The Statement outlines the standards that the Bank requires of the projects that it finances, and the responsibilities of the various parties. It provides a much greater sense of urgency about the problems of climate change, gives greater recognition to the importance of biodiversity, and, expands the section on the social dimensions of sustainable development.

The Statement outlines the standards that the Bank requires of the projects that it finances, and the responsibilities of the various parties. It provides a much greater sense of urgency about the problems of climate change, gives greater recognition to the importance of biodiversity, and, expands the section on the social dimensions of sustainable development.