“…However, shortcomings of these approaches are evident if analyzed in the context of a sustainable development framework and when confronted with more complex issues that involve actors, values and interests other than the (often central) State-investor relationship, which pose questions of stricter standards of environmental protection, equity, social inclusion and local development. Some of these have been highlighted, from a range of perspectives, by a series of studies (see, for example, Campbell, 2004;Bastida, (unpublished), with regard to the delays and constraints in enacting a mine closure regime imposing financial sureties in Chile based on the decision not to impose higher costs on the investor; Hilson & Nyame, 2006, on the need to engage local communities on decisions on forest reserves in Ghana) and have only recently been implicitly acknowledged by and partially incorporated into World Bank documents (World Bank and ICMM, 2005). The extent of their application in legal reform remains to be seen.…”