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Banking on the Environment: Multilateral Development Banks and Their Environmental Performance in Central and Eastern Europe (Global Environmental Accord: Strategies for Sustainability and Institutional Innovation)
Tamar L. Gutner
Hardcover. The MIT Press 2002-09.
ISBN 9780262072359
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Förlagets beskrivning
Multilateral development banks (MDBs) are increasingly expected to address
environmental issues in their economic development lending. Yet the banks have
been accused of failing to implement their own environmental policies, thereby
contributing to environmental degradation in borrowing countries. In this book
Tamar Gutner analyzes the environmental policies of three MSBs: the World Bank,
the European Bank for Reconstruction and Development, and the European
Investment Bank. She compares their performance in Central and Eastern Europe,
where the need for economic and environmental reform has been particularly
urgent, and where these MDBs are among the largest donors. Gutner finds many obstacles to efforts to "green" the three banks, most
notably a mismatch between the environmental mandates and existing patterns of
institutional design and incentives. The depth and scope of the banks' green
activities reflect the degree of shareholder commitment to environmental issues
and how demand-driven the MDB is designed to be. Surprisingly, the World Bank,
the most scrutinized and criticized of the three MDBs, has been rather more
responsive than its counterparts to its environmental mandate in the
region. The discussion is framed by larger explorations of the behaviour of
international organizations and the sources of their innovation and inertia in
addressing new policy issues. Gutner demonstrates the need to examine the
impact on different stages of the policy process on new mandates and to
incorporate both political and institutional variables when developing theories
about the behaviour of international institutions. In this text, Tamar Gutner analyzes the environmental policies of three
multilateral development banks: the World Bank, the European Bank for
Reconstruction and Development, and the European Investment Bank.
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Banking on the Environment: Multilateral Development Banks and Their Environmental Performance in Central and Eastern Europe
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