Stakeholder Engagement and Consultation Process to Develop World Bank Group Framework and IFC Strategy for Engagement in the Palm Oil Sector
Update, April 1, 2011: The World Bank Group today announced the adoption of a World Bank Group Framework and IFC Strategy to guide future engagement in the global palm oil sector. The new framework and strategy were developed following extensive consultations with a wide range of stakeholders including environmental and social NGOs, farmers, indigenous communities, private sector companies, and governments.
In order to develop the new engagement approach, the World Bank Group suspended its new investments in the palm oil sector in September, 2009 to review lessons learned and to consult with stakeholders. With the adoption of the new Framework and Strategy, it is now lifting that suspension. More.
