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The World Bank's private sector arm pocketed millions from an equity investment in a Philippine bank, while spending nothing on remedy for the harm caused by 10 new coal-fired power plants it financed. MANILA, 7 October 2026 — On the eve of the World Bank Group Annual Meetings in Bangkok, new analysis reveals the International Financial Corporation (IFC) and its Capitalisation Fund made an estimated US$39 million in total return from its investment in a Philippine bank, whose

Quezon City, Philippines — The Philippine Movement for Climate Justice (PMCJ), together with coal-affected communities, held a protest on Oct. 13, 2025 in front of the World Bank (WB) office in Taguig, in light of the WB and International Monetary Fund (IMF) Annual Meetings. On Oct. 13-17, 2025, the PMCJ will intervene at the WB-IMF Annual Meetings in Washington, DC to echo calls for remedies for communities affected by coal-fired power plants financed by the International F

Quezon City, Philippines — The Philippine Movement for Climate Justice (PMCJ), together with the Asian Peoples’ Movement on Debt and...

Quezon City, Philippines — PMCJ slams the persistent support of the Department of Energy (DOE) for coal plants following Secretary...

Quezon City, Philippines – The Philippine Movement for Climate Justice (PMCJ) demanded Philippine President Ferdinand “Bongbong” Marcos,...