Inter-American Development Bank

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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