Managing Environmental and Social Risks in Development Policy Financing

Effective environmental and social risk management in development policy financing (DPF) is central to achieving the World Bank’s goals of ending extreme poverty and promoting shared prosperity in a sustainable manner. If the World Bank is supporti...

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Main Author:	Independent Evaluation Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	TARIFFS EMPLOYMENT SOCIAL COSTS RISKS REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT RIGHTS ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT FOREST MANAGEMENT FINANCIAL MANAGEMENT LOAN FINANCING PRINCIPAL INCOME INTEREST LAWS AGRICULTURAL PRODUCTION PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT STRATEGIES FINANCIAL RESOURCES TIMBER INFORMATION WATER SUPPLY SERVICES MONITORING HOUSING ENVIRONMENTAL ISSUES ECONOMIC EFFECTS EFFECTS INCENTIVES PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAFETY NETS BUDGET PUBLIC HOUSING TECHNICAL ASSISTANCE ENVIRONMENTAL RISK TRAINING NATURAL CAPITAL TRANSPORT DEVELOPMENT EFFECTIVENESS DISPLACEMENT OPTIONS WATER USE TRANSFERS FINANCIAL INSTITUTIONS CRITERIA MARKETS LEGISLATION POLLUTION PUBLIC FINANCE FORESTRY ECONOMIC POLICIES STANDARDS LABOR LOANS ENTERPRISES ENVIRONMENTAL ECONOMICS NATURAL RESOURCES SOCIAL DEVELOPMENT TRUST FUNDS FUEL TAXES SUBSIDIES LEGAL FRAMEWORK FINANCE EFFICIENCY GRANTS INFRASTRUCTURE TAXES TAX REFORMS LAND USE RESOURCES UNEMPLOYMENT EQUITY ENERGY CONSUMPTION OPERATIONAL RISKS CONSUMPTION SOCIAL SAFETY NETS ACCOUNTABILITY ENVIRONMENTAL POLICY CLIMATE CHANGE POLICIES SOCIAL SERVICES ENVIRONMENTAL MANAGEMENT COMPLIANCE COSTS VALUE BANK CREDIT ENVIRONMENTAL IMPACTS BUDGETS MACROECONOMICS DEFORESTATION MINES INCOME DISTRIBUTION EXPENDITURES LOGGING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE TRADE LIBERALIZATION URBAN DEVELOPMENT ECONOMICS SUBSIDIARY MANAGEMENT PORTFOLIO ANALYSIS ENERGY EFFICIENCY GOVERNANCE PROFITABILITY TAXATION TRADE LAND DRINKING WATER INVESTMENT BANK MANAGEMENT RISK COAL INDIGENOUS PEOPLES WATER POLLUTION DECENTRALIZATION REVENUE LAW RISK MANAGEMENT LENDING ECONOMISTS ENVIRONMENTAL PRODUCTION PATTERNS LABOR MARKETS GOVERNMENTS OUTCOMES WETLANDS ADVERSE EFFECTS PRICES ENVIRONMENTAL POLICIES
Online Access:	http://documents.worldbank.org/curated/en/2015/08/24924256/managing-environmental-social-risks-development-policy-financing-ieg-learning-product http://hdl.handle.net/10986/22801

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recordtype	oai_dc
spelling	okr-10986-228012021-04-23T14:04:10Z Managing Environmental and Social Risks in Development Policy Financing Independent Evaluation Group TARIFFS EMPLOYMENT SOCIAL COSTS RISKS REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT RIGHTS ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT FOREST MANAGEMENT FINANCIAL MANAGEMENT LOAN FINANCING PRINCIPAL INCOME INTEREST LAWS AGRICULTURAL PRODUCTION PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT STRATEGIES FINANCIAL RESOURCES TIMBER INFORMATION WATER SUPPLY SERVICES MONITORING HOUSING ENVIRONMENTAL ISSUES ECONOMIC EFFECTS EFFECTS INCENTIVES PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAFETY NETS BUDGET PUBLIC HOUSING TECHNICAL ASSISTANCE ENVIRONMENTAL RISK TRAINING NATURAL CAPITAL TRANSPORT DEVELOPMENT EFFECTIVENESS DISPLACEMENT OPTIONS WATER USE TRANSFERS FINANCIAL INSTITUTIONS CRITERIA MARKETS LEGISLATION POLLUTION PUBLIC FINANCE FORESTRY ECONOMIC POLICIES STANDARDS LABOR LOANS ENTERPRISES ENVIRONMENTAL ECONOMICS NATURAL RESOURCES SOCIAL DEVELOPMENT TRUST FUNDS FUEL TAXES SUBSIDIES LEGAL FRAMEWORK FINANCE EFFICIENCY GRANTS INFRASTRUCTURE TAXES TAX REFORMS LAND USE RESOURCES UNEMPLOYMENT EQUITY ENERGY CONSUMPTION OPERATIONAL RISKS CONSUMPTION SOCIAL SAFETY NETS ACCOUNTABILITY ENVIRONMENTAL POLICY CLIMATE CHANGE POLICIES SOCIAL SERVICES ENVIRONMENTAL MANAGEMENT COMPLIANCE COSTS VALUE BANK CREDIT ENVIRONMENTAL IMPACTS BUDGETS MACROECONOMICS DEFORESTATION MINES INCOME DISTRIBUTION EXPENDITURES LOGGING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE TRADE LIBERALIZATION URBAN DEVELOPMENT ECONOMICS SUBSIDIARY MANAGEMENT PORTFOLIO ANALYSIS ENERGY EFFICIENCY GOVERNANCE PROFITABILITY TAXATION TRADE LAND DRINKING WATER INVESTMENT BANK MANAGEMENT RISK COAL INDIGENOUS PEOPLES WATER POLLUTION DECENTRALIZATION REVENUE LAW RISK MANAGEMENT LENDING ECONOMISTS ENVIRONMENTAL PRODUCTION PATTERNS LABOR MARKETS GOVERNMENTS OUTCOMES WETLANDS ADVERSE EFFECTS PRICES ENVIRONMENTAL POLICIES Effective environmental and social risk management in development policy financing (DPF) is central to achieving the World Bank’s goals of ending extreme poverty and promoting shared prosperity in a sustainable manner. If the World Bank is supporting far-reaching member country reforms that are intended to contribute to the twin goals, then it should seek to understand the impact of those reforms on the poor. It should also ensure that the country’s natural capital and long-term growth prospects will not be undermined. The objective of this learning product is therefore to assess the application of the elements of the World Bank operational policy (OP 8.60) governing DPF related to the implementation of the environmental and social risk management requirements of the policy, and identify lessons learned and good practices. The focus of the study is on Bank actions, policies, procedures, and guidance for environmental and social risk management, based largely on a desk-based portfolio review of a large, random sample of development policy operations (DPOs), complemented by assessment of other relevant documents, and interviews with key stakeholders. This approach requires the Bank to determine whether specific policies supported by a DPO are likely to have significant poverty and social or environmental effects. The Bank emphasized the potential of OP 8.60 to promote positive environmental and social development from the time the policy was approved in 2004. 2015-11-02T23:08:51Z 2015-11-02T23:08:51Z 2015-07-27 Report http://documents.worldbank.org/curated/en/2015/08/24924256/managing-environmental-social-risks-development-policy-financing-ieg-learning-product http://hdl.handle.net/10986/22801 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	TARIFFS EMPLOYMENT SOCIAL COSTS RISKS REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT RIGHTS ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT FOREST MANAGEMENT FINANCIAL MANAGEMENT LOAN FINANCING PRINCIPAL INCOME INTEREST LAWS AGRICULTURAL PRODUCTION PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT STRATEGIES FINANCIAL RESOURCES TIMBER INFORMATION WATER SUPPLY SERVICES MONITORING HOUSING ENVIRONMENTAL ISSUES ECONOMIC EFFECTS EFFECTS INCENTIVES PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAFETY NETS BUDGET PUBLIC HOUSING TECHNICAL ASSISTANCE ENVIRONMENTAL RISK TRAINING NATURAL CAPITAL TRANSPORT DEVELOPMENT EFFECTIVENESS DISPLACEMENT OPTIONS WATER USE TRANSFERS FINANCIAL INSTITUTIONS CRITERIA MARKETS LEGISLATION POLLUTION PUBLIC FINANCE FORESTRY ECONOMIC POLICIES STANDARDS LABOR LOANS ENTERPRISES ENVIRONMENTAL ECONOMICS NATURAL RESOURCES SOCIAL DEVELOPMENT TRUST FUNDS FUEL TAXES SUBSIDIES LEGAL FRAMEWORK FINANCE EFFICIENCY GRANTS INFRASTRUCTURE TAXES TAX REFORMS LAND USE RESOURCES UNEMPLOYMENT EQUITY ENERGY CONSUMPTION OPERATIONAL RISKS CONSUMPTION SOCIAL SAFETY NETS ACCOUNTABILITY ENVIRONMENTAL POLICY CLIMATE CHANGE POLICIES SOCIAL SERVICES ENVIRONMENTAL MANAGEMENT COMPLIANCE COSTS VALUE BANK CREDIT ENVIRONMENTAL IMPACTS BUDGETS MACROECONOMICS DEFORESTATION MINES INCOME DISTRIBUTION EXPENDITURES LOGGING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE TRADE LIBERALIZATION URBAN DEVELOPMENT ECONOMICS SUBSIDIARY MANAGEMENT PORTFOLIO ANALYSIS ENERGY EFFICIENCY GOVERNANCE PROFITABILITY TAXATION TRADE LAND DRINKING WATER INVESTMENT BANK MANAGEMENT RISK COAL INDIGENOUS PEOPLES WATER POLLUTION DECENTRALIZATION REVENUE LAW RISK MANAGEMENT LENDING ECONOMISTS ENVIRONMENTAL PRODUCTION PATTERNS LABOR MARKETS GOVERNMENTS OUTCOMES WETLANDS ADVERSE EFFECTS PRICES ENVIRONMENTAL POLICIES
spellingShingle	TARIFFS EMPLOYMENT SOCIAL COSTS RISKS REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT RIGHTS ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT FOREST MANAGEMENT FINANCIAL MANAGEMENT LOAN FINANCING PRINCIPAL INCOME INTEREST LAWS AGRICULTURAL PRODUCTION PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT STRATEGIES FINANCIAL RESOURCES TIMBER INFORMATION WATER SUPPLY SERVICES MONITORING HOUSING ENVIRONMENTAL ISSUES ECONOMIC EFFECTS EFFECTS INCENTIVES PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAFETY NETS BUDGET PUBLIC HOUSING TECHNICAL ASSISTANCE ENVIRONMENTAL RISK TRAINING NATURAL CAPITAL TRANSPORT DEVELOPMENT EFFECTIVENESS DISPLACEMENT OPTIONS WATER USE TRANSFERS FINANCIAL INSTITUTIONS CRITERIA MARKETS LEGISLATION POLLUTION PUBLIC FINANCE FORESTRY ECONOMIC POLICIES STANDARDS LABOR LOANS ENTERPRISES ENVIRONMENTAL ECONOMICS NATURAL RESOURCES SOCIAL DEVELOPMENT TRUST FUNDS FUEL TAXES SUBSIDIES LEGAL FRAMEWORK FINANCE EFFICIENCY GRANTS INFRASTRUCTURE TAXES TAX REFORMS LAND USE RESOURCES UNEMPLOYMENT EQUITY ENERGY CONSUMPTION OPERATIONAL RISKS CONSUMPTION SOCIAL SAFETY NETS ACCOUNTABILITY ENVIRONMENTAL POLICY CLIMATE CHANGE POLICIES SOCIAL SERVICES ENVIRONMENTAL MANAGEMENT COMPLIANCE COSTS VALUE BANK CREDIT ENVIRONMENTAL IMPACTS BUDGETS MACROECONOMICS DEFORESTATION MINES INCOME DISTRIBUTION EXPENDITURES LOGGING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE TRADE LIBERALIZATION URBAN DEVELOPMENT ECONOMICS SUBSIDIARY MANAGEMENT PORTFOLIO ANALYSIS ENERGY EFFICIENCY GOVERNANCE PROFITABILITY TAXATION TRADE LAND DRINKING WATER INVESTMENT BANK MANAGEMENT RISK COAL INDIGENOUS PEOPLES WATER POLLUTION DECENTRALIZATION REVENUE LAW RISK MANAGEMENT LENDING ECONOMISTS ENVIRONMENTAL PRODUCTION PATTERNS LABOR MARKETS GOVERNMENTS OUTCOMES WETLANDS ADVERSE EFFECTS PRICES ENVIRONMENTAL POLICIES Independent Evaluation Group Managing Environmental and Social Risks in Development Policy Financing
description	Effective environmental and social risk management in development policy financing (DPF) is central to achieving the World Bank’s goals of ending extreme poverty and promoting shared prosperity in a sustainable manner. If the World Bank is supporting far-reaching member country reforms that are intended to contribute to the twin goals, then it should seek to understand the impact of those reforms on the poor. It should also ensure that the country’s natural capital and long-term growth prospects will not be undermined. The objective of this learning product is therefore to assess the application of the elements of the World Bank operational policy (OP 8.60) governing DPF related to the implementation of the environmental and social risk management requirements of the policy, and identify lessons learned and good practices. The focus of the study is on Bank actions, policies, procedures, and guidance for environmental and social risk management, based largely on a desk-based portfolio review of a large, random sample of development policy operations (DPOs), complemented by assessment of other relevant documents, and interviews with key stakeholders. This approach requires the Bank to determine whether specific policies supported by a DPO are likely to have significant poverty and social or environmental effects. The Bank emphasized the potential of OP 8.60 to promote positive environmental and social development from the time the policy was approved in 2004.
format	Report
author	Independent Evaluation Group
author_facet	Independent Evaluation Group
author_sort	Independent Evaluation Group
title	Managing Environmental and Social Risks in Development Policy Financing
title_short	Managing Environmental and Social Risks in Development Policy Financing
title_full	Managing Environmental and Social Risks in Development Policy Financing
title_fullStr	Managing Environmental and Social Risks in Development Policy Financing
title_full_unstemmed	Managing Environmental and Social Risks in Development Policy Financing
title_sort	managing environmental and social risks in development policy financing
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/08/24924256/managing-environmental-social-risks-development-policy-financing-ieg-learning-product http://hdl.handle.net/10986/22801
_version_	1764451832058347520

Managing Environmental and Social Risks in Development Policy Financing

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