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Explain Whether Or Not You Feel That The Negative Impacts Could Have Been Avoided

1163 Words5 Pages

Research and find one project of the World Bank or the IMF that created problems for the nation that received its assistance. Describe the project and what the negative outcomes were. Explain whether or not you feel that the negative impacts could have been avoided? Why or why not? Further explain your opinions on whether you believe that international financial institutions such as these could consistently provide assistance in an objective, unbiased and responsible manner. Why or why not? If you do believe it is possible, then how could it be ensured?
During the 1940’s the World Bank was created in an attempt to bring the world back on its foot after the world war and the World Bank was created during the Bretton Wood conference that took …show more content…

Those projects are mainly focused on improving the infrastructure and the economy of those developing countries in order to enhance the development process. Unfortunately there has been some kind of criticism that arouse in regards to those projects. This essay will focus on the Chixoy Dam in Guatemala, that particular project sponsored by the World Bank brought forward a great deal of controversy. I will elaborate on what the Chixoy Dam was about, what drawbacks resulted from the projects that created havoc and also how those drawbacks could have been avoided. Furthermore, I will also talk about how the World Bank can change in order to be more objective, fair and be more responsible.
In 1976, the World Bank and the IADN (Inter-American Development Bank) sponsored the Chixoy Dam Project or the Chixoy Power Project. The project involved the building of a dam near the confluence of the Chixoy and Quixal river of about 108m high with a tunnel of about 25.6km long, a generator of 5x60MW, a substation with transmission of up to 230kV to Guatemala City, and other set-ups to create a source of water and …show more content…

Such a horrific situation could have been avoided I believe. Since the World Bank was sponsoring a project for the betterment of the population of Guatemala, it is their duty to gather as much information about the site in question and how to handle the situation in a more humane way. The population of Rio Negro was going to be relocated at Pacux, an arid and poor community (Russelle G., 2014, September 2). The deal should have been fairer to the Maya Achi people. Furthermore knowing the fact that the country of Guatemala under the leadership of a genocide supporter, this project should have been delayed until a better leader would have been in position. The World Bank should have intervened in such a brutality toward the people of Rio Negro but somehow turn their back to them. Proper planning was a must and for an institution that deals with money, the projected amount was really

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