Tuesday, July 2, 2013

Natural Justice Submits Letter to US Secretary of the Treasury Regarding World Bank Safeguard Policies

Natural Justice, along with several other organizations, endorsed a July 1, 2013 letter to US Secretary of the Treasury Jacob Lew regarding the ongoing review and update of the World Bank safeguard policies. The letter asks Secretary Lew, who is responsible for the management of the United States’ interests in the World Bank, to support four threshold issues during an upcoming World Bank Board meeting on July 23, 2013 where the safeguards review will be addressed. These threshold issues include: The safeguard policies and procedures, to avoid weakening, must continue to be based on mandatory, detailed, enforceable, time-bound requirements; the Bank’s Board needs an informed basis for making decisions on the scope of application of the safeguard policies; the review must continue to focus attention on the emerging areas identified by the Bank; and the updated safeguards must be accompanied by a detailed implementation plan.

No comments: