This piece is an abstract. Article originally published in the Huffington Post. on September 8. Full article can be viewed on its website.
Independent evaluations at multilateral
development banks (MDBs) have called for a reform of the system of safeguards that they use to deflect potential damages to communities and the environment associated with the investments they finance. Without such mitigation, roads can harm habitats, dams displace communities and slum rebuilding hurt livelihoods. The purpose of reform, the reviews stressed, should be to improve environmental and social outcomes of safeguards, while reducing inefficiencies in their implementation. Continue reading


Behind the scenes, the World Bank has been active in Greece for some time, says Heemskerk. ‘Many institutions don’t work. The country is corrupt. We have allowed that to happen in Europe. We have all looked the other way.’ The Greek crisis has a large impact in the region, he says. Countries like Bulgaria, where the World Bank has been a player for a long time, feel the pain.





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