Extractive Industries and Sustainable Development

Extractive Industries and Sustainable Development

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The World Bank Group (WBG) has the potential to improve the contribution of extractive industries (EI) to sustainable development and poverty reduction. However, this report by the WBG's operations evaluation departments finds that although its EI projects have produced positive economic and financial results, it has not been successful in ensuring compliance to environmental and social safeguards. The paper examines the World Bank, the International Finance Corporation and Multilateral Investment Guarantee Agency, to assess their performance in moving away from a focus on economic benefits towards sustainable development, addressing the governance challenges associated with resource-rich countries, and mitigating environmental and social costs of the extractive industry.An Evaluation of World Bank Group Experience AndrAcs Liebenthal, Roland Michelitsch, Ethel I. Tarazona ... Involuntary Resettlement: Of the seven projects that should have triggered the Involuntary Resettlement policy, four had prepared comprehensive Resettlement Action Plans (RAPs), ... While the completion document reports that the resettlement of the few families was in line with the guidelines andanbsp;...

Title:Extractive Industries and Sustainable Development
Author:Andrés Liebenthal, Roland Michelitsch, Ethel I. Tarazona
Publisher:World Bank Publications - 2005-01-01


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