Category Archives: World Bank

World Bank Supports Harmful Water Corporations, Report Finds | IPS ipsnews.net

Water privatisation has been proven not to help the poor, yet a quarter of all World Bank funding goes directly to corporations and the private sector, bypassing both governments and its own standards and transparency requirements in order to do so, says a new report released Monday. Continue reading…

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Filed under Corporations, Water, World Bank

Protestors Condemn Mining Corporation Suing El Salvador | Global Issues

Protestors rallied in front of World Bank headquarters in Washington, D.C. today hoping to persuade a tribunal housed there to dismiss a case brought by Pacific Rim Mining Corporation against the government of El Salvador.

AFL-CIO Director of International Affairs Cathy Feingold speaks at a rally protesting Pacific Rim on Dec. 15. – Barbara Doherty/ IPS AFL-CIO Director of International Affairs Cathy Feingold speaks at a rally protesting Pacific Rim on Dec. 15. – Barbara Doherty/ IPS

Pacific Rim is suing El Salvador for more than 77 million dollars over the government’s refusal to approve a permit for a cyanide-leach gold mining project along the Lempa River, which is the main water source for a majority of the nation’s population. Read more…

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Filed under Corporate globalization, Environment, Human rights, Water, World Bank