In midst of worldwide warming’s frightening and growing droughts, increasing shortages of water resources in Latin America are now being exacerbated by World Bank (WB) million-dollar loans to unstable governments hopeless to go up away from poverty by attracting worldwide companies to exploit their irreplaceable normal resources. And most utilize millions of gallons of water to get it done whether it is fossil-fuel fracking requiring 2,500,000 gallons per well or gold/silver corporations dumping cyanide along with other death-dealing chemical compounds into waterways which millions rely on for drinking, home usage, irrigation, or fishing.
The WB’s hand is active in the trend that is latest for corporations exhorting—and extorting—African governments such as for example Zimbabwe to set up pre-paid water meters.
As you correspondent noted recently:
Despite U.N. recognition that water is really a right that is human worldwide banking institutions for instance the World Bank argue that water ought to be allocated through market mechanisms to permit for full price data data recovery from users.
In terms of those WB-funded dollar that is multi-million dams that constrict water materials, they have been developed to offer electricity for international companies, perhaps maybe not for impoverished Latino households. Read More