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Article

20 Mar 2016

Author:
Zeid Ra'ad Al Hussein, The Guardian

Development banks need to wake up to the human rights crisis in Honduras

The murder of activists opposed to the Agua Zarca dam project is a powerful reminder that financiers must take responsibility for safeguarding local people…Clearly, the government bears principal responsibility…[b]ut international financers of development projects have human rights duties too…The Agua Zarca dam is financed by the Dutch development bank FMO, the Finnish Fund for Industrial Cooperation (Finnfund), and the Central American Bank for Economic Integration (Cabei), among others. FMO and Finnfund have committed themselves to respect human rights…Both have publicly condemned Cáceres’s killing and have called for a thorough investigation…While the factual accounts of FMO and Finnfund must be verified, the actions taken by FMO are surely among the minimum required for a financier in a situation like this. I would strongly urge Cabei and others supporting this project to do likewise…