Since 1995, the World Bank is the most dominant world actor in the international water sector through their large influence on policy making and contribution to financial aid for water projects....Show moreSince 1995, the World Bank is the most dominant world actor in the international water sector through their large influence on policy making and contribution to financial aid for water projects. Such financial aid comes with economic reform, including the privatization of key industries such as the water supply. In the 1980s Bolivia took a loan from the Bank, which meant that they had to adhere to such economic reform and privatized their water supply in Cochabamba. The World Bank has a water policy to which they should adhere. However, with the implementation of the privatization several instances of organized hypocrisy were highlighted. This hypocrisy created instances of corruption during the privatization of the water supply in Cochabamba in the period of 1999-2002.Show less
