Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-710-000"
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"en.20110215.33.2-710-000"2
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"Mr President, under the terms of its mandate, the World Bank is required to contribute to eradicating poverty in developing countries. All projects financed by the World Bank must have this aim. Even when financing a business project to invest in basic social services – health, education, access to water – this requirement must be met. If the World Bank makes combating poverty a priority, we can be satisfied that it is fulfilling the remit that we laid down.
The oral question that we are debating expresses grave reservations about funding petrol or coal-related projects. I would like to make a number of comments.
Firstly, the terms of reference for a World Bank-financed project must include the evaluation criteria to be applied from the outset. It must be clear what is to be evaluated and, consequently, the evaluation criteria need to be integrated throughout the project’s lifetime.
Secondly, political dialogue between the World Bank and its partner must consider political and economic governance, both in the country concerned and in relation to the lender.
Thirdly, where it is possible to promote renewable energies and the costs are justifiable, we need to favour this form of energy generation.
Fourthly, and here I need to thank Commissioner Piebalgs for having already addressed one of my concerns in his answer to Mrs Keller, the European Investment Bank already takes all these factors into account.
I can but hope that the World Bank will follow the example of others who have already adopted these priorities, not least the European Investment Bank. Given that the 27 Member States of the European Union are also members of the World Bank, we cannot claim to be without any influence on its policy.
I think that it would be well worth discussing combining forces within the World Bank with a view to resolving the issues raised by Mrs Keller. I would like to congratulate Mrs Keller on her excellent work."@en1
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