Chief financier of Belo Monte dam ties social and environmental requirements to controversial project

Posted by Washington Post: Juliet Eilperin on February 4th, 2011
Mongabay: Chief financier of Belo Monte dam ties social and environmental requirements to controversial project The Brazilian National Development Bank (BNDES) has announced it will not grant a $640 million loan for the hugely controversial Belo Monte dam until 40 social and environmental conditions are met. In response, the company contracted to build the dam, Norte Energia, S.A. (NESA), has stated it may drop the bank's loan altogether and seek less discriminating private funding to start construction.......

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