The way the World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America

The way the World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America

In midst of worldwide warming’s frightening and growing droughts, increasing shortages of water resources in Latin America are now being exacerbated by World Bank (WB) million-dollar loans to unstable governments hopeless to go up away from poverty by attracting international companies to exploit their irreplaceable resources that are natural. & Most utilize millions of gallons of water to get it done whether it is fossil-fuel fracking needing 2,500,000 gallons per fine or gold/silver corporations dumping cyanide along with other death-dealing chemical substances into waterways which millions be determined by for ingesting, home use, irrigation, or fishing.

The WB’s hand is active in the latest trend for corporations exhorting—and extorting—African governments such as for example Zimbabwe to set up pre-paid water meters.

As you correspondent noted recently:

Despite U.N. recognition that water is a right that is human worldwide banking institutions including the World Bank argue that water should always be allocated through market mechanisms to accommodate complete price data recovery from users. Read more