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Tag Archives: World Bank

Shutting the Spigot on Private Water: The Case for the World Bank to Divest | Corporate Accountability International

‘Shutting the Spigot on Private Water’ is a landmark report that documents how the World Bank is driving global water privatization at a chilling human cost. With original financial analysis and powerful case studies, it demonstrates how the World Bank must divest from private water projects to align its actions with its stated mission of alleviating poverty and supporting sustainable ...

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Inclusive green growth or extractive greenwashed decay? | TripleCrisis

by Patrick Bond The debate over the Green Economy rages on next month in Rio de Janeiro, at the International Society for Ecological Economics meetings, the Cupulo dos Povos alternative people’s summit, and the UN’s Rio+20 Earth Summit. Proponents and critics of ‘green growth’ capitalism will butt heads using narratives about valuations of nature and the efficacy of markets. Boiling ...

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World Bank’s new president, review of EU aid, and seeing Dadaab as an asset | Liz Ford, guardian.co.uk

Advice for Jim Yong Kim, OECD gives its views on EU aid, and how Somalis in refugee camps could help Kenya’s development Last week, the World Bank appointed Jim Yong Kim as its new president. Kim was not a favourite for the post among Global development readers, trailing third behind first choice José Antonio Ocampo and Ngozi Okonjo-Iweala in our ...

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Campaigners claim World Bank helps facilitate land grabs in Africa | guardian.co.uk

Food shortages and rural deprivation exacerbated by World Bank policy, says NGO ahead of land and poverty conference The World Bank is helping corporations and international investors snap up cheap land in Africa and developing countries worldwide at the expense of local communities, environment and farm groups said in a statement released on Monday to coincide with the bank’s annual ...

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NGOs criticise World Bank’s new lending plan for poorer countries | guardian.co.uk

It’s couched in 60 pages of near-incomprehensible economic-speak, but a radical World Bank plan to set up a new way to lend money to developing countries is being called a potential disaster for indigenous peoples, the environment and human rights. The proposal, called A New Instrument to Advance Development Effectiveness: Programme-for-Results Lending (P4R), would lend money according to results achieved ...

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World Bank: ditch fossil fuel subsidies to address climate change | guardian.co.uk

Leaked World Bank documents propose that rich countries should eliminate the $50bn a year they give in fossil fuel subsidies, in order to financially help poor countries address climate change. The documents, due to be presented to the G20 finance ministers in November, also suggest that countries redirect “climate aid” money already pledged, towards the propping up ailing carbon markets. ...

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