Pambazuka News | May 04, 2017
Source: Food Ingredients First
The report, Unjust Enrichment: How the IFC Profits from Land Grabbing in Africa, was released today by Inclusive Development International, Bank Information Center, Accountability Counsel, Urgewald and the Oakland Institute.
“Pouring money into commercial banks that are driven only by profit motivations is not the way to foster sustainable development,” said Marc Ona Essangui, Executive Director of Brainforest and winner of the Goldman environmental prize in 2009. “In Gabon, this development model has instead enabled a massive expansion of industrial palm oil, which threatens our food security and the ecological balance of Congo Basin’s ancient rainforests.”