The Public-Private Infrastructure Advisory Facility (PPIAF), a World Bank-administered body that advises countries on water privatisation projects, is facing renewed challenges. On 22 May activists held an international conference in parallel to the PPIAF annual meeting in The Hague. Over 130 organisations signed onto an open letter to PPIAF donors calling for them: “to oppose the extension of PPIAF’s remit and instead to collaborate together to create a wholly new mechanism to support public-public partnerships in the water sector.” Building on Norway’s withdrawal in the spring (see Update 55), the Italian government responded to the letter by agreeing to stop its funding of the controversial entity.
22 May 2007
1 January 2007
World Bank & IMF in the news
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.