Extractive Industries Review Implementation: Assessment of the World – Bank Groups Follow-up Measures 12 pages, pdf  Download Back

 Extractive Industries Review Implementation: Assessment of the World – Bank Groups Follow-up Measures

Publisher: CEE Bankwatch Network

Volume: 12 pages, pdf

Description:

At the World Bank General Annual Meeting in Prague in 2000, the Bank agreed to support an independent assessment of World Bank Group (WBG) activities in the extractive industries (oil, gas, and mining), called the Extractive Industries Review (EIR). This three-year process, led by an independent secretariat, involved: a series of regional stakeholder consultations, project visits, and commissioned research. In December 2003, the EIR Secretariat published its final report, "Striking a Better Balance", which contained a list of valuable recommendations to guide the institution’s future involvement in the oil, gas, and mining sectors with the aim of improving the Bank’s performance on its mission of poverty reduction and sustainable development.