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  2. Area of Work String: economic and social development
  3. Paragraph Number » Taxonomy term » Name: 55, 58
  4. Session: 12 (2013)
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Addressee: World Bank

Paragraph Number: 58
Session: 12 (2013)
Full Text:

The Forum also notes with concern that the World Bank’s operational policies, including its policy on indigenous peoples, have limited application, covering only investment lending and not other Bank operations. The Forum recommends that the outcome target of the Bank’s process to review and update its safeguards be a set of safeguards and follow-up mechanisms covering all finance instruments and all other Bank operations.

Area of Work: Economic and Social Development
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Addressee: IFIs

Paragraph Number: 55
Session: 12 (2013)
Full Text:

The Permanent Forum recommends that international financial institutions adopt and incorporate the right of indigenous peoples to free, prior and informed consent, without qualification, into their safeguard policies and project-related instruments. International financial institutions must ensure that their clients and borrowers engage in processes with indigenous peoples affected by bank-financed projects to secure their free, prior and informed consent.

Area of Work: Economic and Social Development