How a global 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 complete it whether it is fossil-fuel fracking needing 2,500,000 gallons per fine or gold/silver corporations dumping cyanide as well as other death-dealing chemical compounds into waterways which millions rely on for ingesting, home usage, irrigation, or fishing.
The WB’s hand is mixed up in 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 really a human being right, international finance institutions like the World Bank argue that water must be allocated through market mechanisms allowing for complete expense data recovery from users. […]