CGD in the News

Coal-Fired Plant in Kosovo Tests World Bank Clean-Air Pledge (Bloomberg)

June 02, 2014

From the article:

Kosovo’s future with coal is “a test of the ambiguity they’ve left on the table,” said Scott Morris, a former deputy assistant secretary for development finance and debt at the U.S. Treasury Department. “It’s a dilemma for the bank in that there’s no doubt that any coal project has a climate impact.”

The lender last financed a coal-fired plant four years ago, in South Africa. While the project was approved, several countries, including the U.S., abstained from the board vote.

Read the article here