World Bank wants water privatized, despite risks ~ News Forage

“Corporations don’t have a social or development mission,” Naficy told me. “Right now we’re funding development to prop up private projects, instead of putting the decisions for funding in the hands of governments that are accountable to people.”

Clean and affordable water is the basis of life. Skyrocketing water prices, unsafe supply, failing infrastructure — these problems fall disproportionately on the most vulnerable among us. This is why public institutions, not private corporations, must lead the development of water systems and delivery. The World Bank Group is uniquely positioned to increase access to clean water for the billions who need it. Instead of using its position to line the pockets of water companies, it should support what is most needed: affordable, clean — and public — water for all.

via World Bank wants water privatized, despite risks ~ News Forage.

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