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p. 5 of 21 BACK | NEXT Introduction: Looking ahead Past policies and operations Energy policies of 1981 and 1995 Review of energy sector operations in 1995–1999 Energy sector policies of other multilateral development banks Changing context of the policy review Future assistance in the changing context Conclusions

Energy 2000: Review of the Energy Policy of the Asian Development Bank : Past policies and operations

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Energy sector policies of other multilateral development banks

15. The World Bank’s operations in the energy sector have been directed by two policy papers published in 1993, namely, The World Bank’s Role in the Electric Power Sector: A World Bank Policy Paper and Energy Efficiency and Conservation in the Developing World: The World Bank’s Role. Currently, an energy strategy is being prepared mainly to realign the focus of the World Bank’s energy practices to poverty reduction. It is expected that the new strategy paper will be considered by the World Bank Board in early 2001. The Inter-American Development Bank has an operational policy for the energy and electric energy sector to guide staff and assist borrowing member countries. The objectives of the policy are (i) to efficiently meet the energy requirements of member countries derived by the process of socioeconomic development; (ii) to accelerate growth and diversification of the energy supply; and (iii) to foster energy conservation. The European Bank for Reconstruction and Development approved its Energy Operation Policy on 10 May 2000. The paper maintains the thrust of the previous policy and expands on how to achieve its objectives in light of the experience gained from the projects. In particular, the paper emphasizes the importance of promoting market development and the efficient use of primary energy, including improvements in conversion, transmission, distribution, and consumption.

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