world bank reject loan application for amaila falls hydro project

SN: Executives of Sithe Global, the developer of the Amaila Falls Hydro Project, are counting on the Inter-American Development Bank (IDB) to provide critical financing for the project.
This follows the decision by the World Bank not to participate, which stupefied officials of the hydro project developer, who said that the institution has always thrown its weight and funds towards similar projects around the world and they cited the most recent case in a project in the Philippines.

updating later but our oslo friend has also confirmed that the govt of norway will also not be sending any money guyana’s way ;-)

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