Both ENDS
After months of lobbying of a group of NGOs, including Both ENDS, the United States Congress has opposed weakening of the investment criteria, the so-called ‘safeguards’ of the World Bank. The Congress sent a letter to the US Treasury, stating that the Banks’ social and environmental criteria for investments should not be weakened and the Treasury should oppose this. This is a great success for civil society organisations from around the world - including Both ENDS – which have been working for years to maintain and even improve the current investment criteria of the World Bank.
The Rutu Foundation and Both ENDS will both organise a lecture about Opportunities for Forest Protection and Conservation of Native Culture in the Lloyd Hotel in Amsterdam.
Indigenous hunter-gatherer tribes like the Negrito in the Philippines, the Penan in Sarawak and the Ghonds in India have a wealth of knowledge of the rainforest, their natural habitat, and biodiversity. The history of the Negrito tribe goes back at least 40.000 years. However, due to the construction of dams, plantations and deforestation, their livelihoods and the survival of their culture and traditions are at stake. For this reason, there is the risk of loss of their valuable knowledge of the rainforest and local biodiversity.
Both ENDS letter to the World Bank on the Environmental and Social Safeguards policies review. The World Bank safeguards review is part of a reorganization that aims at making lending cost-effective with less rules in place, which likely entails an increase in the number of problem projects. The reorganization aims at making lending
more cost-effective, forms in place. Safeguards policies are of crucial importance for project affected people to hold banks to account. However, Environmental and Social Frameworks (ESF) nowadays replace safeguards at banks. The ESF model leads to a reduction of a Bank's direct and mandatory role in overview, including due diligence, monitoring, and evaluation, of Bank funded activities and investments, along with a shift towards a greater reliance on client self-assessment and self-reporting. Our main ask is a return to binding, rules-based safeguards policies at banks.
