africa/global: THE GREAT WATER ROBBERY
24.10.2002
Privatisation of water services is virtually compulsory for developing countries: both the World Bank and the IMF impose it as a precondition for funding assistance. The privatised water sector world-wide is dominated by a handful of multinational companies. They are not interested in serving the poorest people, who are not seen as profitable customers. Water services are becoming the privilege of those who can pay high prices.