Contextualising Development: Indigenous Rights-based Approach by Multilateral Development Banks
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Abstract
Indigenous peoples, as the most marginalised groups in all societies, are the ones most affected by development projects due to their small numbers, which precludes them from expressing their opposition or disapproval of a development plan. Their existing circumstances and needs are frequently overlooked in favour of the perceived benefits of a development plan, which is often decided without their knowledge or input even though evidence indicates that the failure to obtain their free, prior, and informed consent (FPIC) has resulted in unsustainable development projects.
Multilateral Development Banks (MDBs) have started adopting investment policies in accordance with international legal instruments that protect indigenous rights. This paper concludes that these policies have ultimately exerted an influence on the behaviour of countries and private sectors, which have been compelled to comply with international law leveraging the power of lenders. This, in turn, has the potential to render international norms governing the protection of indigenous rights effective, thereby enabling the achievement of sustainable development goals.
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