Contents with tag: privatization
US Congressional Representative Gwen Moore, a Ranking Member of the House subcommittee tasked with World Bank Group (WBG) oversight, yesterday issued a rare letter of condemnation of the WBG for its failure to prevent conflicts of interest from shaping the decisions of its development finance institution, the International Finance Corporation (IFC), in its projects in the water sector.
The emerging consensus on financing the post-2015 development agenda not only holds up the private sector as the engine of growth and innovation, but also promotes private finance as the fuel of development.
The package of proposals being negotiated towards and post Bali is obviously imbalanced against developing countries. While some developed countries argue that the global trade system needs "some outcome" from Bali in order to show "progress," it is clearly not "progress" if the changes made to existing WTO agreements constitute an expansion of the failed model, rather than fundamental changes to existing unfair and asymmetric rules.
Corporate Accountability International (CAI) and IBON International joined forces in Washington, D.C. this week to challenge the World Bank Group on its role in privatized water utilities.
Water justice campaigners and private water operators argued the merits of public and private water provision in a debate titled “Private/Public Involvement in the Provision of Water and Sanitation Services,” held 13 March during the 6th World Water Forum in Marseille, France.
With the World Bank’s rhetoric shifting to public-private partnerships (PPPs), we ask, is the partnership in PPPs a “meeting of equals,” or is there an imbalance that allows the other party to manipulate the relationship?