Guatemalan gold project gets financing

The World Bank's private sector arm, the International Finance Corporation (IFC), in June approved a $45 million loan to help Glamis Gold Ltd. develop a gold mine in western Guatemala. The mine is currently under construction and is expected to start production in 2006. The IFC said it will also help plan and implement the environmental and social programmes for the mine by working with the company, non-governmental groups and community leaders. Campaigners say that Glamis Gold has a "dismal record" on community rights.

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=62976>

Published: 27 July 2004 , last edited: 8 February 2010

Viewings since posted: 5968

Articles: 3365

Advanced article search
Search newswire and resources

Επίκεντρο η Ελλάδα (Articles in Greek)
http://www.brettonwoodsproject.org/el/
Με αφορμή την χωρίς προηγούμενο δραστηριότητα του ΔΝΤ στην Ελλάδα, το Bretton Woods Project παρέχει ορισμένα απο τα άρθρα του στα Ελληνικά.