6th Floor, Woodrow Wilson Center

Development Banks and Sustainable Development in the Tropical Andes

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Over the past ten years, international development banks--the Development Bank of Latin America, Inter-American Development Bank, World Bank, and increasingly Chinese policy banks--have rapidly mobilized to fund new infrastructure projects in the Andean Amazon, a biodiversity hotspot that is home to sensitive watersheds as well as threatened indigenous communities. With over $70 billion committed to projects in the Amazon basin, this infrastructure boom dominated by Chinese investment offers both economic benefits and potential risks to local communities and the environment.

Over the last two years, a team of researchers from Boston University, the University of the Pacific in Peru, FLACSO in Ecuador, and INSEAD in Bolivia has explored whether the social and environmental safeguards put in place by international development banks to guide their lending practices have served to mitigate environmental and social risks, or whether they are triggering a race to the bottom in social and environmental standards.

The Wilson Center's Latin American Program and China Environment Forum hosted a discussion of the results of this two-year study to explore how development banks can ensure that their projects enhance sustainable development, protect the environment, and avoid social conflict in the Andean Amazon. 

 

Image Source:  Flickr

Speakers

Moderator

Panelists

Speakers

  • Janine Ferretti

    Chief of Environmental and Social Safeguards Unit, Inter-American Development Bank