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19 May, 2009

IMF and World Bank stealing water

The documentary FLOW (2008) reports on corporations, like Coca-Cola and Nestle, who are stealing groundwater and selling it in plastic bottles. The bottled water you drink is not “spring” water, nor are there any standards by which it is judged to be clean. Tests of bottled water have shown they contain bacteria. You're better off getting a water purifier for your tap water.

This film also reports on several European companies who are in cahoots with the IMF and World Bank to steal water and sell it back to poor people in remote areas. These corporations are run by madmen. There’s no other way to explain it.

The documentary just has to be seen to be believed. This is just a trailer. See the entire film!

Trailer from the documentary FLOW:

See below the water privatization agenda the IMF and World Bank are pushing through globally. These are truly truly evil bankers.

The significance of finding such a high number of conditions relating to water privatization and water cost recovery in IMF loans is twofold. First, in the hierarchy of international financial institutions the IMF is at the top. Compliance with IMF conditions enables governments to receive the "seal of approval" that permits access to other international creditors and investors. Thus IMF conditions weigh especially heavily upon borrowing governments. Second, it is quite common that World Bank loans have, as their first condition, compliance with certain IMF conditions. This is known as "cross conditionality." In the division of labor between the two institutions, it is the World Bank that has primary responsibility for "structural" issues such as the privatization of state-owned companies.

Therefore, it can be presumed that in every country where IMF loan conditions include water privatization or full cost recovery, there are corresponding World Bank loan conditions and water projects that are implementing the financial, managerial, and engineering details required for such "restructurings."

The table below identifies the 12 countries and paraphrases the specific IMF loan conditions relating to water privatization or water cost recovery. Eight of the 12 countries identified are in sub-saharan Africa. In six of the countries, the IMF conditions require some form of privatization, in four countries the conditions require both privatization and greater cost recovery, and in two the focus is just on cost recovery.

Continue reading:

Please sign the petition below.

U.N. Universal Declaration of Human Rights, Article 31: Please sign petition below. "Everyone has the right to clean and accessible water, adequate for the health and well-being of the individual and family, and no one shall be deprived of such access or quality of water due to individual economic circumstance."

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