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Inter-American Development BankInter-American Development Bank
Environment and Safeguards Policy -Environment and Safeguards Policy -
A Strategic OverviewA Strategic Overview
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A New Commitment toA New Commitment to SustainabilitySustainability
The goal:The goal:
Pursuing sustainability in our programs and operations and in Pursuing sustainability in our programs and operations and in promoting development that is environmentally and socially promoting development that is environmentally and socially sound in Latin America and the Caribbeansound in Latin America and the Caribbean
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The Process:The Process:
Environment Strategy Environment Strategy
Development of new Environment and Safeguards Development of new Environment and Safeguards Compliance PolicyCompliance Policy
A New Commitment to SustainabilityA New Commitment to Sustainability
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Environment StrategyEnvironment Strategy
Approved in 2003Approved in 2003
Shift away from environment as a sector to a Shift away from environment as a sector to a core pillar of development that enhances core pillar of development that enhances
sustainability outcomessustainability outcomes
Establishes mainstreaming environment as a Establishes mainstreaming environment as a cross-cutting dimension of social and cross-cutting dimension of social and
sustainable developmentsustainable development
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Environment Strategy: Environmental links withEnvironment Strategy: Environmental links with
Governance and Modernization of the StateGovernance and Modernization of the State
Social development Social development
CompetitivenessCompetitiveness
Regional integrationRegional integration
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Development of new Environment and Safeguards Development of new Environment and Safeguards Compliance PolicyCompliance Policy
Why a new Environment Policy ?Why a new Environment Policy ?
Enhancing development impact in the regionEnhancing development impact in the region
Keeping pace with advances and challenges of Keeping pace with advances and challenges of member countriesmember countries
Improving management of risksImproving management of risks
Consistency with international benchmarks in public Consistency with international benchmarks in public and private sectorsand private sectors
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What will the Policy and Guidelines achieve?What will the Policy and Guidelines achieve?
Clarity on what are the IDB’s environmental Clarity on what are the IDB’s environmental requirementsrequirements
Consistency in application of best practices.Consistency in application of best practices. Increase in the positive impact of development initiativesIncrease in the positive impact of development initiatives Enhanced value for clientsEnhanced value for clients More strategic investmentsMore strategic investments Greater alignment of Bank operations with IDB Greater alignment of Bank operations with IDB
sustainability objectivessustainability objectives Early anticipation and prevention to maximize benefits Early anticipation and prevention to maximize benefits
and minimize mitigation costsand minimize mitigation costs
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A5 Incorporating verifiable indicator
to track country- level environmental performance
A6Identifying and addressing
environmental risks and opportunities early in the
programming stage.
A7 The Bank will seek to adopt the principles of corporate
environmental responsibility
A2 Seeking greater and improved
investments in environment and natural resources management
A4 Supporting countries to meet agreed national obligations under ratified international environmental agreements
A3 Mainstreaming environment across non-environmental
operations
A1 Country Programming: Setting
strategic environmental priorities and goals and assessing enabling
conditions
Identify and address appropriate environmental provisions and Identify and address appropriate environmental provisions and capacity building in the context of programming activities, both for capacity building in the context of programming activities, both for public and private sector financing, focusing on enabling conditions public and private sector financing, focusing on enabling conditions for good environmental management.for good environmental management.
A. Mainstreaming EnvironmentA. Mainstreaming Environment
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B7 Policy-Based Loans & Financial Intermediaries
B6 Screening & Classification
B10 Category A & BSupervision
B16 Environmentally Responsible Procurement
B3In-Country Systems
B2Country Laws
B1 Bank Policies
B5 Hazardous Materials
B4 Cultural Sites & Conservation Areas
B9 Consultations
B15 CatastrophicDisaster Loans
B14 Co-financing Operations
B13 Multiple Phase Loans
B8 EARequirements
B12 Existing Facilities orOperations under Construction
B11 Regional & Transboundary Impacts
B. Safeguarding the EnvironmentB. Safeguarding the Environment
Apply an institution-wide safeguard and risk management process Apply an institution-wide safeguard and risk management process throughout the project cycle, with mandatory procedures and throughout the project cycle, with mandatory procedures and appropriate guidelines.appropriate guidelines.
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IDB IDB Environment and Safeguards Compliance PolicyEnvironment and Safeguards Compliance Policy
THANK YOU THANK YOU