Update | 30 September 2009
Info Brief: World Bank Environmental Policy Loan to BNDES
In November of 2008, the WB announced a US$ 1.3 billion development policy loan to the Brazilian National Bank for Economic and Social Development (BNDES). The DPL is the first operation in a series of two loans which span the period 2008-2010. In this article, we review the background and concerns associated with development policy lending since 2004, specifically the lack of transparency, accountability, and a clear public consultation plan. We then offer a detailed analysis of the Brazilian Sustainable Environmental Management (SEM) DPL. Civil society firmly believes that until practices of transparency and dialogue between the World Bank, the Brazilian government and civil society organizations are truly adopted, the laudable goals of the SEM DPL will not be achieved.
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