Both ENDS
The Mandalika International Street Circuit is a street circuit in the resort of Mandalika in Central Lombok in West Nusa Tenggara Province. The project, mainly intended to attract tourists, is largely financed by the Asian Infrastructure Investment Bank (AIIB).
The Dutch development bank FMO and the Finnish FinnFund announced this week that they are seeking ‘a responsible and legal exit’ from the Agua Zarca project in Honduras. Last week, it was reported that four suspects had been arrested in connection with the murder of human rights activist Berta Cáceres, who opposed the project for many years. One of those arrested is the manager for social and environmental affairs of DESA, the company implementing the Agua Zarca project. Because the company is a direct client of FMO and FinnFund, the banks consider the arrest good reason to take action.
On June 3rd at De Balie in Amsterdam, ‘angry old man’ Yash Tandon presented his new book ‘Trade is War: The West’s War Against the World’ – a new perspective in the debate on the Transatlantic Trade and Investment Partnership (TTIP), the controversial trade agreement which the EU is currently negotiating with the US. In Europe, opponents of TTIP are mainly concerned about transparency, ever-increasing corporate power and the impact on the environment. But what does the treaty imply for North-South relations and what are the geopolitical dynamics behind it?
Various donors and funds promised to make donations to support the pan-African Great Green African Wall (GGW) against the desert. This became clear during a meeting of the UN Convention to Combat Desertification (UNCCD) in the last week of February. In sum, these donations could mount up to around 3 billion US dollars. The envisaged 15 kilometers wide and up to 8000 kilometers long wall consisting of plants and trees will cross 11 countries south of the Sahara. The difference between failure and success will depend on the way the project is executed.
Yesterday, the World Bank Global Environment Facility announced at a meeting of African leaders in Chad to devote 96 million Euros to the "Great Green Wall of the Sahara" initiative: a barrier of trees 7000 kilometer long and 15 kilometer wide which will be planted across 11 African countries, from Senegal to Djibouti. This Green Wall will have to slow down wind erosion and enhance rainwater infiltration. The idea for this Wall emerged five years ago. In July 2005, President Obasanjo, President of the Federal Republic of Nigeria, proposed to the Fifth Ordinary Summit of the African Union (AU), an initiative for the establishment of a "Green Wall for the Sahara". At the time, the Heads of State requested the African Union Commission (AUC) to facilitate its formulation and implementation. However, because of lackof funds implementation had not yet begun.
