Reply #5: Big Water Companies Quit Poor Countries. Privatization Failing.

[NYC]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2181205

...Water privatisation was seen by the World Bank and G8 countries as the most effective way to bring clean water to large numbers of poor countries throughout the 1990s, but in spite of investments of $25bn (£14bn) between 1990 and 1997, the rich have mostly benefited at the expense of the poor. Sub-Saharan Africa has received less than 1% of all the money invested in water supplies by private companies in the last 10 years.