Both ENDS
Ten years after the start of the construction of the Nam Theun 2 dam in Central Laos, it is clear that this mega project has disastrous impacts on people and their environment. The project - originally the flagship of the World Bank, the Asian Development Bank (ADB) and the European Investment Bank (EIB) - did not achieve its intended development goals. In a press release which was sent out this week, Both ENDS and partner organisations call on these multilateral banks to withdraw from large scale hydro dams such as Nam Theun 2. The dam, which became operational in 2010, has profound negative effects on local communities, while they do not benefit from it.
What is the reason behind the European Investment Bank’s 500 million loan to the Brazilian development bank BNDES? The money, paid for by the European taxpayer, comes from the ‘climate funds’ intended for projects to stop climate change. Does this make BNDES the most logical choice? Anouk Franck went to Brazil to find out more about this loan.
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.
Today, it is exactly one year ago that Berta Cáceres was brutally murdered in her home in Honduras. Cáceres was a globally known human rights defender and coordinator of the indigenous Lenca organisation COPINH. The murder of Berta is closely related to her protest against the Agua Zarca dam, a hydroelectric project financed partially by the Dutch development bank FMO.
Last week, the conclusions of an independent fact-finding mission to the Agua Zarca Hydro-electric Project in Honduras, were released. The report was commissioned by one of the project financiers, the Dutch development bank FMO after human rights defender and fierce opponent of the dam Berta Cáceres was murdered in March 2016.
The Asian Development Bank (ADB) and the World Bank will donate $23 million to the Philippines, but will also provide a loan of $500 million to this country for the reconstruction of the areas damaged by the storm. According to ‘NGO Forum on ADB,’ Both ENDS’ partner organisation, these banks abuse this crisis. The debt will have to be repaid with interest and Philippine society will end up paying the price.
In May 2022, Minister Hoekstra of Foreign Affairs and Minister Schreinemacher for International Trade and Development Cooperation announced that also The Netherlands will work towards implementing a Feminist Foreign Policy (FFP). This means that within its Foreign Policy, the Netherlands will pay more attention to inclusivity in general and specifically to women's rights and gender equality, including LGBTIQ+. This feminist lens will be central to all aspects of foreign policy; security, trade, diplomacy and international cooperation.
To foster an inclusive process and acquire insights in what a Dutch FFP should look like, the Ministry of Foreign Affairs opened an internet consultation. Both ENDS welcomes the FFP and therefore gladly shares its input and suggestions.
