Before the end of this year, the World Bank will vote on whether to introduce a new lending instrument called "Programme for Results" (abbreviated as P4R), which aims to better meet the needs of developing countries while increasing the World Bank's reach by bringing funds from public and private donors together in sectoral programmes. NGOs from around the world have expressed concern about P4R, as has the business community and various governments. These parties are concerned that a large number of standards, which may have significant adverse effects on humans and the environment, will be released. A number of organisations have therefore voiced their concerns about P4R in a letter to the World Bank.
A highly critical report on the Bujagali Dam was recently released by the World Bank Inspection Panel - the independent investigation body of the World Bank. The controversial Bujagali Dam, a US$860 million hydropower dam under construction in Uganda, is co-financed by the World Bank and the African Development Bank. Unfortunately the report of the Inspection Panel has done little to change the commitment of the World Bank in funding the dam. Nor will it implement any fundamental changes in response to the indicated problems.
On the 14th of April, Both ENDS wil host a workshop called 'Small Grants, Big Impacts' on the annual Africa day in Amsterdam. The workshop aims to demonstrate that so called 'small grants funds' effectively deliver (devopment and climate) money where it matters, to people that need it the most. Large development banks, funds, donors and governments could use small grants funds as alternative financing mechanisms to make sure their money benefits people and their environment now and it the far future.
In September this year the UN held its annual meetings in New York. The Dutch government was well represented: with the Prime Minister, the Minister of Foreign Affairs and the Minister for Development Aid all attending. Both ENDS was also in New York to call for the inclusion of the right to water and sanitation in the Millennium Development Goals. We spoke with the Dutch Prime Minister, attended high-level meetings, and published an opinion article.
In 2011 one of the world’s largest gas reserves was found in the coastal province of Cabo Delgado, in the north of Mozambique. A total of 35 billion dollars has been invested to extract the gas. Dozens of multinationals and financiers are involved in these rapid developments. It is very difficult for the people living in Cabo Delgado to exert influence on the plans and activities, while they experience the negative consequences. With the arrival of these companies, they are losing their land.
Both ENDS and SOMO welcome the announcement done today by the Dutch and Finnish development banks, FMO and FinnFund, to exit the controversial Agua Zarca hydroelectric project in Honduras. Conflict about the project has led to violence in the region, including the murder of three leaders who opposed the project. In March 2016, renowned human rights defender Berta Caceres was murdered for opposing this project in indigenous Lenca territory.