25 October 2012
Other information 15 June 2005
Since it was founded in 1956, the International Finance Corporation (IFC) has committed more than US$44 billion of its own funds and arranged a further US$23 billion in loans for 3,143 companies in 140 countries. According to its mission statement, IFC exists to "promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people's lives."
Bulletin articles 24 July 1999
The oil industry has been denounced for its environmentally destructive practices in Pakistani rainforests (see WRM Bulletin 9). Nevertheless, this is not the only threat hovering over them. For the last two years, forest dwellers of the District of Dir have courageously waged a war against illegal timber smuggling, the centralized and bureaucratic system of forest management, and appropriation of forest royalty belonging to thousands of poor and marginalized indigenous peoples by local elites, royalty purchasers and district administration.