The World Bank Group's (WBG)safeguards and sustainability policies were put in place toprevent or mitigate adverse impacts of its projects onpeople and the environment. These goals remain criticalgiven current environmental and social trends. Recent globalexperience in the financial and environmental arenasdemonstrates clearly the need to put in place and enforceregulatory frameworks that balance costs and benefits, bothprivate and social. This evaluation looks, for the firsttime, at the full set of safeguards and sustainabilitypolicies used in the WBG including the World Bank, theInternational Finance Corporation (IFC), and theMultilateral Investment Guarantee Agency (MIGA). Thefindings are intended to inform ongoing reviews of policiesand strategies across the WBG, with an eye toward greatereffectiveness in achieving environmental and social outcomes.