Recursos

World Bank controversial Program-for-Results (PforR) proposal raises alarm bells

In March 2011, the World Bank launched a controversial proposal that would allow projects within so-called programmatic loans to borrower countries to go ahead without application of the Bank’s specific safeguard policies. Civil society organisations and indigenous peoples have raised major concerns about this initiative, which they fear in its current form would reduce the accountability of World Bank finance and could trigger a worldwide race to the bottom in social and environmental standards among multilateral and regional development banks.