Word: fayed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Most controversial is the involvement of the World Bank, which administers the Global Environment Facility, the Ndoki park's main sponsor. The bank has been notorious for financing ecologically damaging dams, highways and other grandiose projects all over the globe. Even park proponent Michael Fay admits that asking the bank to protect a pristine area is "a little like giving a bank robber a million dollars to install your security system...
...Fay says criticism has spurred the World Bank to mend its ways. And on close inspection, many of the concerns about the bank's role turn out to be unfounded. For instance, critics such as Greenpeace have argued that the Ndoki park proposal is linked with a loan to Congo that would promote logging. In fact, there is no linkage, and the loan has been tabled because Congo is behind on paying debts. Opponents have also contended that plans for building a road and improving the navigability of the Ndoki River will open the area to those who would exploit...
...Fay concedes that the plan involves compromises and depends on the future good faith of the Congolese government, which is currently racked by turmoil and corruption. Once Congo elects a new government, the strong arm of the World Bank could prove helpful in ensuring that the country honor agreements prohibiting any economic activity in the core area...
Angela Susan Lee '92, of Cherry Hill, N.J., was awarded the Fay Prize, given annually to the graduating senior woman who "has given evidence of the greatest promise...
Past winners of the Fay Prize, established in 1909, have included Dr. Jennifer Leaning '68, an international peace activist and chief of emergency services at the Harvard community Health Plan, and Susan D. Chira '80, a reporter and editor for The New York Times. The award carries a $3500 prize as well as a Latin diploma...