By Michael Goldman * For the enormous power and global reach the World Bank has…
Threats of oil prices rises sparked protests in Nigeria in December.
The oil companies involved in the Chad- Cameroon oilfield and pipeline project have pulled out of the planned deal.
The President of the World Bank, James Wolfensohn, in Thailand in February for the UNCTAD meeting, refused to accept a letter from villagers affected by the Bank-backed Pak Mun Dam.
The World Bank said in late February that it would not guarantee the billion-dollar Nam Theun II dam in Laos until the government commits itself to significant political and economic reforms.
In late February two Ugandan organisations sent a strong memo to the World Bank about the proposed Bujagali Dam Project.
The impact of the East Asia crisis on private infrastructure projects has been comparatively little discussed.
A major beneficiary of World Bank-backed power sector reforms in India is US-based multinational company AES.
The World Bank is planning an independent review of its power sector reforms in India.
The World Bank has again delayed a decision on the Chad-Cameroon oil pipeline after further criticism from NGOs in Chad, Cameroon, Europe and the USA.