Brazil Bank Funds Destructive Projects, Say Activists

The National Bank for Economic and Social Development (BNDES) promotes "a deadly kind of progress," complained indigenous leader Toninho GuaranĂ­, describing what he regards as the abuses of the pulp and paper industry, which has fomented monoculture of eucalyptus trees in the eastern state of Espirito Santo. In South America, Brazil behaves "exactly the same way as U.S. imperialism," the head of the Bolivian Forum on Environment and Development (FOBOMADE), Manuel Lima Bismark, told IPS. For instance, Brazilian firms "are plundering Bolivian natural resources" like oil and lithium, without having been granted a contract through proper tender procedures, in violation of the constitution and national laws, he said. And they are building two dams for hydroelectric power stations on the headwaters of the Madeira river, the main tributary of the Amazon marking the border between Brazil and Bolivia, without regard for the environmental consequences, although the dams will flood land in both countries.
1 commentscategory: Environment karma: 142

comments

  1. #1    "an economic model characterised by monopoly, expansionism, income concentration and environmental destruction."
    But isn't that what Economic Development IS?
    written by CwV since 73 days 5 hours 20 minutesCwV
closed comments

who are we
code: license, download  |  images license
Valid XHTML 1.0 Transitional    Valid CSS!   [Valid RSS]