world bank safeguards
Despite an unprecedented consultative process involving thousands of stakeholders from government, civil society, and the private sector, the review and update of the World Bank safeguard policies has proven to be a missed opportunity for the Bank to reclaim its place as a global leader in development.
Co-authored by Julia Radomski, Information Services Coordinator at Bank Information Center Photo caption: Protesters in front
New measures follow ICIJ and HuffPost investigation that revealed bank wasn't enforcing its own rules
At a time when the World Bank is poised to increase its investment in fragile and conflict states, and return to its bad old ways of lending to mega-projects like big dams and infrastructure, strong safeguards to ensure the poorest and most vulnerable don't pay the price are more important than ever.
Former bank official on efforts to protect indigenous peoples: "It's a facade"
Human rights campaigners say the bank's response borders on "complete apathy."
New safeguard proposal would "vastly weaken" protections, they say.
Compensation for seized land came late, or not at all, watchdog finds.
Reports of the Bank violating its own safeguards on resettlement policies and forcing over 3.4 million people from their homes and property over the past decade were a public relations nightmare for the Bank. And that was before Friday morning's demonstration.
This conclusion, announced by the bank on Wednesday, amounts to a reversal of its previous efforts to downplay concerns raised
Like previous consultations, Lima was draped in a sense of secrecy with a total lack of transparency from the get go. This is not the way to start out on the right foot.