Environment

The environmental mission of the Bank is to integrate environmental concerns into the assessment procedures of Bank financed operations and to be an effective intermediary and interlocutor for the provision of environmentally clean technologies in a cost-effective and economically feasible manner. The ultimate objective of the Bank is the promotion of sustainable development and the progression towards prosperity of member countries. The Bank will encourage prospective clients to undertake measures aimed at reducing energy intensity and promoting energy efficiency. The Bank will give special attention to preservation of natural conditions and pollution prevention of ground water, wetlands, coastal areas, natural parks and protected areas, forest resources, fisheries and wildlife, and in particular will seek to prevent any further pollution of the Black Sea. The Bank will ensure that at a minimum the projects financed by the Bank are environmentally neutral.