Opposing PVC, opposing IFC

The IFC is considering a US$20 million funding proposal for a polyvinyl chloride (PVC) plant in an industrial estate in Cuddalore, Tamil Nadu. Corporate Watch charges that "the process has been marred by irregularities, behind-the-scenes dealings and a lack of transparency. Local communities already suffer health problems and PVC is a known carcinogen". Villagers have succeeded in getting the loan decision delayed but the IFC says it still wants to fund the project as PVC pipes are a priority for developing India's water infrastructure.

Stop IFC Loan for PVC Factory, Corporate Watch

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

This page is: <http://brettonwoodsproject.org/art.shtml?x=16260>

Published: 17 September 2002 , last edited: 15 July 2003

Viewings since posted: 2223

Articles: 2324

CounterBalance, a new European coalition of development and environmental non-governmental organisations formed specifically to challenge the European Investment Bank (EIB), has launched its website. The EIB is the world's largest public lender. Find out more about it from CounterBalance.

“the Bank has "continued to endorse the same formula" of retrenchment and salary cutbacks "with similar lack of success"”

Newswire

IMF accused of 'sleeping on job' by Commonwealth finance ministers 9 October

Time to reform the IMF? 9 October

Senior figures call for new Bretton Woods ahead of Bank/Fund meetings 9 October

Un nouveau Bretton Woods 7 October

IMF and World Bank asked to change policies 7 October

IMF must bolster powers to oversee financial transactions and help prevent crises-ex-IMF chief 7 October

India raps IMF for 'ignoring' global financial crisis news 7 October

Experts urge IMF to include developing countries in re-write of financial rules 6 October

Opposing PVC, opposing IFC

Newswire

Latest video from IFIwatch.tv

Subscribe