World Bank and Global Environmental Fund Flashcards
(6 cards)
What is the World Bank’s role in the environment?
Mandate: Reduce poverty and promote economic development.
Environmental Role: Major financier of development projects with environmental impacts.
Reforms:
Created Environment Department (1985)
Introduced Environmental Impact Assessments (1991)
Adopted Environmental and Social Framework (2016)
Focus: Large-scale infrastructure with mixed environmental outcomes.
What are the criticisms and failures of the World Bank?
Projects:
Polonoroeste (Brazil, 1980s) – Deforestation, harm to Indigenous communities.
Narmada Dam (India) – Displacement, ecological damage.
Failures:
Inconsistent safeguards.
Delegation of oversight to borrower states.
Green rhetoric vs. continued fossil fuel financing.
Scholars: Clapp & Dauvergne (2005), Elliott (2004), Moore (2023)
What are the successes and reforms of the World Bank?
Achievements:
Inspection Panel (1993) improved accountability.
Marrakesh Vision (2023): Links climate and development.
Reputation: Has improved transparency, but reform implementation remains uneven.
When was the creation of the GEF and what is it’s structure?
Established: Pilot phase 1991–1994; formalized after Rio (1992).
Joint Management: World Bank, UNEP, UNDP.
Mission: Fund incremental costs of environmental protection in developing countries.
Areas: Climate, biodiversity, international waters, ozone, POPs, land degradation.
What are some criticisms and failures of the GEF?
Early Critiques:
Top-down and donor-driven.
Tied to World Bank lending priorities.
Ongoing Issues:
Focused more on mitigation than adaptation.
Local communities often excluded from project design.
Structural drivers of degradation not addressed.
Scholars: Clapp & Dauvergne (2005), Elliott (2004)
What are some successes and reforms of the GEF?
Reforms (1994):
Introduced mixed voting system (double-majority).
Strengthened NGO engagement and transparency.
Impact:
Over $21.7B in grants.
$119B in co-financing.
Supported 5,000+ projects globally.
Reputation: More inclusive than early phase, but still criticized for bureaucracy and donor influence.