An International Finance Corporation (IFC, the Bank’s private sector arm) spokesman denied any involvement in the Aqua Zarca hydroelectric project and stated in an email that “IFC client, FICOHSA, is not providing funding for the Agua Zarca Dam” (see Update 86). Activists have been attempting to block the companies’ access since early April. In July the Lenca indigenous leader and COPINH member Tomas Garcia was shot and killed by the army near the project site. His son was also shot and injured in the incident. Several activists have been arrested, including COPINH member Berta Cáceres. Cáceres, who is still awaiting her final verdict, says that the protesters will continue blocking access to the dams construction site.
16 September 2013
World Bank & IMF in the news
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.