On 31 January, the IFC approved a $125 million loan to Newmont Mining Corporation for the development of the Ahafo gold mine project in western Ghana. Ghanaian and international NGOs say the project has displaced 9,500 people and will displace a further 20,000. A number of people have been injured over compensation rows. Environmental concerns include depleted groundwater, contamination of water sources, and threats to biodiversity. “Newmont has not addressed the community concerns. Instead it has spent resources on research to support its public stance that the community problems are nonexistent”, said Daniel Owusu-Koranteng, executive director of the Wassa Association of Communities Affected by Mining.
After 4 years of on-off negotiation and public opposition, the government of Egypt has signed a loan deal with the IMF whose impacts civil society fears will encroach upon human rights, social protection and social provision, like health and education, upon which the poorest depend.
Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.
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