| The Extractive Industries Review (EIR) was launched by the World Bank Group in 2001 to discuss its future role in the extractive industries with concerned stakeholders. The aim of this independent review was to produce a set of recommendations that will guide involvement of the World Bank Group in the oil, gas and mining sectors. The discussion was taking place within the context of the World Bank Group's overall mission of poverty reduction and the promotion of sustainable development. The Final Consultation Report closing the EIR process was presented by Dr. Emil Salim (the Eminent Person heading the process) to the President of the World Bank at the end of December 2003. This independent stakeholder report is the final part of a multi-year appraisal process in which civil society, industry and government stakeholders were involved. On January 23, 2004 the World Bank issued a statement welcoming the completion of the Final Consultation Report, and commended Dr. Emil Salim for his leadership in preparing the review. Bank management is currently in the process of preparing a draft response to Dr. Salim's report, and will be discussing this with a subcommittee of the Bank Group’s board of executive directors, the Committee on Development Effectiveness (CODE).  Following that, the full Board of Executive Directors, which represents the 184 shareholder nations who are members of the WBG, will review the final Management Response and determine which policy, procedural, and institutional proposals should be accepted. A wide-ranging reform proposal for the World Bank Group’s activities in the extractive industries - draft World Bank Management Response to the EIR - was released by the Bank on June 18, 2004. The proposal, released at the request of the Board of Executive Directors, was available for public comment until July 19, in order to have the benefit of additional views before the Board considers the substance of the draft. The Board of the World Bank Group considered on August 3, 2004 management’s response to the Extractive Industries Review and internal reports on the Bank’s Group’s investments in the extractive industries – oil, gas, and mining – and broadly agreed that it represented a balanced way forward for the Bank Group.
NEW !!!  September 30, 2004 - Final World Bank Group EIR Management Response (Full Report, English) (14 MB pdf) August 3, 2004 - World Bank Group Board Agrees Way Forward on EIR
Board members expressed a wide range of views on specific issues in the draft management response and, in response, management agreed to refine language on some issues and submit a final version of the text in the next few weeks. In addition, a Chairman’s Summary of the Board discussion will be released. July 15, 2004 Videoconference Discussion with CSOs on the Draft WB Management Response to the EIR - At this final stage of the EIR process, to complement the numerous face-to-face discussions, as well as the electronic method of seeking comments and proposals, WB EIR team and the Civil Society Team organized a multi-country VC meeting with CSO representatives from Czech Republic, Georgia, Poland and the UK. The discussion provided an opportunity to the EIR team to hear from interested CSOs their views on the draft World Bank Management response, before it is finalized and sent to the Board. CSO participants shared their concerns and outlined, what in their views were the weaknesses of the draft Response. The team took full note of the comments received and passed these on to the Bank's Board. (Summary of the discussion)
June 18, 2004Â Draft World Bank Group Management Response to the EIR
A wide-ranging reform proposal for the World Bank Group’s activities in the extractive industries--oil, gas, and mining--was released by the Bank on June 18. The proposal was available for public comment for 30 days.Â
Transcript of Civil Society meeting with World Bank Group senior management, April 22, 2004 June 2, 2004Â Â World Bank Announces Targets, Calls for Partnerships on Renewable EnergyÂ
The World Bank Group (WBG) announced that it will commit to an average growth rate of 20 percent per year over the next five years in its annual financial commitments for renewable energy and energy efficiency projects.
April 19, 2004Â Â Joint Statement from Messrs. Salim and Wolfensohn on Extractive Industries Review
On March 2, 2004 World Bank President has decided to temporary delay submitting the management respond. In his letter to Dr. Salim, Mr. Wolfensohn stressed that more time is needed to consider all the EIR report's findings and assess further the positions of all stakeholders. A meeting with Dr. Salim was proposed for the 19 or 20 April, 2004.
Useful links:
International Finance Corporation Oil, Gas, Mining, and Chemicals website
Extractive Industries Review website
Final Consultation Report
Civil Society Views on the EIR website
Last updated: October 1, 2004 |
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