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The Recourse team and partners from around the world will be in Bangkok for the 2026 Annual Meetings, 12-18 October, engaging with staff and shareholders at these increasingly influential institutions, and joining the civil society-led activities happening around the official talks Advocacy asks for the 2026 Annual Meetings The West Asia crisis supply shocks have hit countries in Asia hard, laying bare the risks of relying on imported fossil gas: volatile prices, debt and stranded assets.

The IFC/MIGA Sustainability Framework includes the environmental and social safeguards designed to prevent development projects financed by these institutions from causing harm to people and the environment. The Framework is currently up for review, with disclosure of the first draft expected in November–December 2026 alongside the launch public consultations.

A new report re-imagining multilateral development bank finance for a just transition: "Financing renewable energy at scale" by Recourse and partners.

Gas is bad economics for the Global South

A new report published ahead of the IMF Annual Meetings 2026 examines the contradiction at the heart of the IMF climate turn. On one hand, the Fund can finance resilience, forest governance and climate reforms through its newer Resilience and Sustainability Facility (RSF), while on the other hand it forces countries to expand fossil fuels and extractive industries while constraining public investment through its conventional lending programmes.

116 civil society organisations (CSOs) write letter to the Board of the World Bank Group (WBG), calling on them to support the introduction of stronger environmental and social safeguards for IFC and MIGA projects. The review of the IFC/MIGA Sustainability Framework formally began in 2025, and is now reaching a critical stage.

The Asian Infrastructure Investment Bank (AIIB) celebrates its 10th anniversary this year. Looking under the hood of the bank’s ‘achievements’ on sustainability and climate reveals a less rosy story. Underpinning the “transformative financial architecture” that the AIIB claims to have created within a decade of operations are ‘innovative financing’ mechanisms such as AIIB’s Infrastructure Asset-Backed Securities (IABS) that are untransparent, unaccountable and far too fossil-friendly.

IMF Board evaluates its own climate work: Broad member support but still far off what’s needed, say civil society groups 8 June 2026, Washington DC The IMF Board has discussed the findings of a new evaluation of its climate work, by its Independent Evaluation Office (IEO).[i] The evaluation identified broad membership support for IMF climate work, but significant gaps in implementation and ambition across the institution.

For the African Development Bank, that means scaling equitable renewable energy access through decentralised renewables, supporting economic resilience without deepening debt burdens, and ensuring strong protections for communities affected by energy and extractive projects. The Bank must also hold the line on its climate commitments by rejecting fossil gas expansion and false solutions that undermine a credible just transition.

This briefing was published by Recourse in collaboration with Alternative Law Collective ahead of the Asian Development Bank annual meetings 2026. Download the full briefing here or read the Executive summary below. Executive summary The Jamshoro coal power plant, located in Sindh province, Pakistan, was the last coal project directly funded by the Asian Development Bank (ADB) before the ADB committed to cease funding for new coal power plants in 2021.