Dams Could Win OECD Support
BONN , May 13 (IPS) - The OECD took a controversial decision Friday to consider loans for large dams on favourable terms.
The Organisation for Economic Cooperation and Development (OECD), a grouping of 30 rich nations, took a provisional decision to consider loans for hydropower projects that could be repaid over 15 years in place of the present ceiling of eight-and-a-half years.
The OECD at present allows 15-year repayment for nuclear power projects. The decision Friday brings hydro projects on a par with repayment terms for nuclear projects.
The provisional decision is subject to discussions between OECD officials and experts from several disciplines over the next six months.
Non-governmental organisations want the experts and officials to particularly consider the recommendations of the World Commission on Dams (WCD).