The Institute of Energy Economics and Financial Analysis (IEEFA) and International Accountability Project (IAP) on Tuesday released the Global MDB Investment in Petrochemicals Tracker. The tracker is an interactive database that visualises petrochemical investments across different sectors within the industry from 16 multilateral development banks (MDBs). The database is built using details from the Early Warning System (EWS) hosted by the International Accountability Project (IAP). It tracks 92 projects covering a total investment amount of USD10,042 million.
A key finding emerging from the database is that the World Bank group cumulatively funds 65% of the petrochemical projects tracked. The International Finance Corporation (IFC), which is a member institution of the World Bank group, has a 35% share of the total investment amount in such projects. This is followed by the Multilateral Investment Guarantee Agency’s (MIGA) 24% share. The World Bank itself has a 7% share.
Among other MDBs tracked, the European Investment Bank (EIB) share stands at 18%, the European Bank for Reconstruction and Development (EBRD) at 6%, and the Asian Development Bank (ADB) at 2%.
