Mainstreaming the environment : fiscal 1995

Mason, Jocelyn T.

Mainstreaming the environment : fiscal 1995

Mason, Jocelyn T.

This publication comes three years after the Earth Summit in Rio de Janeiro, Brazil, when almost all the countries in the world endorsed the concept of environmentally sustainable development. It documents how the World Bank has sought to be an active partner in implementing the "Rio imperatives." The report is divided into three parts. Part 1 explores progress in activities specifically targeted toward improving the environment and includes an analysis of the World Bank's growing loan portfolio of environmental projects as well as an analysis of the Bank's role as an implementing agency of the Global Environmment Facility (GEF) and of the Montreal protocol. Part 2 asks a broader question: How are environmental concerns being incorporated throughout all the Bank's activities? The document provides a preliminary "green accounting" of the $67 billion that the Bank has committed in the past three years. Part 3 reports the environmental programs of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). Finally, while documenting the good progress that has been made to date, the report also tries to point to the areas where extra effort is now needed.

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