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Critical voices on the World Bank and the IMF
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World Bank’s controversial support for Inga 3 dam signals return to big hydropower projects
Despite serious concerns from communities and civil society organisations (CSOs), the World Bank’s executive board approved a $250 million loan to the Democratic Republic of Congo (DRC) on 3 June in support of the first phase of the long-delayed Inga 3 dam’s construction. The project, which was first proposed in 2014, has an estimated price…
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Alto Maipo: Harms endure due to MDBs’ lack of proper due diligence
World Bank and Inter-American Development Bank’s reactive independent accountability mechanisms cannot address harms caused by lack of proper due diligence in Alto Maipo.
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Local communities oppose planned dam construction supported by World Bank in Manipur
World Bank supports hydropower building spree in Manipur, threatening local communities’ livelihoods in the process.
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Civil society calls on IFC and other MDBs to stop financing damaging Balkan dams
A June petition signed by more than 120,000 people called on IFIs, “to immediately stop funding for projects that are located in protected areas.”
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IFC takes its first steps to address Bujagali dam complaints
IFC announces preliminary measures to address CAO complaints regarding Uganda’s Bujagali dam, as project receives WBG refinancing boost.
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Guatemala to pay reparations for World Bank funded Chixoy dam
The Guatemalan government has agreed to pay around $155 million in reparations to local indigenous communities who suffered human rights abuses as a result of the construction of the World Bank funded Chixoy dam
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Costly dams criticised
In March the Bank approved funding related to the controversial Inga 3 dam project in the Democratic Republic of Congo, while an academic study finds large dams often are neither cost efficient nor carbon neutral.
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Alto Maipo endangers Santiago water supply
Chilean civil society groups demand that a controversial hydroelectric project, which is projected to have a negative impact on environment and Santiago’s supply of drinking water, be reconsidered.
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World Bank says “stars are aligned” for large infrastructure
The World Bank, in conjunction with the G20, is reinvigorating its infrastructure focus, paying particular attention to leveraging resources from the private sector and investing in fragile and conflict affected states. It announced a return to big hydropower projects, despite continued concerns about projects in the Democratic Republic of Congo, Guatemala and Uganda.
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World Bank engaged in controversial Ethiopian dam?
In May, over 30 NGOs worldwide issued a letter telling IFIs, bilateral development agencies, and export credit agencies to stop investing in the Ethiopian hydropower project Gilgel Gibe III.
