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Statement by World Bank Vice President for Environmentally and Socially Sustainable Development (ESSD), Ian Johnson

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“In the forest sector, corrupt and illegal forest activities directly undermine the World Bank's objectives of poverty reduction, sustainable development and environmental protection.”

Poor governance and corruption undermines economic and social development by weakening the rule of law and the institutional foundation on which economic growth depends. The consequences can be devastating for developing countries, as investment and growth are deterred, the effectiveness of public institutions are undermined, trust in the state eroded, and incentives are created to unsustainably exploit natural resources further depleting our environmental assets.
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Document Type: Research Article

Publication date: 01 September 2003

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