NGOs challenge the institution at the 2010 Annual General Meetings of the World Bank and IMF in Washington, DC, October 6th through 10th.
Christian Aid highlights a record year for coal financing at the Bank: $4.4 billion in 2010. Dr. Alison Doig, Christian Aid’s Senior Advisor on Climate Change stated that “Christian Aid hopes the Bank’s new energy strategy, which it is currently preparing and which will guide its lending for the next decade, will fundamentally change its approach.”
On Wednesday, September 15, Chairman John Kerry presided over the committee hearing as the multilateral development banks request capital increases. Links to transcripts of the opening statements and testimonies follow.
Since the beginning of the 90’s there have been warnings on the potential impacts of the hydroelectric project on the rivers Paraguay and Parana and its surrounding areas.
The construction of an imense hydroelectric dam in Cachuela Esperanza, which the government of Evo Morales plans to install in the Northeast is not feasable in technical, economic and environmental terms, as warned by Jorge Molina, expert of the Hydraulic Institute of the Universidad Mayor de San Andrés de La Paz.
President Evo Morales announced on tuesday that the study and final design for the construction of a massive hydroelectric plant in Canchuela Esperanza, northeast Bolivia, have been concluded. The plant will generate 990 megawatts, almost the cureent energy demand of the whole country.