be missed!

➡️ bit.ly/DrawtheLineO...

✊ The people united will never be defeated!

Orange, red, black and white banner with instruments and text.

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Recourse @re-course.org · 29d

🇷🇼🇹🇿 The AfDB & World Bank have supported the #RenewableEnergy transition at national scale in Rwanda & Tanzania, with active community level engagement, tools, and training for people to manage their own local minigrids.

Read more: re-course.org/wp-content/u...

#ACS2 #BankOnRenewables #DRE

Recourse @re-course.org · 29d

🇰🇪 The African Development Bank was a ‘financial matchmaker’ for the Lake Turkana wind farm – bringing in European finance for a project which has eroded Indigenous livelihoods & lands without providing jobs or electricity for local people.

Read: re-course.org/wp-content/u... #BankOnRenewables #ACS2

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Recourse @re-course.org · 29d

Africa already has the solutions:
☀️ abundant renewable resources
💡community-led systems
✊people power

Public finance from multilateral development banks should be supporting renewable energy initiatives for and by people, across the continent.

#ACS2 #JustTransitionRising #DRE

Recourse @re-course.org · Sep 8

🌍 The rush for gas is already wreaking havoc on communities in Africa, increasing debt, and jeopardising climate goals.

💡 Now is the moment for public financiers to back a 100% renewable, people-powered, just energy transition for Africa.

#FossilGas #ACS2 #BankOnRenewables

bit.ly/BoR24

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