National campaigner, Bulgaria
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The new report by Environmental Defense and Bank Information Center, examining the World Bank Group’s implementation of its post-EIR commitment to factor governance into decisions about the selection and sequencing of extractive industries operations.
“Grounded in Washington”, a report from Bankwatch and Bank Information Center, finds that the World Bank Group’s implementation of its Extractive Industries Review (EIR) in Europe and central Asia is neglecting a significant number of commitments which the Bank’s managment signed up to in October last year. Our on the ground investigations into six WBG supported extractive projects has revealed uneven EIR implementation.
Based on several NGOs assessment, the reports concludes that the World Bank Group’s implementation of the EIR, including direct Management commitments, has been disappointing. Governance considerations, relevant to the extractive industries, are not systematically applied and do not appear to be having any influence on project selection or sequencing. Operational polices across the board are relying heavily on Bank staff discretion, both for Development Policy Lending and project lending.
