World Bank Mining Sector Policy

The World Bank's Mining Sector Policy aims to promote responsible mining practices that benefit economic growth while minimizing environmental and social impacts. It encourages collaboration between governments, businesses, and communities to ensure fair distribution of mining revenues, protect ecosystems, and respect the rights of local populations. The policy emphasizes sustainable development, promoting investments that foster long-term benefits rather than short-term gains, and supports capacity-building in developing countries to manage their mining resources effectively. Overall, it seeks to create a balanced approach to mining that contributes to poverty reduction and sustainable development.