Modernizing IDB Environmental and Social Policies
From 1998 through 2010, the IDB adopted a series of environmental and social safeguards, that were established under five separate policies to help ensure that potentially negative environmental and social impacts were adequately assessed, managed, and mitigated in IDB operations.
In order to more effectively respond to the challenges faced by countries in the Latin American and Caribbean (LAC) Region, the IDB is updating its environmental and social policies to enhance environmental and social sustainability outcomes in our operations.
The modernization process will develop a new safeguards policy framework that incorporates both environmental and social aspects in an integrates policy. The team is preparing a draft policy framework which is expected to be submitted to the IDB Board of Directors by the end of October 2019 for public consultation.
The preparation stage of the modernization process will culminate in the development of the Environmental and Social Policy Framework (ESPF) in September 2020. The ESPF is expected to be implemented starting in 2021.
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