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.
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.
The IFC’s push for the PPP model, as well as its preference for healthcare ‘provision’ and the results-based payment approach, collectively undermine the human right to universal healthcare and the achievement of the SDGs.
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