Tag: Asian Development Bank

Answerable to no one

Just as China took a moment to enjoy Washington and Tokyo’s discomfort over Europe’s biggest economies declaring in favour of a new Chinese-led Asian investment bank, Washington and Tokyo took a moment to caution joiners to beware of governance standards. We say: beware of multilateral development banks in general.

Cancel the Xayaburi Dam

(May 6, 2011) The Save the Mekong coalition and its alliances have called for the halt of construction activity at the dam site and for the Government of Thailand to cancel its plans to purchase the dam’s electricity. Many groups from around the Mekong region have also called for cancellation of the Xayaburi Dam as it would jeopardize the livelihoods and food security of millions of people in the region.

The aid industry in Nepal — large budgets, large problems

(November 26, 2008) The Asian Development Bank, Chinese banks, and Indian firms are using foreign aid to build a mega-dam in Nepal where experts say an earthquake is likely. Nepal’s Federation of Water and Energy Users says the decision bypassed Parliament, violates the constitution and the human rights of Nepalese. Meanwhile, local micro-hydro operators are churning out cheaper, reliable, aid-free power.

Why consumers and citizens should pull the plug on the Asian Development Bank- part 1 of 2

(May 3, 2000) Without market discipline or public oversight, the ADB is a financial and environmental menace, providing a breeding ground for electricity investments that destroy the environment, create poverty, sink Asian citizens in debt, cost taxpayers in donor countries money, and deprive consumers of cheaper, better generating options.

WB blacklists Bhasha dam surveyors

(November 12, 2006) The World Bank blacklisting of Lahmeyer International has jeopardized the future of a dam scheme the company is working on in Pakistan; although widely reported by the media, Pakistan authorities say they need to verify the company’s debarment first before taking action. Work on the Bhasha dam project in Pakistan is in jeopardy now that the World Bank has blacklisted the German engineering firm, Lahmeyer International, after finding the company guilty of paying bribes in the multi-billion dollar Lesotho Highlands Water Project (LHWP).