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Article

9 May 2016

Author:
FinnFund

Finnfund seek to exit Agua Zarca

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…Finnfund has already suspended its disbursements to the project and promised to react if a credible connection between the project company and the crime were to be established. While keeping in mind that charges are not convictions, the time has come for the financiers to seek a responsible and legal exit from the project…We are deeply concerned to learn that one of the individuals charged is an employee of DESA, the developer of the Agua Zarca hydro project we help to finance. Violence or limitations to people’s right to voice their views are never acceptable in connection with any project…While keeping in mind that charges are not convictions, the time has come for the financiers to seek a responsible and legal exit from the project…The case of Agua Zarca underlines the need to pay attention to indigenous people and human rights…