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The Jakarta Post
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WB, ADB financing model under fire

  • Riyadi Suparno

    The Jakarta Post

Nusa Dua, Bali | Mon, May 4 2009 | 02:07 pm

Why do the World Bank (WB) and the Asian Development Bank (ADB) finance coal-fired energy instead of geothermal and solar energy, and why do they finance the development of roads and not railway lines? Emil Salim, a former minister for the environment during Soeharto's time, has the answer. "The key is you pick up projects that are helpful in reducing *poverty and unemployment...


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