Can you please show where I can find the information about the cut of fundings?
Only thing I find in relation:
„At least there is theoretically the possibility for the World Bank to refuse new loans to a state. As far as can be seen, the World Bank has never made use of this theoretical possibility in connection with the ICSID.“
And when I look at mexico….feels like 30+ open cases but still getting money.
Because would be the perfect pressure method if they would really loose fundings because of the case. If the drc loose I doubt they will pay billions back, but if they would it would take many many decades
The cut of fundings this year was in relation to social programs and was caused by concerns about governance in the DRC after Felix terminated the programs the funds were intended for by presidential order. It wasn't to do with the ICSID. But that doesn't mean it can't happen like you say and the threat of that and other projects like the Lobito corridor not being funded should persuade the DRC to do the right thing imo
Or maybe the gringos are planning on getting more bang for their buck so to speak by turning a blind eye to hastily organised elections, however contentious, like the Washington insiders were saying in that article you shared on the weekend
Or maybe not. And we will have to spend years trying to reclaim any damages we are awarded. If the DRC government doesn't want to do the right thing and we only have a low ball Zijin offer currently on the table then we have no other choice. Like I said I expect Zijin to bring out the cheque book and make a better offer if they lose the jurisdictional challenge.