Global: The World Bank’s new president should address its dam past

As World Bank President Robert Zoellick prepares for his first meeting with the Bank’s shareholders this weekend, a new IRN report reveals that the Bank approved more than US$ 800 million for nine hydropower projects in fiscal year 2007. This is more than it provided for renewable energy and efficiency projects combined. As the Bank jumps back into the big dam business and neglects better energy and water solutions, the legacy of its past dam projects tragically lives on.