IPS News
A new dam funded by the World Bank and the Asian Development Bank (ADB ) and hailed as a windfall for Laos may end up doing more harm than good to one of the world's poorest nations and its vulnerable farmers, several independent development groups say. It shows that international financial institutions, spearheaded by the Washington-based World Bank, are paying little regard to indigenous people, the environment or the long-term welfare of the poor nation. This will drastically alter the character of two important rivers, displace thousands of desperately poor residents, and disrupt the livelihoods of tens of thousands more. >> continue
SEE ALSO:
International Rivers Network: Nam Theun 2 - Open letter to the World Bank
The impact of the Nam Theun 2 dam on indigenous peoples (World Rainforest Movement)
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