Forests Sourcebook - HCV Resource Network
Forests Sourcebook - HCV Resource Network
Forests Sourcebook - HCV Resource Network
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(v) coordinating across the Bank, including with International<br />
Finance Corporation (IFC), Multilateral Investment<br />
Guarantee Agency (MIGA), and World Bank Institute<br />
(WBI) for better implementation of a unified strategy.<br />
3. This policy was approved by the World Bank’s Board of<br />
Executive Directors in 2003.<br />
4. The World Bank Group includes the International<br />
Development Association (IDA), International Bank for<br />
Reconstruction and Development (IBRD), International<br />
Centre for Settlement of Investment Disputes (ICSID), IFC,<br />
and MIGA. Aggregate investment in the forest sector tends<br />
to fluctuate from year to year because it can be heavily<br />
skewed by one or two large projects. Such fluctuations<br />
would be less if aggregate disbursements were tracked.<br />
5. This sourcebook does not go into details, but the Global<br />
Environment Facility (GEF) is an important partner in the<br />
implementation of the <strong>Forests</strong> Strategy. In 2003–05, the<br />
GEF provided US$186.1 million for 38 forest-related projects<br />
implemented by the World Bank. The total value of<br />
these projects was US$951.8 million. The number of World<br />
Bank–implemented GEF projects has averaged 13 per year<br />
since 2000. The average size of these projects has doubled<br />
during the same period, from US$16.1 million to US$34.4<br />
million.<br />
6. For more details, please see the regional strategy (World<br />
Bank 2007).<br />
7. See Unlocking Opportunities for Forest-Dependent People<br />
(World Bank 2006). It includes a policy report, policy dialogue,<br />
and comprehensive dissemination that will guide<br />
future World Bank lending in forestry. It is the basis for discussions<br />
with the government of India on possible reforms<br />
at the national and state levels. Important outcomes have<br />
been the formation of a forestry donor’s forum, and highlevel<br />
policy meetings with the Prime Minister’s Office and<br />
the National Planning Commission.<br />
8. These subjects have been the focus of Bank projects in<br />
Bolivia, Colombia, Guatemala, Honduras, Mexico,<br />
Nicaragua, Paraguay, and Peru.<br />
REFERENCES CITED<br />
Contreras-Hermosilla, A., and M. Simula. 2007. “The World<br />
Bank Forest Strategy: Review of Implementation.” World<br />
Bank, Washington, DC.<br />
FAO. 2006. Global Forest <strong>Resource</strong>s Assessment 2005. Rome:<br />
FAO.<br />
Stern, N. 2007. The Economics of Climate Change: The Stern<br />
Review. Cambridge: Cambridge University Press.<br />
White, A., and A. Martin. 2002. Who Owns the World’s<br />
<strong>Forests</strong>? Forest Tenure and Public <strong>Forests</strong> in Transition.<br />
Washington, DC: Forest Trends.<br />
World Bank. 2004. Sustaining <strong>Forests</strong>: A Development Strategy.<br />
Washington, DC: World Bank.<br />
———. 2006. Unlocking Opportunities for Forest-Dependent<br />
People—India. Delhi, India: Oxford University Press.<br />
———. 2007. East Asia Region Forestry Strategy. EASRD<br />
(Rural Development and Natural <strong>Resource</strong>s. East Asia &<br />
Pacific Region), World Bank, Washington, DC.<br />
12 INTRODUCTION: OPPORTUNITIES AND CHALLENGES IN THE FOREST SECTOR
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