Environmental and Social Quality Assurance for Globally Financed Developmental Cooperation - (Pages 17-39)

Gilbert Ahamer

Wegener Centre for Climate and Global Change, Karl-Franzens University, 8010 Graz, Austria

DOI: https://doi.org/10.31907/2617-121X.2019.03.02.3

Abstract: Today in our rule-based societies, higher education providers use sets of quality criteria for defining, implementing and monitoring quality on the level of individual learning. Equally, in the domain of “collective learning”, such compliance has to be guaranteed: the world’s international financial institutions (IFIs) and their “environmental and social quality criteria” are here seen as a lever for society to master the new challenges of climate change in a worldwide environment full of competitors, and competing paradigms.

First, infrastructure projects (such as powerplants, dams or waste management plans) proposed to IFIs are urged to satisfy Quality Assurance criteria to improve their operations. Second, they must satisfy the society’s needs for lifelong employability. Third, they have to enhance a respectful economic culture through leading to competency-based societal build-up.

The deeper meaning of an IFI is to support materialisation of societal values. For selecting submitted projects, IFIs use appraisal procedures with quality criteria on environment and climate change.

Keywords: Project quality criteria, environmental criteria, social criteria, rule-based society, International Financial Organisations, IFIs, infrastructure projects, Central Asia, environmental quality criteria, social quality criteria, European Investment Bank, European Bank for Reconstruction and Development, World Bank, Asian Development Bank.