Environmentally Friendly Products, Services and News  
Homepage Commercial User Section Government User Section
 
   LA21/Councils Feedback Submissions Site Map Courses Get News on your WAP
   Home > Personal Products > Holidays

Related News

Campsites get green accreditation Campsites get green accreditation
Tue 17 May 2005
World Bank proposal slated World Bank proposal slated
Tue 21 Sep 2004
Remarkable heads into Europe Remarkable heads into Europe
Mon 17 May 2004
Remarkable back at Sainsbury’s. Remarkable back at Sainsbury’s.
Tue 19 Aug 2003
Pope bemoans ‘uncontrolled’ tourism. Pope bemoans ‘uncontrolled’ tourism.
Thu 27 Jun 2002

Holidays

  World Bank proposal slated


Tuesday 21 September 2004
moneyProposed changes to the World Bank’s private sector lending policies, revealed last week, have been criticised by environmental and human rights groups. The International Finance Corporation (IFC) aims to abandon its Safeguards Policies, which cover issues such as pollution and treatment of local communities, in favour of performance-based standards.

Any change to the regulations could have a knock-on effect with other financiers, as the IFC’s standards are being increasingly adopted by numerous commercial banks, notably the ‘Equator Priniciples’ group.

Friends of the Earth's Hannah Ellis said; "These flawed proposals seriously undermine the World Bank's duty to protect the environment and affected communities. It must ensure that any money it lends to private sector projects meets internationally recognized standards. These new plans will weaken already inadequate safeguards and must be abandoned."

Tim Peat from NGO War on Want added; “As a public institution with poverty alleviation and sustainable development at its core mandate, the private sector should not receive special treatment."


 Text Only/Printable Version
Main Holidays Section

Categories

Holidays
Sign up to our free electronic newsletter
E-mail:
Read our Privacy Policy
 

Related Sites:


Tell a friend | How to link to us | | About Us | Contact Us | Legal | Privacy Policy

© 2017 Green Media - Web Design Newcastle.