The Environmental and Social Policy Framework (ESPF) aims to contribute to the IDB’s overarching objective of achieving sustainable development in Latin America and the Caribbean.The ESPF seeks to enhance the sustainability of the IDB-financed investment projects through the application of robust environmental and social risk management standards.
Lifecycle Phase(s): PrioritizationAuthorities decide which projects to realize and how to allocate resources., Project PlanningGeneral strategy for a project’s delivery is developed., Concept DesignTechnical experts broadly outline the project’s basic characteristics., FinanceDevelopers decide how to pay for their project., Detailed DesignTechnical experts further elaborate the Concept Design., ConstructionThe asset is constructed in line with design, budget and timeline.
Type(s) of Tool: GuidelinesOperationalize sustainability principles, less specific than Benchmarks or Rating Systems.

