World Bank Board Approves New Environmental and Social Framework

The World Bank’s Board of Executive Directors approved a new Environmental and Social Framework (ESF) that expands protections for people and the environment in Bank-financed investment projects. 
The safeguards review included the most extensive consultation ever conducted by the World Bank. It concludes nearly four years of analysis and engagement around the world with governments, development experts, and civil society groups, reaching nearly 8,000 stakeholders in 63 countries. The framework is part of a far-reaching effort by the World Bank Group to improve development outcomes and streamline its work, world bank press release said. 
The framework brings the World Bank’s environmental and social protections into closer harmony with those of other development institutions, and makes important advances in areas such as transparency, non-discrimination, social inclusion, public participation, and accountability – including expanded roles for grievance redress mechanisms. 
In order to support the new framework – and meet additional oversight demands – the World Bank is on a trajectory to substantially increase funding for the safeguards. 
Strengthening national systems in borrowing countries is recognized as a central development goal by the World Bank and most of its shareholders. In line with this goal, the framework places greater emphasis on the use of borrower frameworks and capacity building, with the aim of constructing sustainable borrower institutions and increasing efficiency. 
The approved Environmental and Social Framework introduces comprehensive labor and working condition protection; an over-arching non-discrimination principle; community health and safety measures that address road safety, emergency response and disaster mitigation; and a responsibility to include stakeholder engagement throughout the project cycle. 
The new framework will promote better – and lasting - development outcomes. It provides broader coverage and access, and will benefit more people, especially vulnerable and disadvantaged groups. It will also strengthen partnerships with other multilateral development banks, development partners, and bilateral donors. 
Implementation will focus on supporting and strengthening the capacity of borrowers; training Bank staff and Borrowers to implement the framework; strengthening the Bank’s Environmental and Social Risk Management System; and strengthening strategic partnerships with development partners. The framework is expected to go into effect in early 2018.