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Capping a two-year-long evaluation of the development impacts of the World Bank ...

Capping a two-year-long evaluation of the development impacts of the World Bank Group’s support for oil, mining, and gas projects worldwide, the Extractive Industries Review (EIR) has recommended that the World Bank adopt significant reforms, including doing more to reduce poverty, immediately ceasing funding for coal projects worldwide and phasing out its support for oil production by 2008. The Bank-sponsored review also recommends enhanced human rights protections, prior informed consent for project-affected peoples, and an end to support for destructive mining technologies. The EIR report is available on www.eireview.org
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