PRESS RELEASE – High level officials from the World Bank and the Government of Saint Lucia will be meeting at the Palm Haven Hotel on November 5 & 6, 2015, for the purpose of reviewing the Bank’s update on social and environmental safeguards.
Currently, the Government of Saint Lucia and the World Bank are involved in the execution of the Disaster Vulnerability Reduction Project, DVRP. The US$60.8 million dollar initiative, is geared towards reducing the country’s risk to disasters in an era of climate change. Among the projects to be undertaken under the DVRP, are the rehabilitation of the Marchand River Wall, the reconstruction of the Choc Bridge, a National Wastewater Management Project and the construction of the Dennery Polyclinic.
The World Bank’s safeguard policies are the cornerstone of its efforts to protect people and the environment and to achieve its goals to end extreme poverty and promote shared prosperity in a sustainable manner in all partner countries.
The World Bank is updating the institution’s safeguard policies and proposing a second draft of a new Environmental and Social Framework (ESF) for Investment Project Financing. The proposed Framework aims to be the most advanced of its kind within the international financial community.
The World Bank represents a community of 188 countries with vastly differing characteristics and perspectives. Civil society stakeholders have expressed a wide range of views on how the World Bank should move forward in the safeguards review.
In that regard, the two-day workshop scheduled for Thursday October 5, and Friday October 6, 2015, at the Palm Haven Hotel, is intended to discuss the World Bank’s social and environmental safeguards so as to ensure that every initiative under the Disaster Vulnerability Reduction Project, DVRP, considers protection for the people and the environment.