Striking a Better Balance : Volume 1. The World Bank Group and Extractive Industries

In July 2001, the extractive industries review (EIR) was initiated with the appointment of Dr. Emil Salim, former Minister of the Environment for Indonesia, as eminent person to the review. The EIR was designed to engage all stakeholders-governments, nongovernmental organizations (NGOs), indigenous peoples' organizations, affected communities and community-based organizations, labor unions, industry, academia, international organizations, and the World Bank Group (WBG) itself-in a dialogue. The basic question addressed was, can extractive industries projects be compatible with the WBG's goals of sustainable development and poverty reduction? The EIR believes that there is still a role for the WBG in the oil, gas, and mining sectors-but only if its interventions allow EI to contribute to poverty alleviation through sustainable development. And that can only happen when the right conditions are in place. This report makes major recommendations on how to restore the balance in the WBG - promote pro-poor public and corporate governance in the EI, strengthen environmental and social components of WBG interventions in these industries, respect human rights, and rebalance WBG institutional priorities. These recommendations have as the ultimate goal: to lift up civil society so it is balanced in the triangle of partnership between governments, business, and civil society; to raise social and environmental considerations so they are balanced with economic considerations in efforts at poverty alleviation through sustainable development; and to strive for a human-rights-based development that balances the material and the spiritual goals of life.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	World Bank, Washington, DC 2003-12
Subjects:	ACCESS TO INFORMATION, ACCESS TO MARKETS, ACCESS TO SERVICES, ACID DRAINAGE, ACID ROCK DRAINAGE, ADVERSE ENVIRONMENTAL IMPACTS, AID AGENCIES, AIR POLLUTION, ALUMINIUM SMELTER, ARTISANAL AND SMALL-SCALE MINING, ASM, ASM SECTOR, AUDITS, BALANCE OF PAYMENTS, BALANCE SHEET, BENEFIT SHARING, BOND, BONDS, CAPACITY BUILDING, CARBON, CARBON DIOXIDE, CASH INCOME, CASM, CENTRAL GOVERNMENTS, CHILD LABOR, CHILD MALNUTRITION, CHILD MORTALITY, CHRONIC DEPRIVATION, CLEAN WATER, CLIMATE CHANGE, CLOSURE, CLOSURE PLANNING, CLOSURES, COAL, COAL MINE, COAL MINING, COAL SECTOR, CODES OF CONDUCT, COMMUNITY PARTICIPATION, COMMUNITY-BASED ORGANIZATIONS, COMPARATIVE ADVANTAGE, CONCEPTUAL FRAMEWORK, CONFIDENTIALITY, CONFLICT, CORAL, CORPORATE GOVERNANCE, CORPORATE RESPONSIBILITY, COST STRUCTURE, CYANIDE, DEBT, DEVELOPING COUNTRIES, ECONOMIC DEVELOPMENT, ECONOMIC DIVERSIFICATION, ECONOMIC GROWTH, ECONOMIC POLICIES, ECONOMIC PROBLEMS, ECONOMIC RENTS, ECONOMISTS, EI, EIR REPORT, EMISSIONS, ENERGY EFFICIENCY, ENVIRONMENTAL, ENVIRONMENTAL CLEANUP, ENVIRONMENTAL CONSERVATION, ENVIRONMENTAL CONSIDERATIONS, ENVIRONMENTAL COSTS, ENVIRONMENTAL DAMAGE, ENVIRONMENTAL DEGRADATION, ENVIRONMENTAL IMPACTS, ENVIRONMENTAL ISSUES, ENVIRONMENTAL MANAGEMENT, ENVIRONMENTAL PERFORMANCE, ENVIRONMENTAL POLICIES, ENVIRONMENTAL POLICY, ENVIRONMENTAL PROTECTION, ENVIRONMENTAL REGULATIONS, ENVIRONMENTS, EXPLOITATION, EXPLORATION EXPENDITURE, EXTERNAL COSTS, EXTERNALITIES, EXTRACTIVE COMPANIES, EXTRACTIVE INDUSTRIES, EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE, EXTRACTIVE INDUSTRY INVESTMENTS, EXTRACTIVE INDUSTRY PROJECTS, EXTRACTIVE RESOURCES, EXTRACTIVE SECTOR, EXTRACTIVE SECTORS, FINANCE CORPORATION, FINANCIAL INSTRUMENTS, FISH, FISHING, FOSSIL FUELS, GAS, GOLD, GOLD MINE, GOOD GOVERNANCE, GREENHOUSE GASES, HUMAN CAPITAL, HUMAN DEVELOPMENT, HUMAN DEVELOPMENT INDEX, HUMAN RIGHTS, IMPACT ASSESSMENTS, INCOME, INDIGENOUS PEOPLES, INSTITUTIONAL CAPACITY, INSURANCE, INTERNATIONAL FINANCE, INTERNATIONAL LAW, LACK OF EDUCATION, LAND RIGHTS, MACROECONOMIC SHOCKS, MACROECONOMIC STABILIZATION, MALNUTRITION, MARKET FAILURES, MARKET PRICES, MATERNAL MORTALITY, MERCURY, METALS, MINE CLOSURE, MINE DEVELOPMENT, MINE SITES, MINE TAILINGS, MINE WASTES, MINERAL EXPLORATION, MINERAL EXTRACTION, MINERAL RESOURCES, MINERALS, MINES, MINING DEVELOPMENT, MINING ENTERPRISES, MINING INDUSTRY, MINING INVESTMENT, MINING INVESTMENTS, MINING LEGISLATION, MINING PROJECT, MINING PROJECTS, MINING RIGHTS, MINING SECTOR, MISMANAGEMENT, NATURAL RESOURCE, NATURAL RESOURCE WEALTH, NATURAL RESOURCES, OIL, OIL COMPANIES, OIL INDUSTRY, OIL PRODUCTION, POLLUTION, POOR, POOR COUNTRIES, POOR HEALTH, POTABLE WATER, POVERTY ALLEVIATION, POVERTY ALLEVIATION EFFORTS, POVERTY ASSESSMENTS, POVERTY INDICATORS, POVERTY REDUCTION, PRIVATIZATION, PRODUCERS, PRODUCTION-SHARING AGREEMENTS, PROSTITUTION, PUBLIC GOVERNANCE, PUBLIC PARTICIPATION, PUBLIC RELATIONS, RECYCLING, REFINING, REGIONAL LEVEL, REGIONAL WORKSHOPS, REGULATORY FRAMEWORKS, REMOTE AREAS, REMOTE COMMUNITIES, REPUTATION, REPUTATION RISK, RESOURCE ALLOCATION, RESOURCE CURSE, RESOURCE EXTRACTION, RESOURCE REVENUES, RESOURCE-RICH COUNTRIES, RESOURCE-RICH STATES, REVENUE FLOWS, REVENUE MANAGEMENT, REVENUE SHARING, RURAL, RURAL DEVELOPMENT, RURAL FARMERS, RURAL HIGHLANDS, SAFEGUARD POLICIES, SAFEGUARD POLICY, SAFEGUARDS, SANITATION, SMALL-SCALE, SMALL-SCALE MINERS, SOCIAL CAPITAL, SOCIAL COSTS, SOCIAL DISRUPTION, SOCIAL IMPACTS, SOCIAL PROGRAMS, STRUCTURAL ADJUSTMENT, SUBSISTENCE, SUSTAINABILITY, SUSTAINABLE DEVELOPMENT, SUSTAINABLE LIVELIHOODS, TAILINGS, TECHNICAL ASSISTANCE, TOXIC MATERIALS, TOXIC SUBSTANCES, TRANSFORMING RESOURCE ENDOWMENTS, TRANSPARENCY, TRANSPARENCY OF PAYMENTS, UNECONOMIC MINES, UNEMPLOYMENT, VULNERABLE GROUPS, WASTE MANAGEMENT, WATER SUPPLIES,
Online Access:	http://documents.worldbank.org/curated/en/2003/12/19033556/striking-better-balance-vol-1-6-world-bank-group-extractive-industries https://hdl.handle.net/10986/17705
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