CHRONOLOGY/273the defence of the cultural Identity and lands of Chilean
Indigenous peoples'. In 1995, the Inspection Council of the
World Bank rejects a request to inspect the project, saying
that IFC projects are outside its jurisdiction.
1992 Rio de Janeiro. The Bank is handed the job of managing the
Global Environmental Fund (GEF).
1993 Worldwide. An internal review at the Bank says that 3 7 per
cent of the Bank's projects do not fulfil its own financial
criteria and that 78 per cent of conditions for loans are not
met. Other internal reports concede that more than two
million people have been removed by force to make way for
Bank-financed projects.
1993 China. With human rights violations continuing apace,
China receives a total of S3.17 billion in the year, becoming
the Bank's biggest borrower.
1993 Washington, DC. The Bank finally agrees to set up an
independent Inspection Council, empowered to look into the
complaints of communities severely affected by projects
where the Bank has not respected its own procedures and
policies.
1994 Mexico. The Zapatista rebellion emerges on the first of
January, in response to the coming into effect of the free trade
agreement between Mexico, Canada and the US (NAFTA). At
the end of the year, a financial crisis erupts. The national
currency is devalued by 40 per cent; 850,000 jobs are
eliminated over six months.
1994 India. After persistent local and international protest, the
Bank abandons the Sardar Sarovar dam in the Narmada
valley at India's request, confirming the conclusions of the
Morse Commission. It is recognised that incontestable
human-rights violations had taken place through the contra
vention of planned re-housing measures. The Indian federal
government and the local state government continue to
breach re-housing policies stipulated in the loan agreement.
1994 Worldwide. Ofmore than 6,000 loans proposed by the Bank
administration since 1947, not a single one has been rejected
by the Bank's executive directors.
1995 Papua New Guinea. The structural adjustment
programmes of the Bank and the IMF are the cause of riots,
with the police opening fire resulting in three deaths. The