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Essay / A World Bank Research Project - 725
Recently, the World Bank funded an effort in Ethiopia to help increase investment in their infrastructure. In May 2015, $370,000,000 was committed to finance the Ethiopian Highway Development Support Project. Reuters stressed that the project was risky. About a quarter of the way through the project, the World Bank admitted that something was seriously wrong. Many people were forcibly removed from their countries as a result of the project. The World Bank advocates “Working for a world without poverty”. However, Reuters reports that in this project, the World Bank admits its efforts were misguided. Control and accountability measures have not been followed to ensure that people in the path of highway construction are kept safe. How were 70,000 people displaced? The answer is not very simple. The project's efforts were intended to help eliminate the extreme poverty plaguing Ethiopia by developing roads, dams and increasing investment, but something else happened, people were forced to move hastily and with meager compensation. Worldbank.org boasts of the remarkable progress it has made. in Ethiopia compared to other sub-Saharan African countries. Over the past 10 years, their gross domestic product has grown on average by almost 11%. Agriculture and infrastructure were seen as the driving force. The Ethiopian government borrowed money under the leadership of Tesfamichael Nahusenay Mitiku so that the Ethiopian Roads Authority could develop rural and intercity roads and highways. This project was expected to last approximately six years. The World Bank noted the progress of this project on its website as satisfactory, but on Wednesday, March 4, 2015, World Bank President Jim Yong Kim admitted the shortcomings and...... in the middle of paper ......o would create when building a highway. It was very irresponsible not to do so. I believe it is possible to ensure that human lives are taken into account in projects like this. It is contradictory that they were not given an alternative life plan that they agreed upon within reason and that offered similar or better conditions for which they gave up their livelihood. Leaving home is a sacrifice and sacrifices must be rewarded. If the World Bank was not able to fully finance this project taking into account the people affected, then the project should have been suspended until appropriate financing and accommodations were obtained. I believe that the World Bank organizations should have been able to make an impartial decision on this project, but I dare say that a lending organization can because of its financial interest in the project..