An International Finance Corporation (IFC, the Bank’s private sector arm) spokesman denied any involvement in the Aqua Zarca hydroelectric project and stated in an email that “IFC client, FICOHSA, is not providing funding for the Agua Zarca Dam” (see Update 86). Activists have been attempting to block the companies’ access since early April. In July the Lenca indigenous leader and COPINH member Tomas Garcia was shot and killed by the army near the project site. His son was also shot and injured in the incident. Several activists have been arrested, including COPINH member Berta Cáceres. Cáceres, who is still awaiting her final verdict, says that the protesters will continue blocking access to the dams construction site.
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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