Concepts and Abbreviations

Question 1

What is the role of the World Bank in global sustainable development? What are some common criticisms of the way it acts?

Answer 1

• Heavily criticised and campaigned against by NGOs for funding non-eco friendly projects (Polonestre Project)
• Goldman (2007) argues that the World Bank has devised ways of monitoring environmental and social performances in ways that allow it to claim that it is reducing impacts, while continuing with its own vision for development.