Stop the International Finance Corporation's Proposed Niger Delta Credit Facility Project

 

May 2001

Last year, over 200 groups from around the world called on the World Bank Group and its International Finance Corporation component to stop financing oil, gas and mining projects because of the negative environmental and human rights impacts that these projects tend to have, as well as their failure to deliver benefits to marginalized communities.  It is precisely projects such as the Niger Delta Contractor Revolving Credit Facility--which will increase environmental degradation and violence against local communities while benefiting the Shell Group--that spark such outrage among civil society groups.

A Board discussion of the issue is scheduled for late June, 2001.

Please:

Review the May 29, 2001 letter sent to to Ms. Jan Piercy, the U.S. Executive Director of the World Bank by the Institute for Policy Studies, Friends of the Earth- U.S. and the Bank Information Center.  An additional letter was sent to James Wolfensohn, President of the World Bank Group, on behalf of environmental and human rights groups in Nigeria.
Then contact President Wolfensohn and the World Bank Group's Board of Executive Directors to urge them to reject the IFC's investment in the Niger Delta Contractor Revolving Credit Facility.

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