extractos del informe borrador de la revisión de las industrias extractivas (rie), versión II
Summary
This document contains excerpts from a draft report by Friends of the Earth International (FoEI) reviewing the extractive industries (EI) and the role of the World Bank Group (WBG). It critiques the WBG's structural adjustment policies, its failure to protect indigenous peoples and local communities, and its insufficient approach to climate change and human rights in the context of mining, oil, and gas projects.
Key insights
- The World Bank Group's (WBG) policies of privatization, liberalization, and deregulation have often increased foreign direct investment from OECD-based transnational companies while leaving local communities and the environment highly vulnerable.
- Structural adjustment and sector loans from the WBG frequently undermine the ability of developing countries to protect the environment, workers' rights, and the livelihoods of the poor, sometimes resulting in social and environmental costs that exceed the benefits of extractive industry development.
- The WBG has failed to adequately apply safeguard policies for indigenous peoples; more than one-third of projects affecting these groups did not apply the policy, and 14% of those that did only had a 'Plan de Desarrollo de Pueblos Indígenas' on paper.
- To address climate change, the report recommends that the WBG implement a shadow price for greenhouse gas emissions, eliminate carbon-based fuel subsidies, and cease all financing for new coal mining or coal-using projects.
- The report highlights a critical 'legacy' of unaddressed human rights and environmental violations from past extractive projects, specifically noting acid rock drainage (ARD) as a severe environmental legacy affecting the poor.
- There is a significant imbalance in global trade where developing countries are pushed toward liberalization while industrialized nations maintain high customs duties on agricultural and value-added extractive products, leaving developing nations vulnerable to raw material price volatility.
- The report advocates for the formalization of artisanal and small-scale mining (ASM) to maximize a country's mineral potential and create employment, noting that when ASM operates outside the legal system, its social and environmental damages likely outweigh its benefits.
Cite the original document
- APA
- Friends of the Earth International (2003). extractos del informe borrador de la revisión de las industrias extractivas (rie), versión II. https://www.foei.org/wp-content/uploads/2020/12/RIE-extractos-listo.pdf
- Chicago
- Friends of the Earth International. extractos del informe borrador de la revisión de las industrias extractivas (rie), versión II. 2003. https://www.foei.org/wp-content/uploads/2020/12/RIE-extractos-listo.pdf.
- Wikipedia
- {{cite report |author=Friends of the Earth International |title=extractos del informe borrador de la revisión de las industrias extractivas (rie), versión II |date=August 2003 |url=https://www.foei.org/wp-content/uploads/2020/12/RIE-extractos-listo.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{friendsoftheearthinternational2003extractos, author = {{Friends of the Earth International}}, title = {{extractos del informe borrador de la revisión de las industrias extractivas (rie), versión II}}, institution = {Friends of the Earth International}, year = {2003}, month = aug, url = {https://www.foei.org/wp-content/uploads/2020/12/RIE-extractos-listo.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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