World Bank launches historic framework addressing harms from development projects

The World Bank has released the first-ever framework to address environmental and social harms caused by projects the bank financed through its private sector branches, including the International Finance Corporation (IFC).

“Implementation will show whether this is working or not, and if it’s not working it should be adjusted accordingly and in a transparent manner,” said Stephanie Amoako from the Accountability Counsel, one of the organizations involved in the framework’s consultation process.

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