South Africa: stop ‘dirty’ World Bank loans
On 8th April 2010 the World Bank Group approved a loan of $3.75 billion to South African power company Eskom – $3.04 billion of this loan is for Medupi a new unabated coal-fired power station. Civil society across the globe joined together with 50 African organisations in an attempt to get the Bank’s board to halt this loan to a high carbon intensive project and although some countries abstained the vote was passed.
Although the campaign was unsuccessful in stopping the loan the campaign continues with community member living in the project area requesting a formal inspection of the project from the Banks Inspection panel. The report from this inspection is due in Jan 2011 so check back for more information.
For more information click here.