strategy
Integrating environmental considerations into lending
Implementation:
The World Bank's Operational Directive on Environmental Assessment was approved in 1989, and expanded in 1991. It is the principal mechanism for taking account of the environmental effects of the Bank's project lending. All prospective Bank projects are screened for potential environmental effects and classified into categories. For instance, category A groups projects with potentially serious environmental damage and require complete Environmental assessments (EAs). Several A category projects have been modified as a result, including re-routing a channel to avoid disruptions to a lagoon, for the Lower Guayas flood control project in Ecuador. Broader:
Greening development aidRestructuring foreign aidImproving money lending policyPromoting environmentally sound economic growth Narrower:
Using debt-for-nature swaps Facilitates:
Restoring environmental damageInvesting in environmental conservationExamining effects of international debt on environmentReconciling environmental concerns and development needs Facilitated by:
Advocating sustainable developmentProtesting environmentally harmful developmentNetworking the environment and development arenaDeveloping national strategies for sustainabilityProtesting environmentally unsound policies of development banksIntegrating sustainable development goals into development aid strategies Organizations:
International Bank for Reconstruction and Development Subjects:
Commerce → CreditEnvironment → Environment
Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
