UPDATE: World Bank Policies Harm Forests
The World Bank is seemingly unable to put its house in order regarding ensuring its funding does not damage forest and water ecosystems necessary for both ecological and economic sustainability. A new report – entitled “Broken Promises“ – says that the Bank has failed to implement its own Forest “Safeguard” Policy, adopted in 2002, and that not one of the conditions the Bank promised to fulfill has been met. Across the World ? from Cambodia to India, from Brazil to the Democratic Republic of Congo ? the World Bank continues funding projects that are destroying tropical forests.
Over the past several years Forests.org has been instrumental in highlighting the threat posed to the World remaining ancient forests by the Bank then proposed, and subsequently adopted, change in lending criteria – which once again allowed funding of industrial forestry in ancient rainforests. Just as predicted, World Bank forestry programs meant to “promote sustainable development” are threatening rainforests and harming their inhabitants. A new report detailed below found that “The World Bank has reverted to the bad old ways of the 1980s when forest destruction and the trampling of local communities was considered the price of development”.
The World Bank remains a dangerous organization that threatens global ecological sustainability like no other. This is simply unacceptable, and must not be left unanswered. Having once worked as a consultant in the belly of the beast, I have come to the conclusion that the Bank is probably irredeemable and may need to be smashed and dismantled.
A press release from the coalition that released the report:
Title: World Bank is contributing to destruction of world forests
Source: The Rainforest Foundation, Global Witness, CDM Watch, Down to Earth, Sinkswatch, Forest Peoples Programme, Environmental Defense, World Rainforest Movement
Date: April 11, 2005
A new independent report published today finds that programmes funded by the World Bank Group are causing destruction of the world remaining forests and harming poor people dependent on forests for their survival. The report – entitled “Broken Promises”  – says that the Bank has failed to implement its own Forest “Safeguard” Policy, adopted in 2002, and that not one of the conditions the Bank promised to fulfil has been met .
The report finds that: