In 2004, the World Bank Group concluded a multi-stakeholder review of its support for extractive industries in the fight against poverty. The Bank had commissioned three independent reviews. All three reports concluded that extractive industries can contribute to poverty reduction if done right and that World Bank Group involvement can positively influence industry standards.
The Bank Group’s management responded to the three independent reports’ recommendations with reforms to better ensure that projects contribute to sustainable development.
- Extractive industry investment projects now require disclosure of revenues.
- Projects’ development impacts are tracked more thoroughly.
- An advisory group has been established and reports of its meetings are made public, as are annual implementation progress reports.
- A revision of the World Bank’s Indigenous Peoples policy was approved in 2006, reflecting Bank efforts to strengthen local community participation in EI projects.
- IFC has updated its environmental and social performance standards also in 2006.
- To help develop capacity among small and local companies and build expertise among local communities, IFC has set-up a Community Development Fund (www.commdev.org).
The World Bank’s oversight body, the Board of Executive Directors consisting of representatives for all member countries, asked the World Bank to continue investments in oil and coal as they are critical for many developing countries. One independent report had recommended terminating support for such projects over time.
World Bank Group Extractive Industries Review Implementation Reports
World Bank Extractive Industries Review Advisory Group
- Terms of Reference
- Members and biographies
- Minutes, November 5-6, 2009
- Minutes, November 24-25, 2008
- Minutes, September 11-12, 2007
- Minutes, June 20-21, 2006
- Minutes, October 5-6, 2005
World Bank Group
Management Responses to Extractive Industries Reviews
Final World Bank Group EIR Management Response--Executive Summary (346 KB pdf)
Final World Bank Group EIR Management Response (Full Report, English [14 MB pdf], Arabic [302 KB pdf], Chinese [320 KB pdf], French [243 KB pdf], Russian [179 KB pdf], Spanish [229 KB pdf])
Español • Français• Русский• عربي • 中文
All comments received during the period in which the original draft was up for review were summarized in a compendium.
The Chairman's summary of the Board discussion is available here.
Management Response to OED/OEG/OEU Evaluation (298 KB pdf)
Management Response to CAO Report (136 KB pdf)
EIR Management Response Press Release (English) (French)
Extractive Industries Review Reports
Executive Summary (English / French / Russian / Spanish )
- Volume I: The World Bank and Extractive Industries (English / French / Russian / Spanish)
- Volume II: Stakeholders Inputs: Converging Issues and Diverging Views on the World Bank Group's Involvement in Extractive Industries (English / Spanish)
- Volume III: Annexes
Annex 1: EIR Background and Process
Annex 2: World Bank Group in the Extractive Industries
Annex 3: Industry's Views
Annex 4: Civil Society's Views
Annex 5: Governments' Views
Annex 6: Views of Academia and International Organizations
Annex 7: Literature Reviewed
- Volume IV: Workshop and Project Visit Reports
1. Report of the EIR Planning Workshop
2. Latin America and the Caribbean Workshop: Full Report and Executive Summary
3. Eastern Europe and Central Asia Workshop: Full Report and Executive Summary
4. Africa Workshop: Full Report and Executive Summary
5. Asia Pacific Workshop: Full Report and Executive Summary
6. Middle East and North Africa Workshop: Full Report and Executive Summary
7. Report of the Project Visit to Papua New Guinea
8. Report of the Project Visit to Chad-Cameroon
- Volume V: Final Workshop Report (English / French / Russian / Spanish ) and
Stakeholders Submissions or Comments (English / French / Russian / Spanish)
- Volume VI: Research Reports
1. The Role of Structural Reform Programs Towards Sustainable Development Outcomes
(Part I and Part II) by Heike Mainhardt-Gibbs, WWF.
2. Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions by Richard Everett, Associate for Global Change. (344 Kb pdf)
3. Extracting Promises: Indigenous Peoples, Extractive Industries and the World Bank by
E. Caruso, M. Colchester, F. MacKay, N. Hildyard, and G. Nettleton, Tebtebba Foundation, Forest People's Program and the Philippines Indigenous Peoples Links (PIPLinks). (768 Kb)
4. Community Perspectives on Extractive Industries by Ginger Gibson, CoDevelopment Canada. (1,144 Kb pdf)
5. Report on Stakeholders' Views on Artisanal and Small Scale Mining by Edmund Bugnosen, Bugnosen Minerals Engineering.(75 Kb)
6. Mining and Critical Ecosystems: Mapping the Risks by M. Miranda, P. Burris, P. Shearman, J.O. Briones, A. La Vina, and S. Menard, World Resources Institute. (629 Kb)
James Wolfensohn Response to NGOs; James Wolfensohn Response to Dr. Emil Salim ; Joint Statement from Messrs. Salim and Wolfensohn on Extractive Industries Review; WBG/Civl Society Meeting Transcript