For NGO leaders, safeguards can make or break AIIB, BRICS bank

From left to right: IREX President Kristin M. Lord, Oxfam International Executive Director Winnie Byanyima, Columbia University’s Earth Institute Director Jeffrey Sachs and Global Water Partnership Chair Ursula Schaefer-Preuss. Photo from various sources.

Multilateral organizations are adapting to changing international development priorities by shifting from a growth-focused approach the past few decades to one more focused on sustainability — prioritizing people and the planet at the same time.

The World Bank and regional development banks are intent on aligning their programs with sustainability principles and goals, including reforming social and environmental safeguards policies so development is inclusive.