Nepalese Protest World Bank Role in Climate Finance
The Campaign for Climate Justice Network organized a demonstration against the role of the World Bank in climate finance. The protest action was part of the Global Week of Action Against Debt and IFIs.
The Campaign for Climate Justice Network (CCJN) organized a demonstration against the role of the World Bank in climate finance near the bank's office in Kathmandu on October 12. The protest action was part of the Global Week of Action Against Debt and IFIs, which was observed in many parts of the world.
Dr. Sarba Raj Khadka, member of the International Coordination Committee of the Jubilee South, pointed out that the United States and other developed countries want the World Bank to have a central role in managing the Green Climate Fund. However, he said that the World Bank does not represent the interests of the countries most adversely affected by climate change.
He said that World Bank financing will lead to further indebtedness of countries in the global South. He emphasized that an institution like the World Bank, which is responsible for increasing the LDCs and developing countries' vulnerabilities to climate should not be given the right to manage climate funds. He further said that climate finance must be maintained by an authorized body under the United Nations.
The members of CCJN include: South Asia Alliance for Poverty Eradication (SAAPE), Rural Reconstruction Nepal (RRN), All Nepal Peasants' Federation (AN PFa), General Federation of Nepalese Trade Unions (GEFONT), All Nepal Women Association (ANWA), National Alliance for Human Rights and Social Justice (HR Alliance), and Jagaran Nepal.