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Problems in Connection with the Efficiency of the World Bank Inspection Panel

Problems in Connection with the Efficiency of the World Bank Inspection Panel 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, http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Max Planck Yearbook of United Nations Law Online Brill

Problems in Connection with the Efficiency of the World Bank Inspection Panel

Max Planck Yearbook of United Nations Law Online , Volume 10 (1): 25 – Jan 1, 2006

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References (2)

Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
eISSN
1875-7413
DOI
10.1163/187574106X00092
Publisher site
See Article on Publisher Site

Abstract

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,

Journal

Max Planck Yearbook of United Nations Law OnlineBrill

Published: Jan 1, 2006

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