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.
On the eve of the International Day of Struggle against Monoculture Tree Plantations, an open letter signed by more than 730 members of Mozambican communities, and 120 organizations from 40 countries has been released.
This Open Letter is a public reply from the Alert against the Green Desert Network from Brazil and WRM to an email from the investment department of the HSBC bank in the USA, requesting more information regarding the Suzano paper and pulp corporation in Brazil.
Sign this letter to alert people in the global North! Stop development agencies from promoting expansion of large-scale tree plantations.