The Bank's Environment Strategy (GN-2208-4) is a guiding instrument whose fundamental objective is to attain greater effectiveness in the support that the Bank offers each of the borrower countries of Latin America and the Caribbean to achieve their sustainable development goals. The strategy sets forth guiding principles and general priority areas of action that the Bank would promote, on a cross cutting basis, in the context of the pipeline of operations agreed with each borrowing country. The four Bank priority areas ensuring the adequate treatment of the environmental dimension in each of them include: (1) Environmental governance and Modernization of the State seeking to develop and consolidate a framework for environmental management that is transparent, participatory and one that leads to the establishment of the right priorities related to sustainable management of natural capital and quality of the environment. (2) Environment and Competitiveness to help preserve and improve the quality and quantity of the natural resource base, recognizing that natural capital must complement human development and financial and physical capital to achieve competitiveness and sustainable economic growth objectives. (3) Environment and Social Development in order to contribute to the reduction of poverty conditions and increasing overall quality of life, recognizing that investments in environmental improvements as well as natural resources are sources of job creation and improved living conditions. (4) Environment and Regional Integration by promoting regional economic integration under the framework of regional environmental management.