What Are the World Bank Safeguards?
The safeguards are rules that the World Bank must follow when it creates and carries out its projects. For example, to receive a loan to build a dam, a borrowing country may have to conduct an environmental impact assessment. The assessment is a report that explains all of the risks to the local community and the natural environment.
The environmental assessment policy was the World Bank’s first safeguard. It helps the World Bank identify risks before a project is carried out so it can avoid harming people or the environment. Over the years, the World Bank has adopted more safeguards that help to avoid many different kinds of harms, including policies on indigenous peoples and natural habitats.