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How a global World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America

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 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 doing 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 be determined by 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 instance Zimbabwe to put in pre-paid water meters. As you correspondent noted recently:

Despite U.N. recognition that water is a individual right, worldwide finance institutions including the World Bank argue that water should always be allocated through market mechanisms to permit for full expense data recovery from users. Continue reading How a global World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America