Resource-based African Development Strategy - Partnership to Cut ...
Resource-based African Development Strategy - Partnership to Cut ...
Resource-based African Development Strategy - Partnership to Cut ...
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RADS• The "Equa<strong>to</strong>r Principles“: A financial industry benchmarkfor determining, assessing and managing social &environmental risk in project financing• The Equa<strong>to</strong>r Principles Financial Institutions (EPFIs) haveadopted the Principles in order <strong>to</strong> ensure that the projectsthey finance are developed in a manner that is sociallyresponsible and reflect sound environmental managementpractices.• Over 50 Banks have joined (mainly 1 st World).• These Principles are intended <strong>to</strong> serve as a commonbaseline and framework for the implementation by each EPFIof its own internal social and environmental policies• Disadvantages: Mainly 1 st World driven (WB/IFC & NGOs)and 1 st World concerns (don’t look at the developmentalimpact)<strong>Resource</strong>-<strong>based</strong> <strong>African</strong> <strong>Development</strong> <strong>Strategy</strong>
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