"Our conclusion based on these testimonies is that the majority of World Bank sponsored
projects do not serve their stated purpose, nor do they benefit the poor of
India. Instead in many cases, they have caused grievous and irreversible damage
to those they intend to serve.
The evidence we have heard adds up to a disturbing
picture of the World Bank’s underlying agenda and operations, as it benefits those
privileged with capital but pushes to despair the already vulnerable. We recommend
that the World Bank should compensate those it has harmed gravely through
its policies, projects, and neglect in carrying out its own environmental and social
safeguards. Unless there are instituted clear and transparent mechanisms through
which World Bank activities and policies can be independently monitored and audited,
it would be better for the World Bank to quit operations in India."
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