According to 142 organizations: World Bank is unfit to manage climate adaption funds

In 2007 when the UN announced that its under-resourced adaptation
funds – established to help less-industrialized nations adapt to the
effects of climate change – were to receive a cash injection. But they
were dismayed to discover in 2008 that the organization holding the
purse-strings would be none other than the World Bank – not renowned
for its track record in sustainable development. Now, 142
organizations have signed a statement declaring that the World Bank is
unfit to manage the funds.

They argue that the funds would conflict
with separate funds which the Bank already operates; that the Bank has
serious conflicts of interest between tackling climate change and
funding fossil fuel projects and deforestation; and that the
organization is undemocratic and unaccountable. Lidy Nacpil,
coordinator of the Asia/Pacific Movement on Debt and Development,
said: ‘It is sheer hypocrisy for the World Bank to claim any role in
supposedly assisting the South in addressing the climate crisis when
it continues to finance environmentally destructive projects and
policies.’ http://www.theecologist.org/pages/archive_detail.asp?content_id=2045