The World Bank is a source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. The World Bank is made up of two development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. They provide low-interest loans, interest-free credit and grants to developing countries principally for education, health, infrastructure, and communications.
Mine Closure
12/09/2008 3:44 pm
Mine closure is an important issue to many governments and to the mining industry. When a mine is closed there can be serious impacts on the local community. In many cases the mine has been a major economic player in the region providing substantial fiscal revenue and many social services to the local community. The closure of a mine raises concern about the ongoing environmental management of the mine, unemployment, and the continuation of social services (such as water, power, and health care) .
The World Bank Group has been active in mine closure through the coal mine restructuring operations in the Former Soviet Union and Central and Eastern Europe. These operations are generally concerned with both physical closure in an environmentally acceptable manner and with mitigating the social impact of closure on the workforce and community. (…) It is clear that planning for mine closure will not only help mitigate negative impacts but can also create opportunities to bring positive benefits to the local community (…).
Mine Closure
World Bank








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