IDB operational policies
The IDB Board of Directors has approved a set of standards that include social and environmental safeguards applicable to all Bank-Financed Projects and that make sustainability an integral part of the Bank’s work. These standards must be observed by all Bank personnel and serve as a guide for the identification of potential social and environmental impacts of Bank-Financed Projects.
These policies also establish the standards for informing and consulting with the region’s population that Bank-Financed Projects must meet. The purview of the MICI focuses on the areas relevant to its mandate.
As of October 2021, the Environmental and Social Policy Framework covers all safeguards that apply to IDB and IDB Lab. For projects approved before October 2021, these operational policies also apply:
- OP-102 Access to Information Policy
- OP-703 Operational Policy on Environment and Safeguards Compliance and Guidelines
- OP-704 Operational Policy on Natural Disaster Risk Management and Guidelines
- OP-708 Public Utilities Policy
- OP-710 Operational Policy on Involuntary Resettlement and Guidelines
- OP-761 Operational Policy on Gender Equality in Development and Guidelines
- OP-765 Operational Policy on ndigenous Peoples and Guidelines
The strategies, guidelines, procedures, or standards approved solely by Bank Management are not within the scope of the MICI’s work.
IDB Invest Operational Policies
Management of IDB Invest has established appropriate guidelines and procedures to facilitate the efficient processing of all transactions and the administration of institutional affairs. The purview of the MICI focuses on the areas relevant to its mandate.
The principal Relevant Operational Policies are:
- The Environmental and Social Sustainability Policy (approved in December 2020).
- Access to Information Policy.