The $10 billion Red Sea-Dead Sea water conveyance project, a proposed 180 km pipeline and desalination plant in Jordan to transport water from the Red Sea to the Dead Sea (see Update 80, 77), was found to be technically feasible by a Bank-funded study released in January. The project, which aims to “save the Dead Sea from environmental degradation” and increase hydro-power whilst building “a symbol of peace” was criticised during the March public consultation period for its impact on water usage and the environment. NGO Friends of the Earth Middle East opposed the project, saying it “will not save the Dead Sea from environmental degradation”, instead “it threatens other critical natural and heritage resources in its path” and will induce “major Disneyland-style development”.
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Bretton Woods Project briefing on MDBs' fossil fuel investments and exposure to the carbon bubble
This factsheet explains how the International Finance Corporation (IFC) operates, how development impact is measured, and the latest trends in investments by sector, region and instrument.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).