Global financial institutions 'ignored' climate warnings in Nepal’s hydropower disaster: SANDRP probe
Counterview News A catastrophic flood disaster across Nepal’s Himalayan river valleys has triggered urgent international scrutiny over the role of multilateral lenders and development finance institutions. According to an extensive investigation published by the South Asia Network on Dams, Rivers and People (SANDRP), international financiers—including the World Bank Group’s International Finance Corporation (IFC), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the Export-Import Bank of China —pushed forward major hydropower projects in disaster-prone valleys despite documented warnings, recurring historical floods, and unheeded safety recommendations.