When we provide funds to governments to invest in projects such as building roads, connecting people to electricity and treating wastewater, we aim to ensure that people and the environment are protected from potential negative effects. Masu. We achieve this through policies that identify, avoid and minimize harm to people and the environment. These policies require borrowing governments to address certain environmental and social risks in order to receive World Bank support for investment projects. We know from experience that incorporating environmental and social considerations into project design and implementation improves development outcomes.
protection policy
The Bank’s current environmental and social policy is known as the “Safeguards Policy” and is a mechanism for addressing environmental and social issues in the design, implementation and operation of the Bank’s projects, and includes consultation with local communities and the public. It provides a framework for publication. Examples of these requirements include conducting environmental and social impact assessments, consulting affected communities about potential project impacts, and restoring the livelihoods of displaced people.
Environmental and social framework
In August 2016, the World Bank adopted a new environmental and social policy called the Environmental and Social Framework (ESF). As of October 1, 2018, the ESF applies to all new World Bank investment project financings. Existing projects will continue to have safeguard policies in place, so the two systems will run in parallel for an estimated seven years.
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Environmental and social protection policy
The World Bank’s current environmental and social policy consists of 11 operational principles.
Performance standards for private projects supported by IBRD/IDA – On June 26, 2012, the Board approved the adoption and application of World Bank Performance Standards for use in bank financing or support (such as partial risk guarantees) for owned and constructed projects or their components. did. , and/or operated by the private sector on behalf of the World Bank’s Environmental and Social Security Policy (R2012-0130;IDA/R2012-0161).
Technical assistance for preparatory work for private sector involvement in public-private partnerships, as well as investment work, including medium- and long-term management contracts, affermages/leases, privatizations, concessions, and projects within build-own projects. becomes. Transfer (BOT) family. Loans by financial intermediaries are also candidates if bank loans or guarantees to financial intermediaries are specified for subprojects implemented by the private sector or private entities.
– board paper
– OP 4.03 Performance standards for private sector activities
– BP 4.03 Performance standards for private sector activities
– IFC Performance Standards