In late December the World Bank approved the Bujagali dam, Uganda. This is a controversial project involving US power company AES. Ugandan and international NGOs have raised concerns that the dam is a bad economic deal which will not bring electricity to the majority of Ugandans. Alternative power sources have not been seriously analysed and the dam will destroy Bujagali Falls. Frank Muramuzi of Uganda’s National Association of Professional Environmentalists commented: “It is not obvious how supplying electricity at these rates in such a poor country will contribute to poverty reduction.”
Review maintains inadequate and inconsistent approach to economic and gender inequality, as well as climate change.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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