SIA Guidance Document

Guidance for assessing and managing social impacts

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World Bank Board Approves New Environmental & Social Framework
04 August 2016
Various, Other Countries
The World Bank’s Board of Executive Directors today approved a new Environmental and Social Framework (ESF) that expands protections for people and the environment in Bank-financed investment projects.

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 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.

The World Bank now begins an intensive preparation and training period (12-18 months) to prepare for the transition to the new framework.  The framework is expected to go into effect in early 2018. 

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 World Bank’s current safeguards are expected to run in parallel to the new ESF for about seven years to govern projects approved before the launch of the new ESF.

More info at:

http://www.worldbank.org/en/news/press-release/2016/08/04/world-bank-board-approves-new-environmental-and-social-framework
 
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