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Article

22 Apr 2002

Author:
Reuters

Rio meeting backs World Bank Latam mining aid

...Industry, aid and indigenous people's groups last week gave qualified support for the World Bank's activities in Latin American oil, gas and minerals extraction. "But while the Rio meeting did not ask the Bank to withdraw from oil, gas and mining in Latin America, it raised many questions that would call for significant changes in the way it operates...," a World Bank review team stated...Around 90 delegates discussed the importance of World Bank financing and environmental standards-setting in projects such as the Brazil-Bolivia gas pipeline, copper mining in Chile and small mines in Ecuador.