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World Bank "trillions": More PPPs, even worse days of privatisation?: Page 3 of 3

Posted on 23 August 2017

of PPP contracts and related documents such as impact assessments also need to be the rule.

Such guarantees would be important elements for people-centred development plans, pursued with and for the people, in order to protect economic and social rights from the PPP-driven privatisation waged in the WBG’s “new direction.”IBON International contends that the current WBG push for PPPs, despite the WBG president’s claims, is ‘privatisation by other means’ -- and will benefit corporations at the expense of the poor. It is thus vital for peoples, communities and their organisations themselves to act and organise towards protection of their rights. #

IBON International ( www.iboninternational.org) engages in capacity development for people’s rights and democracy around the world. It strengthens links between local campaigns and advocacies to international initiatives and brings development issues from the international arena in a way that peoples’ organizations and social movements can engage with at country level.


[3]For a more thorough discussion, see IBON International. 2017. at http://iboninternational.org/resources/17/06/22/ibon-primer-public-priva... see also: Paul Quintos. 2015. http://cetri.domainepublic.net/IMG/pdf/the20post-203e50.pdf

[4] Water services in Manila, Philippines underwent privatisation since late 1990s, with two firms being “concessionaires” (Maynilad Water Services, Inc. and Manila Water Company, Inc., with the IFC providing a loan to the latter in 2003 and acquiring USD 15 million in equity in 2005). Water rates have since risen by more than 500 and 900 percent, for the respective firms. Recently, Maynilad won an international arbitration case requiring the Philippine government to pay the firm 3.4 billion pesos, for “losses” incurred due to state rejection of further rate hikes. See: http://ibon.org/2017/08/arbitration-ruling-favours-corporate-greed-over-...

[14]Civil Society Reflection Group on the 2030 Agenda for Sustainable Development. 2017. https://www.2030spotlight.org/sites/default/files/download/spotlight_170...

[21]“Slovenia adds water to constitution as fundamental right for all.” 2016. https://www.theguardian.com/environment/2016/nov/18/slovenia-adds-water-...

[22] IBON International. 2017.IBON Primer on PPPs, p. 40

 

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