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The way the global World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America

The way the global World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America

In midst of worldwide 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 desperate to go up away from poverty by attracting worldwide companies to exploit their irreplaceable resources that are natural. And most utilize millions of gallons of water to get it done whether it is fossil-fuel fracking needing 2,500,000 gallons per fine or gold/silver corporations dumping cyanide as well as other death-dealing chemical substances into waterways which millions be determined by for consuming, home usage, irrigation, or fishing.

The WB’s hand is mixed up in trend that is latest for corporations exhorting—and extorting—African governments such as for example Zimbabwe to set up pre-paid water meters.

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