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I. Introduction Today there is an urgent need for measures to control environmental pollution and to conserve resources. Furthermore, there is a need for continued economic growth worldwide. The question of achieving en- vironmental protection and economic growth at the same time is con- sidered to be very problematic. Any theoretical model of sustainable development depends on a solution to this problem. One of the important attempts to address environmental and eco- nomic problems simultaneously is the inclusion of provisions on envi- ronmental protection by the international financial institutions into their policies and procedures. In order to establish an independent con- trol of the fulfillment of these policies and procedures some institutions have established independent mechanisms. Examples are the Interna- tional Bank for Reconstruction and Development (IBRD - hereinafter World Bank), the Inter-American Development Bank (IDB), and the Asian Development Bank (ADB). This article analyzes the efficiency of a mechanism established by the World Bank, the World Bank Inspec- tion Panel. This mechanism provides a good example, considering that it was established back in 1993. With the aim of improving the effi- ciency of the Panel, possible reasons for the several problems which arise in the Panel's practice,
Max Planck Yearbook of United Nations Law Online – Brill
Published: Jan 1, 2006
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