#imfloansharks — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #imfloansharks, aggregated by home.social.
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Murders, #megaprojects and a ‘new Panama Canal’ in Mexico
#Activists suspect murders of 15 #Indigenous community members are linked to their opposition to a proposed megaproject.
By Eoin Wilson
Published On 13 Jul 2020Mexico City, Mexico – "The murders bore all the hallmarks of drug cartel executions. Fifteen victims – all members of the Ikoots Indigenous community – had been beaten, shot, and their bodies burned in a field just outside Huazantlan del Rio, a village in the municipality of San Mateo del Mar in Oaxaca, southern Mexico, in late June. An as-yet-unknown number of people were also 'disappeared'.
"At first the local government, headed by Mayor Bernardino Ponce Hinojosa, blamed the killings on a shadowy figure and an unnamed organised-crime group. Officials also acknowledged intra-community grievances and political infighting, caused by dissatisfaction with municipal elections and tension over last October’s mayoral election, which Ponce Hinojosa won.
"San Mateo used to be governed by an Indigenous 'popular assembly', which made decisions by consensus and served on a one-year rotation. But in 2017, this changed to a ballot-based electoral approach, leading to tensions that increased after the mayor’s disputed 2019 win.
"The Ikoots, most of whom consider the popular assembly to be the legitimate source of authority in the region, allege that the vote was fraudulent. They also accuse the mayor and a local businessman of being complicit in the wave of violence, sources told Al Jazeera, speaking on condition of anonymity for fear of reprisals.
"Meanwhile, a collective of 15 civil society and teachers’ organisations, the National Coordination of Education Workers (CNTE), has accused the Cartel de Jalisco Nueva Generacion (CJNG) – one of Mexico’s most violent and territorially-ambitious cartels – of committing the murders.
"The allegations came in the same week that the CJNG was accused of the attempted assassination of Mexico City’s chief of police in an ambush with heavy weapons in which three people were killed.
"Although CNTE gave no evidence to support its accusation, many in San Mateo believe the claims because the cartel had already been active in their Istmo region, which boasts a wealth of mineral resources and a strategic location.
"The Istmo (or Isthmus in English) spans the states of Oaxaca and Veracruz at the narrowest point between the Pacific and the Atlantic. It is the site of the controversial 'Interoceanic' or 'Transistmico' corridor project, initiated by the government of Andres Manuel Lopez Obrador and opposed by many Indigenous communities."
https://www.aljazeera.com/features/2020/7/13/murders-megaprojects-and-a-new-panama-canal-in-mexico
#Ikoots #IndigenousActivists #MegaInfrastructureProjects #CarbonIntensive #MegaCorridors #SDGs #CIIT #GulfOfMexico #IMFLoanSharks #SacrificeZones #CulturalGenocide #CulturalErasism #EnvironmentalDegradation #EnvironmentalDamage #Capitalism #CorporateColonialism #IndigenousPeoples #CulturalSurvival #Oaxaca #Veracruz #IndigenousCulture #ExtractiveIndustries #InteroceanicCorridor #TransistmicoCorridor #Istmo #IsthmusOfTehuantepec #Tehuntepec
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From the Bretton Woods Project: #Forests
"Finally, the [#WorldBank] ’s #forest policy and #WeakSafeguards on #ForestProtection have also been observed to infringe the rights of local communities and have failed to protect one of the planet’s most important ‘#CarbonSinks’ (see Observer Spring 2017). CSOs have called for the Bank to open up its Forest Notes – which are meant to guide the interface between its lending and forests – to consultation (see Observer Winter 2017-2018). CSOs have also been highly critical of one of the forest initiatives the Bank manages, the Forest Carbon Partnership Facility (FCPF), a climate investment fund that supports Reducing Emissions from Deforestation and Forest Degradation (REDD) projects. A March 2017 post in REDD Monitor called the FCPF, 'the most cost-inefficient tree-saving scheme ever,' owing to high administrative costs between fiscal years 2009-2015 absorbing 64 per cent of FCFP’s $55 million expenditure. More generally, the Bank’s overall approach to lending has undermined the protection of vital natural ecosystems in borrower countries. As noted by Bruce Rich in his influential 2013 book, Foreclosing the Future: The World Bank and the Politics of Environmental Destruction, 'When one examines the failures to conserve ecosystems, or to mitigate environmental impacts of development, one finds that failed governance at all levels is almost invariably at the root. …Many of [the Bank’s] problems are associated with a dysfunctional institutional culture in which the relentless pressure to move money out the door, even in violation of the Bank’s own policies and rules, often overrides all other considerations.'"
2017: World Bank policy lending undermines climate goals
"One of the main problems is the Bank’s refusal to adequately assess the social and environmental risks of their policy loans" - Harlem Mariño, Derechos, Ambiente y Recursos Naturales
6 April 2017
"A late January report by US-based NGO Bank Information Center (BIC), together with partners in Egypt, Indonesia, Mozambique and Peru, claimed that the Bank is undermining its climate commitments by supporting investment incentives for coal, gas and oil projects through its development policy financing (DPF) mechanism. DPF accounts for approximately a third of all Bank funding and provides resources for programmes of policy and institutional reforms that are agreed by the Bank and the borrowing government (see Update 82). The report argued that the Bank’s financing through DPF contradicts the internationally agreed and Bank-supported goal of limiting the global average temperature increase to 2°C, which according to the Intergovernmental Panel on Climate Change would require that at least two-thirds of existing fossil fuel reserves are left in the ground.
"BIC’s report looked at the Bank’s DPF measures in four countries: Egypt, Indonesia, Mozambique and Peru. It found that DPF introduced subsidies for coal in all countries, apart from Peru. For example, the report argued that Bank-supported subsidies for coal infrastructure have helped Indonesia become one of the world’s top coal exporters. It found some DPF support for renewable energy, but argued that the Bank could do more given that all countries examined have potential to develop renewable energy. For example, while Peru’s DPF provides subsidies to public-private partnerships to develop oil and gas infrastructure, it does not include plans for solar or wind power projects."
https://www.brettonwoodsproject.org/2017/04/world-bank-policy-lending-undermines-climate-goals/
#FCPF #REDD #Ecosystems #ProtectTheForests #EnvironmentalDestruction #ForestDegradation #Deforestation #EnvironmentalImpacts #Egypt #Indonesia #Mozambique #Peru #LeaveItInTheGround #Coal #BigOilAndGas #ExtractiveIndustries #Exploitation #EnvironmentalImpacts
#HumanRights #ParisAgreement
#ParisClimateAgreement #BigOilAndGas #CorporateColonialism #IMFLoanSharks #RenewablesNow -
Causing major harms through development projects
"World Bank-funded projects have also continually been found to be in direct, serious violation of international human rights standards. Major recurring issues include mass evictions and the forced displacement of peoples and communities for major infrastructure and agricultural projects (see Observer Spring 2015), violations of the rights of indigenous and forest peoples, targeting of human rights defenders, triggering local food insecurity, and serious labour rights violations, such as child and forced labour reportedly being used in Bank-funded projects (see Observer Winter 2016). The IFC has also been shown on several occasions to have invested in companies that avoid or evade taxes (see Observer Autumn 2016). More recently, the Bank has also acknowledged that its projects can create an environment that can foster gender-based violence, including sexual abuse and the spread of HIV/AIDS (see Observer Spring 2017).
"To safeguard against risks like these, the World Bank launched its revised Environmental and Social Framework in 2018, although it applies only to its project lending and not to its DPF.
"Many in civil society remain unconvinced that the safeguards are fit for purpose if the Bank is to deliver on its mandate to implement policies that benefit the poorest, especially as the Bank is set to focus on more complex and difficult environments from 2018."
#ForcedRelocation #ForcedDisplacement #HumanRightsViolations #EnvironmentalDegradation #IndigenousPeoples #ForestPeoples #SaveTheForests #Exploitation #CorporateColonialism
#IMFLoanSharks #WorldBank #GenderBasedViolence #ManCamps -
[Thread] What are the main criticisms of the #WorldBank and the #IMF?
Bretton Woods Project - Critical voices on the world bank and IMF
4 June 2019
"World Bank-funded projects have also continually been found to be in direct, serious violation of international human rights standards. Major recurring issues include mass evictions and the forced displacement of peoples and communities for major infrastructure and agricultural projects (see Observer Spring 2015), violations of the rights of indigenous and forest peoples, targeting of human rights defenders, triggering local food insecurity, and serious labour rights violations, such as child and forced labour reportedly being used in Bank-funded projects (see Observer Winter 2016). The IFC has also been shown on several occasions to have invested in companies that avoid or evade taxes (see Observer Autumn 2016). More recently, the Bank has also acknowledged that its projects can create an environment that can foster gender-based violence, including sexual abuse and the spread of HIV/AIDS (see Observer Spring 2017).
"To safeguard against risks like these, the World Bank launched its revised Environmental and Social Framework in 2018, although it applies only to its project lending and not to its DPF.
"Many in civil society remain unconvinced that the safeguards are fit for purpose if the Bank is to deliver on its mandate to implement policies that benefit the poorest, especially as the Bank is set to focus on more complex and difficult environments from 2018."
#HumanRights #HumanRightsViolations #IndigenousPeoples #ForestPeoples #Exploitation #IMFLoanSharks #CorporateColonialism #CorruptGovernments #BigOilAndGas #BigMining #SaveTheForests
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#Ghana hollows out #forests and green protections to advance #mining interests
Malavika Vyawahare
28 Aug 2024
via @mongabayKey points:
- The Ghanaian government has significantly ramped up the approval of mining permits under legislation passed in late 2022, intensifying concerns about runaway environmental damage.
- The country is already the top #gold producer in #Africa, but much of the mining is done in #forest reserves and other #biodiverse #ecosystems.
- The government has long cracked down on artisanal illegal #GoldMiners, but activists say the real damage is being wrought by #industrial operations, both legal and illegal.
- A debt default in 2022 has seen #Ghana lean even more heavily on its gold to mitigate the crisis, prompting warnings that such a policy is neither #economically nor #environmentally #sustainable.
#ApampramaReserve #HeritageImperial #WaterIsLife #SaveTheForests #NoMiningWithoutConsent #CorporateColonialism #C&GAleska #GoldMining #GSBA #LithiumMining #BodiForestReserve #IMFLoans #WorldBank #IMFLoanSharks