Panama: Dutch & German development banks failed to adequately assess risks to indigenous rights & environment at Barro Blanco dam, says NGO report
The Dutch and German development banks, FMO and DEG, each invested $25 million in the Barro Blanco hydropower project in Panama. In 2014, indigenous people and NGOs filled the first complain to the Independent Complaints Mechanism of the FMO and DEG. The independent panel, found that FMO and DEG, violated their own policies by failing to adequately assess the risks to indigenous rights and the environment before approving a loan to GENISA, the developer of the Barro Blanco hydroelectric project. The Development Banks have acknowledged some of the recommendations and will search further opinion.