Forests Sourcebook - HCV Resource Network

(v) coordinating across the Bank, including with International
Finance Corporation (IFC), Multilateral Investment
Guarantee Agency (MIGA), and World Bank Institute
(WBI) for better implementation of a unified strategy.
3. This policy was approved by the World Bank’s Board of
Executive Directors in 2003.
4. The World Bank Group includes the International
Development Association (IDA), International Bank for
Reconstruction and Development (IBRD), International
Centre for Settlement of Investment Disputes (ICSID), IFC,
and MIGA. Aggregate investment in the forest sector tends
to fluctuate from year to year because it can be heavily
skewed by one or two large projects. Such fluctuations
would be less if aggregate disbursements were tracked.
5. This sourcebook does not go into details, but the Global
Environment Facility (GEF) is an important partner in the
implementation of the Forests Strategy. In 2003–05, the
GEF provided US$186.1 million for 38 forest-related projects
implemented by the World Bank. The total value of
these projects was US$951.8 million. The number of World
Bank–implemented GEF projects has averaged 13 per year
since 2000. The average size of these projects has doubled
during the same period, from US$16.1 million to US$34.4
million.
6. For more details, please see the regional strategy (World
Bank 2007).
7. See Unlocking Opportunities for Forest-Dependent People
(World Bank 2006). It includes a policy report, policy dialogue,
and comprehensive dissemination that will guide
future World Bank lending in forestry. It is the basis for discussions
with the government of India on possible reforms
at the national and state levels. Important outcomes have
been the formation of a forestry donor’s forum, and highlevel
policy meetings with the Prime Minister’s Office and
the National Planning Commission.
8. These subjects have been the focus of Bank projects in
Bolivia, Colombia, Guatemala, Honduras, Mexico,
Nicaragua, Paraguay, and Peru.
REFERENCES CITED
Contreras-Hermosilla, A., and M. Simula. 2007. “The World
Bank Forest Strategy: Review of Implementation.” World
Bank, Washington, DC.
FAO. 2006. Global Forest Resources Assessment 2005. Rome:
FAO.
Stern, N. 2007. The Economics of Climate Change: The Stern
Review. Cambridge: Cambridge University Press.
White, A., and A. Martin. 2002. Who Owns the World’s
Forests? Forest Tenure and Public Forests in Transition.
Washington, DC: Forest Trends.
World Bank. 2004. Sustaining Forests: A Development Strategy.
Washington, DC: World Bank.
———. 2006. Unlocking Opportunities for Forest-Dependent
People—India. Delhi, India: Oxford University Press.
———. 2007. East Asia Region Forestry Strategy. EASRD
(Rural Development and Natural Resources. East Asia &
Pacific Region), World Bank, Washington, DC.
12 INTRODUCTION: OPPORTUNITIES AND CHALLENGES IN THE FOREST SECTOR