'This January 26th, the water industry will privately review its newest strategy for driving public water resources into private hands at the World Economic Forum. A partnership quietly launched in October with funding from the World Bank, Coca-Cola and Veolia will report on progress towards its stated mission to “transform the water sector” by establishing “new normative approaches to water governance” that put the private sector in the driver’s seat in water management.

Calling itself the Water Resources Group (WRG) and headed by Nestlé Chairman Peter Brabeck-Letmathei, the corporation has already targeted the countries of Mexico, Jordan, India and South Africa to “shape and test governance processes” that would make water privatization more feasible and profitable. The fact that the Group has not invited publicity, and the Bank was unwilling to comment upon its launch, underscores how controversial its founders know the endeavor to be.'

Read more: World Bank Pilots New Scheme to Drive Public Water Into Private Hands