Building dams, once a World Bank specialty, has new rules

From: International Herald Tribune | Date: June 6, 2005| Author: | Copyright information

Henry Fountain
International Herald Tribune
06-06-2005
To the uninitiated, little was remarkable about the decision by the World Bank this spring to help finance the construction of a hydroelectric dam on a tributary of the Mekong River in Laos. It was just another series of grants and loan guarantees for just another international development project. But to bank watchers, environmentalists and multinational construction firms, the announcement of $270 million in grants and guarantees for the Nam Theun 2 dam was a landmark event. It represented the bank's return to big dam projects, a field ...

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