Indian NGO Manthan Adhyayan Kendra has updated its book Water: Private, Limited. Covering developments since 2002, the book states, “until a few years back the World Bank and other international donor agencies were promoting privatisation as ‘the magic potion’. Now there is a more defensive language on privatisation. However, it would be wrong to see in this a rejection or reversal of the privatisation process.” In the Bank’s strategies for India, it finds pressure for private sector participation and commodification of the right to water. It calls for alternatives such as public sector reform and recognition of the fundamental right to water.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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