World Bank breaks its own rules as millions lose land and livelihoods

World Bank breaks its own rules as millions lose land and livelihoods


‘The World Bank has repeatedly violated its own policies on protecting the rights of indigenous people by funding projects that resulted in nearly 3.4 million slum-dwellers, farmers and villagers losing their land or having their livelihoods damaged over the past decade, according to documents seen by the Guardian.
The projects, into which the bank channelled more than $60bn (£40bn), aimed to boost electricity and water supplies and expand transport networks in some of the world’s poorest countries. But they have resulted in more than 1.2 million people in Vietnam being displaced over the past decade, as they made way for dams and power plants funded by the organisation. In addition, more than 1 million people in China were displaced by about $12bn of bank investment.’
Read more: World Bank breaks its own rules as millions lose land and livelihoods
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