The US Congress is putting pressure on the World Bank to preserve its social and environmental rules for projects in developing countries amid fears that the emergence of rivals backed by China may force it to weaken standards.
The World Bank is next year expected to wrap up a review of its safeguards, which were introduced in the 1980s in response to criticism of environmental damage and rights violations linked to bank-funded megaprojects.
But environmentalists fear rising competition from a new Brics bank and China-backed Asian infrastructure fund mean that review will inevitably lead to lower standards.
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