Philippines

Leaked IFC (International Finance Corporation) document details new water deal in Manila
The document originates from the International Finance Corporation (IFC) - the private sector arm of the World Bank and details how the IFC continues to bail out corporations in the failed privatization of Manila's Water.

Water Crisis in the Philippines
Five years after the winning bids to privatize Manila’s water promised to effectively cut Manila water tariffs in half, increase connections to provide for millions of thirsty residents, improve infrastructure to the tune of $7.5 billion, and reduce non-revenue water (water lost as a result of leakage and illegal connections) by 32 percent to save the city $4 billion over 25 years, privatization in the Philippines has proven to be an unmitigated disaster.

Loaves, Fishes and Dirty Dishes: Manila's Privatized Water Can't Handle the Pressure
Politically connected families and private companies split Manila in two to share turf. At first, the two companies brought miracles by bringing running water to thousands of poor people who never had it. Now the miracle has faded as one company bails out, leaving behind enormous debts.

Higher Rates, Blackmailing Business as Usual
Trade unions and non-governmental organizations belonging to the Asian Labor Network on International Financial Institutions (ALNI-Philippines) strongly condemn the increase in water rates granted by the Metropolitan Waterworks and Sewerage System