Cooperation of World Bank Group with the States and its Legal Consequences on Environment Protection

Abstract

Economic activities and attempting to improve them along with the formation of industrial developmental plans in developing countries have exposed environments of these countries to noticeable concern. Formation of international institutes and organizations for the protection of environment has also boosted this concern. Among these institutes mention can be made of World Bank, which has been created for the aim of development of economic growth and development of developing countries. All of these activities together ignite the concern of damaging the environment. The present study was an attempt to investigate legal consequences and the role of World Bank Group, including International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and International Development Association (IDA), on environment. Moreover, it attempted to study what effects formation of this group has had on protection of environment from the point of view of law.