"You've probably never heard of KfW. It's a development bank the world's largest backed by the German state and established to funds projects around the world ranging from roads in Africa to water systems in Asia. But what happens when projects backed by the lender displace a village, pollute a river, or silence dissent? A new report on KfW Bank's human rights record says these aren't just hypotheticals, they're real risks and they're not being handled well enough."
"Compiled by the Coalition for Human Rights in Development a grouping of civil society organizations the report raises concerns about how KfW's overseas projects are affecting vulnerable communities. The coalition, which includes Urgewald, a German-based watchdog group known to track the social and environmental impacts of global finance, took aim at KfW's slogan, accusing the lender of "irresponsible banking" and causing "hidden harms.""
KfW is a German state-backed development bank that funds infrastructure projects worldwide, from roads in Africa to water systems in Asia. Some projects have led to village displacement, river pollution, and suppression of dissent, causing social harms for local communities. Civil society organizations and watchdog groups identify cases of forced relocations of Indigenous communities in Indonesia and Mexico without adequate engagement or compensation. Biomass and hydropower projects in eastern and southern Europe are linked to air pollution and water degradation, raising health concerns. Persistent criticisms focus on limited transparency, weak accountability mechanisms, and public funds bearing the costs of these harms.
Read at www.dw.com
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