World Bank2014-04-102014-04-102003-12https://hdl.handle.net/10986/17708In July 2001, the extractive industries review (EIR) was initiated with the appointment of Dr. Emil Salim, former Minister of the Environment for Indonesia, as eminent person to the review. The EIR was designed to engage all stakeholders-governments, nongovernmental organizations (NGOs), indigenous peoples' organizations, affected communities and community-based organizations, labor unions, industry, academia, international organizations, and the World Bank Group (WBG) itself-in a dialogue. The basic question addressed was, can extractive industries projects be compatible with the WBG's goals of sustainable development and poverty reduction? The EIR believes that there is still a role for the WBG in the oil, gas, and mining sectors-but only if its interventions allow EI to contribute to poverty alleviation through sustainable development. And that can only happen when the right conditions are in place. This report makes major recommendations on how to restore the balance in the WBG - promote pro-poor public and corporate governance in the EI, strengthen environmental and social components of WBG interventions in these industries, respect human rights, and rebalance WBG institutional priorities. These recommendations have as the ultimate goal: to lift up civil society so it is balanced in the triangle of partnership between governments, business, and civil society; to raise social and environmental considerations so they are balanced with economic considerations in efforts at poverty alleviation through sustainable development; and to strive for a human-rights-based development that balances the material and the spiritual goals of life.en-USCC BY 3.0 IGOACCESS TO INFORMATIONADVISORY SERVICESADVOCACYAFFECTED PARTIESBANK CREDITBANK MANAGEMENTBANKSBUDGET ALLOCATIONBUDGET MANAGEMENTBUSINESS CENTERBUSINESS TRUSTSCAPACITY BUILDINGCDFCIVIL SOCIETYCLIMATE CHANGECO-OPCOALCOMMUNITY REPRESENTATIVECOMPANYCONFIDENTIAL INFORMATIONCONSENSUSCONSULTATIONCONSULTATION PROCESSESCONSULTATIONSCORPORATIONCORRUPTIONCREDIBILITYDEBTDECISION MAKINGDUE DILIGENCEECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC IMPACTECONOMIC POLICYECONOMIC SUSTAINABILITYECONOMISTSEDUCATION DEVELOPMENTEDUCATION FUNDEMISSIONSENVIRONMENTALENVIRONMENTAL CONTAMINATIONENVIRONMENTAL IMPACTSENVIRONMENTAL LIABILITIESENVIRONMENTAL MANAGEMENTENVIRONMENTAL SUSTAINABILITYEQUAL OPPORTUNITYEQUALITYEQUITY PARTICIPATIONEXPLOITATIONEXTRACTIVE INDUSTRIESEXTRACTIVE SECTORSFACILITATIONFACILITATORSFINANCESFINANCIAL ANALYSISFINANCIAL SUPPORTFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFORESTRYGENDERGOOD GOVERNANCEGUARANTEE AGENCYHIGH UNEMPLOYMENTHUMAN RIGHTSINDIGENOUS PEOPLESINSTITUTIONAL STRENGTHENINGINSURANCEINTEREST GROUPINTEREST GROUPSINTERESTED PARTIESINTERNATIONAL BANKINTERNATIONAL FINANCEINTERNATIONAL LABOURINVESTMENT VEHICLESJOB CREATIONLABOR UNIONSLACK OF KNOWLEDGELAND RIGHTSLAWSLEGISLATIONLIMITEDLISTENINGLIVING CONDITIONSLOANLOAN SYNDICATIONSLOCAL COMPANIESLOCAL GOVERNMENTLOCAL GROUPSMARKET DEVELOPMENTMETALSMINESNATURAL RESOURCESNUTRITIONOILOIL SECTOROPENNESSPARTICIPATION OF STAKEHOLDERSPARTNERSHIPPERSONSPOVERTY REDUCTIONPREPARATIONPRIVATE BANKSPRIVATE COMPANIESPRIVATE FUNDINGPRIVATE INVESTMENTPRIVATE PARTNERSHIPSPRIVATIZATIONPRODUCERSPRODUCTION COSTSPROJECT IMPLEMENTATIONPUBLIC GOODPUBLIC POLICYPUBLIC SERVICESRECLAMATIONRECONSTRUCTIONRECYCLINGREGULATORY FRAMEWORKSRENEWABLE RESOURCESSMALL COMPANIESSMALL ENTERPRISESSOCIAL DEVELOPMENTSOCIAL FUNDSSOCIAL PROTECTIONSOCIAL RESPONSIBILITYSOCIAL RIGHTSSOCIAL SERVICESSOCIAL STANDARDSSTAKEHOLDERSTAKEHOLDERSSTOCK MARKETSSUSTAINABLE DEVELOPMENTTAXATIONTECHNICAL ASSISTANCETESTIMONIALSTRANSPARENCYTRANSPORTTRUSTSUNIONURBAN DEVELOPMENTVILLAGEWATER SUPPLYWELFARE INDICATORS10.1596/17708