As part of the programme for reducing emissions from deforestation and forest degradation, the readiness preparation proposals of Guyana, Panama and Indonesia were advanced to the next step by the Participants Committee.
Originally drafted as internal operational policies to guide staff, World Bank safeguard policies evolved after pressure from environmental and social groups in the 1980s and were first officially implemented in 1998. They aim to protect people and the environment from the adverse effects of Bank-financed operations and are based on international agreements, even if these protections are not explicitly provided for in the borrower country's national law.
Minutes of a session hosted by the IFC at the World Bank spring meetings, April 23, 2009
Two new resources have been released by the Forest Peoples Programme.
World Bank funding of carbon financing
Dialogue with NGOs and Lars Thunell, Executive Vice President and CEO, IFC
Several weeks ago the International Finance Corporation (IFC) of the World Bank approved a loan for Camisea II in Peru, the project to export liquefied natural gas. Even though concerns had been raised about this project over environmental, social and now economic issues, the IFC did not hesitate to provide a loan for the Lot 56 consortium operated by Hunt Oil (Peru NLG).
As details emerge of the World Bank's new facility to pay countries for preventing deforestation, concerns about its operations and governance mount.
The World Bank has become a major financial and political supporter of Brazil's campaign for sugar-cane based ethanol and a free market for bio-fuels.
Highlights of NGO meeting with alternative executive director to the World Bank, Caroline Sergeant