Digital Commons @ American University Washington College of Law
Abstract
Over the past thirty years, the World Bank and the Inspection Panel have had a supportive relationship regarding the principle of accountability, particularly as applied to the field of development finance operations and the role and responsibility of the Bank as a multilateral public sector financial institution. This relationship has been apparent in at least three key aspects: i) following the Bank’s lead, many development institutions around the globe have taken steps to improve their own accountability and developed independent accountability mechanisms (IAMs) modeled on the Inspection Panel; ii) the Bank and other development institutions have been supporting the development of stronger and more comprehensive environmental and social policies for which they hold themselves to account; and iii) there has been steady growth in the availability and breadth of grievance services and mechanisms, at the management and project level, to help implement policy requirements and resolve issues for affected peopl
