Interviews
ADB consults Pacific on safeguard policy update
29 Jan '08
3 min read
The Safeguard Policy Update was initiated in 2005 to improve the effectiveness of ADB's safeguard policies and enhance their relevance to changing client needs and ADB's new lending products. ADB's policies require that projects financed by ADB avoid harm to people and the environment, and where avoidance is not feasible, minimize, mitigate and/or compensate for adverse impacts of these projects.
The consultation draft of the proposed Safeguard Policy Statement brings the three existing safeguard policies under the same umbrella, allowing ADB to adopt a more holistic approach to ensuring that affected persons, communities, and the environment are fully protected.
A new feature of the proposed Safeguard Policy Statement requires ADB borrowers to establish local grievance mechanisms and strengthen disclosure of information to affected persons. The consultation draft also emphasizes the need to strengthen existing country safeguard systems and establishes strict criteria to determine whether these may be applied to ADB-financed projects.
The consultation draft also proposes to increase the scope of the environmental safeguards coverage, leading to a more comprehensive set of principles and requirements. It introduces explicit principles and requirements on biodiversity protection, pollution prevention and abatement including climate change considerations, and physical cultural resources, as well as key elements of the environmental assessment process.
ADB provides a mixture of loan and grant financing, and technical assistance to its 14 Pacific developing member countries. The consultative meetings in Sydney follow similar meetings recently held in Central and West Asia, Philippines, South Asia, and for indigenous peoples organizations in Asia. More consultations are planned over the coming months.
The consultation draft was posted on ADB's Web site in October last year for comments until April 2008. After the consultations, a draft policy will be prepared and made available for additional comments.
The consultation draft of the proposed Safeguard Policy Statement brings the three existing safeguard policies under the same umbrella, allowing ADB to adopt a more holistic approach to ensuring that affected persons, communities, and the environment are fully protected.
A new feature of the proposed Safeguard Policy Statement requires ADB borrowers to establish local grievance mechanisms and strengthen disclosure of information to affected persons. The consultation draft also emphasizes the need to strengthen existing country safeguard systems and establishes strict criteria to determine whether these may be applied to ADB-financed projects.
The consultation draft also proposes to increase the scope of the environmental safeguards coverage, leading to a more comprehensive set of principles and requirements. It introduces explicit principles and requirements on biodiversity protection, pollution prevention and abatement including climate change considerations, and physical cultural resources, as well as key elements of the environmental assessment process.
ADB provides a mixture of loan and grant financing, and technical assistance to its 14 Pacific developing member countries. The consultative meetings in Sydney follow similar meetings recently held in Central and West Asia, Philippines, South Asia, and for indigenous peoples organizations in Asia. More consultations are planned over the coming months.
The consultation draft was posted on ADB's Web site in October last year for comments until April 2008. After the consultations, a draft policy will be prepared and made available for additional comments.
Asian Development Bank
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
