After carrying out preliminary evaluation studies, both the European Investment Bank (EIB) and the African Development Bank (AfDB) announced in 2010 that they were no longer considering funding Gibe III.
In March 2011, the Ethiopian government withdrew its request for aid credit from the Italian government. The request had raised great concern amongst many Italian NGOs, which urged the Italian Foreign Minister not to support the controversial dam.
Survival and various regional and international organisations believe that the Gibe III Dam will have catastrophic consequences for the tribes of the Omo River, who already live close to the margins of life in this dry and challenging area. We are calling on potential funders not to support this project until a complete and independent social and environmental impact study is carried out and the tribal peoples have been fully consulted and given their free informed and prior consent. Resource: http://www.survivalinternational.org/tribes/omovalley http://www.internationalrivers.org/resources/ngos-call-for-investigation-of-gibe-iii-dam-3132