IFC: using development funds for profit

The International Finance Corporation (IFC) is a part of the World Bank Group which invests money in projects involving private companies. It openly promotes privatisation in many sectors. Recent activity invcludes:

Coopération entre l'Uganda et le Rwanda dans le secteur de l'eau

East African Business Week (Kampala) - AAGM

April 28, 2008 Monday


LENGTH: 373 words

Uganda's National Water and Sewerage Corporation (NWSC) has just won a consultancy agreement with Rwanda's water and power utility company ELECTROGAZ.
Under the deal, NWSC will help ELECTROGAZ in water resource management, customer care and marketing.
Were this a private sector venture, it would have passed as another story. But the two companies are government owned and run entities.

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