The World Bank’s Approaches To Valuing Cultural Heritage

Summary

The World Bank provides loans, credits and technical assistance to governments of its client countries. The importance and value of cultural heritage on international, national and local levels are reflected in the Bank’s investment operations as well as in its Operational Policy 4.11 – Physical Cultural Resources. Investment for cultural heritage has totaled over four billion U.S. dollars in the past two decades. The Bank’s safeguard policy requires that an Environmental Impact Assessment identify cultural heritage that may be impacted by any development project, as well as the stakeholders who assign value to the heritage, and that measures for avoidance or damage mitigation be determined and included in the project’s management plan.

This Resource is Part of the Following Collections

• Society for American Archaeology 81st Annual Meeting, Orlando, FL (2016)   •
• Heritage Values in Contemporary Society

Keywords

Spatial Coverage