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governance

publication

Investors face growing pressure to reduce the negative environmental and social impacts of their investments. In trying to do so they are confronted with the question of how to interact with governments in the countries where they invest.

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The World Bank has sought to reinvent itself in the face of a growing number of global development challenges, including economic uncertainty, political unrest, and the increasingly severe impacts of a changing climate.

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The global effort to save forests in developing countries, known as “REDD+,” would benefit from a set of tools that hold governments to account for their commitments. These accountability tools need to be integrated into national REDD+ programs.

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An important achievement of the moratorium is the creation of a much-needed window of opportunity to develop critical forest governance reforms. In May 2013, the moratorium was extended for an additional two years.

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