Category: African Development Bank

Fire on the water

(April 25, 2014) Lake Turkana, the world’s largest desert lake, has held water for at least five million years and is also known as the cradle of mankind for its abundance of hominid fossils, but may now suffer the same dry fate as the Aral Sea in central Asia thanks to hydro-electric development that ties neighbours Ethiopia and Kenya together. Writer Ben Rawlence looks here at how regional power plays can work against accountability and how the complexity of large projects and the many actors involved with them militates against holding anyone to account.

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A troubling deposit at World Bank

(November 25, 1995) For 5O years government guarantees have allowed the World Bank and its sister development banks to amass the world’s riskiest loan portfolios. Three months ago, the weakest of these sisters, the African Development Bank, was downgraded. And now for the first time, the World Bank admits that many of its own loans can’t be paid back.