Description:
CONCLUSION:
Burma still lacks sound economic policy, and the state is unwilling to reconcile
with ethnic armed groups. Foreign direct investment in Burma is concentrated
in energy and extractive sectors and often results in militarization, displacement
and human rights abuses in ethnic areas. The facilitation and mobilization of
private investment is having and will continue to have a major impact on the
environment and communities, particularly in ethnic areas where the majority
of natural resources remain. Current foreign investment is not reducing
poverty but reinforcing the current power structures, and the vast majority of
citizens in Burma are excluded from the benefits of development.
Until the people of Burma can meaningfully participate in development
decisions, preconditions for responsible investment are in place, and adverse
impacts can be mitigated, then the ADB should refrain from any form of new
engagement with Burma. If they do engage (i.e., fund, facilitate, administer)
in Burma, the ADB must follow the International Financial Corporation?s
?Sustainability Framework,? and adhere to their own environmental and
social safeguard policies, including safeguards on Involuntary Resettlement,
Environment and Indigenous People, as well as the ADB?s Accountability
Mechanism and Public Communications Policy...
RECOMMENDATIONS:
Until the people of Burma can meaningfully participate in development
decisions, preconditions for responsible investment are in place, and adverse
impacts can be mitigated, then the ADB should refrain from any form of new
engagement with Burma.
If they do engage (i.e., fund, facilitate, administer) in Burma, the ADB must
follow the International Financial Corporation?s ?Sustainability Framework,?,
and adhere to apply their own environmental and social safeguard policies,
when they do engage, including safeguards on Involuntary Resettlement,
Environment and Indigenous People, as well as the ADB?s Accountability
Mechanism and Public Communications Policy.
If the ADB is involved in any future national development planning for
Burma, they must make sure it is based on proper needs assessments and a
participatory consultation process which ensures that it furthers the interest
of the people.
Source/publisher:
NGO Forum on ADB
Date of Publication:
2011-04-00
Date of entry:
2012-06-12
Grouping:
- Individual Documents
Category:
Language:
English
Local URL:
Format:
pdf
Size:
1.27 MB