WASHINGTON, August 4, 2016 — 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 safeguards review included the most extensive consultation ever conducted by the World Bank. It concludes nearly four years of analysis and engagement around the world with governments, development experts, and civil society groups, reaching nearly 8,000 stakeholders in 63 countries. The framework is part of a far-reaching effort by the World Bank Group to improve development outcomes and streamline its work.

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