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

In midst of global 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 worldwide companies to exploit their irreplaceable resources that are natural. & Most utilize millions of gallons of water to get it done whether or not it is fossil-fuel fracking needing 2,500,000 gallons per fine or gold/silver corporations dumping cyanide along with other death-dealing chemical compounds into waterways which millions rely on for ingesting, home usage, irrigation, or fishing.

The WB’s hand is active in the 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 just a right that is human worldwide finance institutions including the World Bank argue that water ought to be allocated through market mechanisms to accommodate complete price data data recovery from users.

In terms of those WB-funded multi-million buck hydroelectric dams that constrict water materials, they have been created to provide electricity for international companies, maybe perhaps perhaps not for impoverished Latino households.