The World Bank Board s
The proposed Environmental and Social Framework builds on the decades-old safeguard policies and aims to consolidate them into a more modern, unified framework that is more efficient and effective to apply and implement.
The Bank s environmental and social policies are key to ensure the projects we fund benefit and protect people and the environment, said
The proposal aims to maintain and build on existing protections, including the enhanced protection of disadvantaged and vulnerable people, Indigenous Peoples, communities and the environment, including provisions for pest management, dam and road safety, natural habitats, and cultural heritage. It also highlights the importance of non-discrimination.
We are proposing to extend the existing protections for Indigenous Peoples and introduce Free, Prior and Informed Consent of Indigenous Peoples, said
The proposed framework would also strengthen the conservation of biodiversity, taking the existing safeguard policy on natural habitats and forests and introducing more stringent requirements, as well as more clarity on how risks and adverse impacts on natural habitats must be mitigated, King added.
The first draft of the framework was developed following a five-month long consultation effort that involved more than 2000 people in over 40 countries and included a review of other multilateral development banks environment and social standards.
The current draft includes a vision statement on environmental and social sustainability, a policy outlining the
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