As a result of claims submitted by the Ugandan NGO, National Association of Professional Environmentalists, members of the World Bank’s Inspection Panel and the African Development Bank’s internal investigation arm visited Uganda to carry out an investigation into the Bujagali dam (see Update 56, 55) in November. This is the second time the Inspection Panel has investigated the dam, just below Lake Victoria on the Nile, for which the European Investment Bank has also approved funding. The matters under investigation include: hydrological risks, safety, cultural heritage, inadequate economic analysis, excessive costs, risks of climate change on hydro-power generation, and questions over the dam’s ability to meet growing electricity demands in the country.
21 December 2006
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.