The GKEL power plant in Odisha. Photo: Joe Athialy In June 2017, the Board of the Asian Infrastructure Investment Bank will approve the bank’s new Energy Sector Strategy. In it, the AIIB explicitly commits to the Paris Climate Agreement and the United Nations’ Sustainable Development Goals. This is good news for both climate and energy …
The Asian Infrastructure Investment Bank and the Tarbela 5 project in Pakistan Opening the Global Infrastructure Forum in April, President Jin Liqun thanked other multilateral banks for collaborating with the Asian Infrastructure Investment Bank – the world’s newest development bank. Jin said in its first year of operations, over 75 per cent of its projects …
SARDAR SAROVAR DAM on NARMADA An Appeal to raise your voice against submergence before rehabilitation: Save lives of 40,000 + families in Narmada Valley Challenge Coca-Cola and other grabbing waters! Narmada, the west-flowing, 1300 km long river in India, and the most ancient civilization of the world living in its basin is to face …
(May 1, 2017) – The World Bank Group has indirectly financed some of Africa’s most notorious land grabs, according to a report by a group of international development watchdogs. The World Bank’s private-sector arm, the International Finance Corporation (IFC), is enabling and profiting from these projects by outsourcing its development funds to the financial sector. …