The World Bank has decided to revise its ‘Environmental and Social Framework’ to transform it into a new strategy to ensure that investment projects it finances do not hurt people or the environment.
Consultations on the proposed framework which builds on the decades-old safeguard policies aim to consolidate them into a more modern, unified framework that is more efficient and effective to apply and implement.
The Committee on Development Effectiveness of the World Bank has issued clearance for the bank to consult publicly on a first draft of a proposal which aims to maintain and build on existing protections to vulnerable and indigenous people, communities, and the environment.
