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.
(July 30, 2013) Lawmakers in the UK say the country is handing out billions of dollars in foreign aid without knowing how it is spent.
(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.
(December 17, 2010) U.S. Sen. Dick Lugar announced today that criminal prosecution of firms and individuals caught defrauding the World Bank and the other multilateral development banks is an important deterrent, but use of this tool varies widely among the banks.
(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.
(November 7, 2008) Hundreds of villager continued their protests Thursday over their exclusion from the Asian Development Bank’s emergency food distributions in 200 communes around the Tonle Sap Lake and in Oddar Meanchey province, human rights workers said.
(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.
(December 10, 2007) Eight countries have signed an agreement to spend $18.7 billion on roads and railways linking central Asia to China and Europe, Financial Times reports.
(April 19, 2007) A planned survey to check the economic pulse of fishing communities
(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).
(October 8, 2004) There is no evidence that the government [of Lao PDR] has the capacity to manage the significant economic, social and environmental risks of
(August 26, 2003) With reference to the attached August 1st 2003 letter from ADB external relations specialist, Bart Edes, to Russell Peterson, NGO Forum on Cambodia, the ADB appears to be refusing to disclose the Se San 3 Hydropower Project Environmental Impact Assessment (TA 3222-VIE) dated February 2001.
(June 4, 2003) The private sector needs to contribute up to 90 percent of a 14-billion-dollar program to economically integrate the six nations that share the Mekong River the Asian Development Bank (ADB) said.
(September 18, 2002) A major Canadian engineering firm that has worked on hydro projects and resettlement planning in Asia’s six-country Mekong region has been convicted by the Lesotho High Court on two counts of bribery.
(September 6, 2002) Survey warns that hydro dams, irrigation schemes, and tree plantations – in the name of poverty alleviation – can do more harm than good for Laotians whose livelihoods depend upon natural rivers and forests.