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.
Sign this letter to alert people in the global North! Stop development agencies from promoting expansion of large-scale tree plantations.
That is the message from more than 80 organisations to the GCF Board on 17 August 2020. The organisations call on the Board to reject in particular two requests for so-called “Results-Based Payments” for deforestation supposedly reduced years ago.
We invite organisations to sign until Monday, 17 August. The letter urges the GCF Board to reject in particular two requests for so-called “Results-Based Payments” from the goverments of Indonesia and Colombia.