Two recent publications by NGO International Rivers unearth how the legacy of past World Bank dam projects remains unaddressed and find that the Bank lacks the necessary tools to address the social and environmental legacy of its dam projects. The World Bank’s big dam legacy examines Bank failures in relation to past and current dam projects, and makes recommendations on each. Shattered lives and broken promises assesses the Bank-funded Pakistan National Drainage Programme (see Update 55) and finds serious shortcomings in relation to the management action plan initiated following the report by the Bank’s Inspection Panel which found violations of six safeguard policies in southern Sindh province.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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