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ADB Board Revises its IR policy |
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After considerable debate with NGOs and some members of the INDR, the Asian Development Bank's Board approved of its revised Safeguard Policy Statement, which includes the first revision of its involuntary resettlement policies since internal and external reviews found them woefully incapable of avoiding development-induced impoverishment. Earlier on, Ted Downing and Thayer Scudder had asked the Board to revise their policy in light of the research and previous Bank findings on involuntary displacement. See the revised policy and prepare to share your comments with the INDR group.
Note that under its policy principle, it states [emphasis added]
"Improve, or at least restore, the livelihoods of all displaced persons through (i) land-based resettlement strategies when affected livelihoods are land based where possible or cash compensation at replacement value for land when the loss of land does not undermine livelihoods, (ii) prompt replacement of assets with access to assets of equal or higher value, (iii) prompt compensation at full replacement cost for assets that cannot be restored, and (iv) additional revenues and services through benefit sharing schemes where possible. |
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Last Updated ( Monday, 12 April 2010 )
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