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Views from the Center

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New Approach to Managing Environmental and Social Risks in World Bank Programs

On Thursday, August 4, the World Bank’s Board of Executive Directors approved a new “Environmental and Social Framework” for bank-financed investment projects. While the new policy framework has cleared the hurdle of Board approval, many questions remain. Will the new framework succeed? Will it enhance country capability and commitment to managing environmental and social risks? And will it reduce the bureaucratic hassles associated with bank lending and bolster demand?

B-Span and a Broader Vision of Public Information from the World Bank

This is a joint post with Michele de Nevers.

The World Bank’s expanding public information mandate is the focus of Stephanie Strom’s excellent article in Saturday’s New York Times. During Robert Zoellick’s tenure as the Bank’s president, he has promoted free public access to databases that formerly required a paid subscription, such as the World Development Indicators, or were simply unavailable (such as detailed information on the location, design, objectives and performance of Bank projects). We have no doubt that this excellent initiative will be a boon to development analysts and scholars worldwide.