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.
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.
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?
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.
Company plans 75,000 hectare expansion of Industrial Tree Plantations in Seven Countries in the Global South: Sierra Leone, Ghana, Uganda, Ethiopia, Peru, Ecuador and Paraguay. Download the leafelt to know more about the company and why communities should be alert.
Despite the government of Brazil announcing cutbacks to action against deforestation, the Green Climate Fund awarded US$ 96 million for alleged emission reductions in the Brazilian Amazon. These avoided emissions in part exist only on paper.
