OXFAM INTERNATIONAL’S RESPONSE TO WORLD BANK’S MANAGEMENT RECOMMENDATIONS ON THE EXTRACTIVE INDUSTRIES REVIEW

“Oxfam strongly urges the Board of the World Bank to accept the recommendation to only support projects that have the broad acceptance of affected communities.                                                                                                                

However we want to see more explicit detail about how this would be carried out in practice.”                                     

The Bank’s resistance to pulling out of investing in extractive projects in conflict zones is not acceptable and we urge them to reconsider.

Its failure to follow the recommendation to phase out of coal and oil projects was widely expected and completely inadequate.”