The DFC, World Bank, and How a Nuanced Compromise on Gas Financing for Poor Countries Could Quietly Become a Blanket Ban (Hint: Ask the Kosovars)
The debate over whether development finance should be allowed for downstream gas projects appears to be settling toward a compromise that makes such investments rare but not impossible. But will it be so in practice? Lessons from a previous (eerily similar) compromise suggest that any flexibility is probably fleeting. A flexible policy is probably not flexible if not a single project can ever get through.