Inter-American Development Bank

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Inter-American Development Bank

• Environment and Safeguards Policy -
• A Strategic Overview

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A New Commitment to Sustainability

• The goal
• Pursuing sustainability in our programs and
  operations and in promoting development that is
  environmentally and socially sound in Latin
  America and the Caribbean

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A New Commitment to Sustainability

• The Process
• Environment Strategy
• Development of new Environment and Safeguards
  Compliance Policy

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Environment Strategy

• Approved in 2003
• Shift away from environment as a sector to a
  core pillar of development that enhances
  sustainability outcomes
• Establishes mainstreaming environment as a
  cross-cutting dimension of social and
  sustainable development

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Environment Strategy Environmental links with

• Governance and Modernization of the State
• Social development
• Competitiveness
• Regional integration

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Development of new Environment and Safeguards
Compliance Policy

• Why a new Environment Policy ?
• Enhancing development impact in the region
• Keeping pace with advances and challenges of
  member countries
• Improving management of risks
• Consistency with international benchmarks in
  public and private sectors

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What will the Policy and Guidelines achieve?

• Clarity on what are the IDBs environmental
  requirements
• Consistency in application of best practices.
• Increase in the positive impact of development
  initiatives
• Enhanced value for clients
• More strategic investments
• Greater alignment of Bank operations with IDB
  sustainability objectives
• Early anticipation and prevention to maximize
  benefits and minimize mitigation costs

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A. Mainstreaming Environment
Identify and address appropriate environmental
provisions and capacity building in the context
of programming activities, both for public and
private sector financing, focusing on enabling
conditions for good environmental management.
A2 Seeking greater and improved investments
in environment and natural resources management
A1 Country Programming Setting strategic
environmental priorities and goals and assessing
enabling conditions
A5 Incorporating verifiable indicator to
track country- level environmental performance
A4 Supporting countries to meet agreed
national obligations under ratified
international environmental agreements
A3 Mainstreaming environment across
non-environmental operations
A6 Identifying and addressing environmental
risks and opportunities early in the
programming stage.
A7 The Bank will seek to adopt the principles
of corporate environmental responsibility
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B. Safeguarding the Environment
Apply an institution-wide safeguard and risk
management process throughout the project cycle,
with mandatory procedures and appropriate
guidelines.
B3 In-Country Systems
B2 Country Laws
B1 Bank Policies
B7 Policy-Based Loans Financial
Intermediaries
B6 Screening Classification
B5 Hazardous Materials
B4 Cultural Sites Conservation Areas
B10 Category A B Supervision
B9 Consultations
B8 EA Requirements
B13 Multiple Phase Loans
B12 Existing Facilities or Operations under
Construction
B11 Regional Transboundary Impacts
B15 Catastrophic Disaster Loans
B16 Environmentally Responsible Procurement
B14 Co-financing Operations
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IDB Environment and Safeguards Compliance Policy

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