The World Bank and Other Financial Institutions
“Poverty alleviation,” “sustainability,” “prosperity” and "development" are key words in the public relations materials of the World Bank, its private arm, the International Financial Corporation (IFC), and other development finance agencies. In reality, the policies, programmes and projects promoted by these institutions have time and again caused more poverty, violence and forest destruction.
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The false idea that industrial plantations are a solution to the climate crisis is a golden opportunity for investment funds like Arbaro, which access scarce climate funding for expanding destructive monocultures.
The statement calls on climate, environmental and social justice movements to unequivocally reject “Nature-Based Solutions” and all offset schemes because they are not designed to address the climate crisis. It remains open for sign-on until the end of 2021.
WRM Bulletin Compilation. Available in English and Indonesian.
A young man was killed and other people are still in prison. It was after a protest against the failure of the PHC company to provide local communities with any benefits after 100 years of illegally occupying their land.
For capitalists, the customary and collective land tenure systems are obstacles to wealth creation and the accumulation of profit. There has been a strong pressure for formalizing private property land rights for easing its sale and lease for commercial use. This push must stop now!
This bulletin seeks to warn about the strategies used by those imposing themselves on territories with the development flag. They increasingly work in alliance with financial capital—which they see as a partner, and which they reinforce with public resources.
WRM spoke with close allies from Brazil, Gabon, India, Mexico and Mozambique, to hear from them and learn about their understandings of development.
Why haven't Africa's post-colonial governments dismantled the colonial plantation model of exploitation and extraction, returned the lands to their people and emboldened a resurgence of Africa's diverse, local food and farming systems?