extractos del informe borrador de la revisión de las industrias extractivas (rie), versión II
Summary
The document argues that the World Bank Group's (WBG) policies of privatization and structural adjustment in the extractive industries (EI) often prioritize foreign investment over the rights of local communities and environmental protection. It highlights systemic failures in applying safeguard policies for indigenous peoples, the marginalization of women, and the persistence of 'legacy' environmental and human rights abuses. The text calls for a transition toward renewable energy, the adoption of Free, Prior and Informed Consent (FPIC), and the implementation of mandatory transparency mechanisms for revenues to mitigate poverty and corruption.
Key insights
- The World Bank Group's (WBG) structural adjustment policies and promotion of privatization, liberalization, and deregulation have frequently increased the vulnerability of local communities and the environment, often undermining a country's ability to protect workers' rights and the poor.
- Extractive industry projects supported by the WBG often result in negative impacts that outweigh the benefits for poor developing countries, as profits frequently flow to remote countries rather than local populations.
- The WBG has failed to consistently apply safeguard policies for indigenous peoples; over one-third of affected projects 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 document recommends that the WBG stop financing new coal mining and projects using coal, use natural gas as a bridge fuel for the transition to renewables, and implement a shadow price for greenhouse gas emissions.
- There is a critical need for the WBG to adopt mandatory transparency mechanisms for extractive revenues to combat corruption and ensure poverty mitigation, supporting initiatives like EITI and PWYP.
- The 'legacy' of past extractive operations, specifically acid rock drainage (ARD) and unaddressed human rights violations, continues to cause socio-economic and environmental harm and fuels distrust in sustainability initiatives.
- The document advocates for the formalization of artisanal and small-scale mining (ASM) to improve the livelihoods of miners and reduce social and environmental damage associated with illegal operations.
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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