Counterview News A catastrophic flood disaster across Nepal’s Himalayan river valleys has triggered urgent international scrutiny over the role of multilateral lenders and development finance institutions. According to an extensive investigation published by the South Asia Network on Dams, Rivers and People (SANDRP), international financiers—including the World Bank Group’s International Finance Corporation (IFC), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the Export-Import Bank of China —pushed forward major hydropower projects in disaster-prone valleys despite documented warnings, recurring historical floods, and unheeded safety recommendations.
By Dr. Jayant Kumar When the flood came, the sky was clear. That is the cruel paradox of the Himalayas. A glacier collapses. A landslide dams a river, then releases it in a wall of water. An avalanche crashes into a lake and sends a surge racing downstream. There is no storm to warn you. There is only sudden, roaring destruction—crossing borders in minutes, indifferent to the lines humans have drawn on maps.