IslamicFinance.de

A group of Egyptian civil society organizations have submitted their recommendations to the World Bank as input to Phase 1 of the Social and Environmental Safeguard policy review process. The document was endorsed by many of the same organizations that pushed the Bank to hold a civil society consultation in Cairo since such a meeting had not originally been scheduled to take place. In the submission, the groups emphasized the need for transparency, shared responsibility and accountability between the Bank and borrowing governments, and the need for the Bank to align its standards with those of international standards and conventions, while remembering that safeguards should contribute to the Bank’s overarching goal of reducing poverty.