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

How 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 desperate to rise away from poverty by attracting worldwide companies to exploit their irreplaceable normal resources. & Most utilize millions of gallons of water doing it whether or not 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 substances into waterways which millions be determined by for consuming, home use, 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 set up pre-paid water meters.

As you correspondent noted recently:

Despite U.N. recognition that water is really a right that is human worldwide finance institutions including the World Bank argue that water must be allocated through market mechanisms allowing for complete price data recovery from users.

In terms of those WB-funded mu