Glass Half Full? The state of accountability in development finance 65 pages, pdf  Download Back

 Glass Half Full? The state of accountability in development finance

Publisher: SOMO, Amsterdam

Volume: 65 pages, pdf

Description:

Development Finance Institutions (DFIs, see Glossary), also known as development banks, invest in activities intended to contribute to economic development. These activities might include building hydro-electric dams, railway projects, or reform of laws and institutions. While these projects strive to alleviate poverty and create employment, experience has shown that DFI-financed projects may in fact harm the very people they are seeking to help. Despite the intention of DFI policies to prevent adverse environmental and social impacts, DFI-financed activities can cause, and in fact have resulted in, various harms. These include air and water pollution from coal-fired power plants, forced evictions to make way for mining and infrastructure projects, loss of biodiversity, and many others.