Category: World Bank (Foreign Aid)

World Bank caution to Tanzania criticised

These comments by Tanzanian economics professor Humphrey Moshi serve as quite an indictment of the wayward World Bank. When China — no stranger to poor practices itself — is your “saviour” from bad World Bank policies … The Daily News reports.

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MDB “knowledge” banks

Former IMF chief economist Kenneth Rogoff says “far too little attention has been devoted to understanding why multilateral development lending has so often failed”. In his experience, MDBs are most valuable as “knowledge” banks — sharing soft development infrastructure such as experience and best practices rather than financial muscle. The latter, he says, has led to their “greatest failures”.

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.

Kariba Dam collapse fears and disaster preparedness in Zimbabwe

(April 11, 2014) Experts say an aging mega-dam on the Zambezi River between Zambia and Zimbabwe is in imminent danger of collapse and poses a threat to 3.5 million people. Zimbabwe’s disaster preparedness was revealed as “extremely weak” earlier this year after torrential rains caused the partial collapse of the country’s Tokwe-Mukosi dam, which displaced thousands and forced the government to declare it a national disaster.

Business as usual for SNC-Lavalin subsidiary

(August 20, 2013) The World Bank and Canada’s Department of Foreign Affairs, Trade and Development have banned Canadian engineering giant SNC-Lavalin from bidding on aid contracts. But that hasn’t deterred the Canadian federal department of Public Works from awarding a lucrative defence contract to a subsidiary of the corruption-plagued SNC-Lavalin company.

Indigenous leader killed in resistance fight over Honduras mega-dam

(July 17, 2013) Tomás Garcia, a leader of the indigenous Lenca community in Honduras, was fatally shot on Monday, and his son Alan seriously injured, when members of the Honduran Army began firing indiscriminately at a demonstration protesting the construction of the 22-megawatt Agua Zarca Dam already underway on the Gualcaeque River in the country’s southwest. International Rivers reports.