Before the end of this year, the World Bank will vote on whether to introduce a new lending instrument called "Programme for Results" (abbreviated as P4R), which aims to better meet the needs of developing countries while increasing the World Bank's reach by bringing funds from public and private donors together in sectoral programmes. NGOs from around the world have expressed concern about P4R, as has the business community and various governments. These parties are concerned that a large number of standards, which may have significant adverse effects on humans and the environment, will be released. A number of organisations have therefore voiced their concerns about P4R in a letter to the World Bank.
Communities from Northern Guatemala have filed a complaint this week against the Inter-American Development Bank (IDB). They bear the brunt of the construction of two large hydropower dams in the Ixquisis region, that are co-financed by the IDB. This is against the bank's own policies on environment and sustainability, indigenous people, gender, and information disclosure.