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.
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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