A loan from the World Bank's IFC will enable the firm to develop a 536-hectare shrimp farm in the Guayas coastal province and discussions are underway for the potential addition of 500 hectares in Panama.
A World Bank Group entity has agreed to a settlement to end a case alleging that it is liable for financing a notorious palm oil company’s violent land-grabbing campaign in Honduras
The World Bank’s private-sector lending arm is planning a return to palm oil financing after a 14-year suspension with a proposal for a syndicated loan of up to US$350 million to Olam to develop palm oil plantations in Gabon.
The accusation from Salala Rubber Corporation's affected communities comes as the IFC stands accused of ignoring past complaints against the corporation, which include land grabs, water pollution, and harassment.
The Ministry of Agriculture had signed over 500,000 acres of land for the implementation of the Land Commercialisation Initiative (LCI) in Kenya
Communities say a SOCFIN subsidiary used a $10M loan from the World Bank's IFC to turn the forests where they’d farmed and held sacred rituals into a massive rubber plantation.
IMC specializes in the cultivation of cereals, oilseeds and milk production on about 123,300 hectares of land in Poltava, Chernihiv and Sumy regions of Ukraine.
The Zambian farming company, backed by Norfund and the World Bank's IFC, has been sold by South Africa's Zeder Investments to a group of businessmen.
The World Bank’s private sector arm approved a US$200M loan to agribusiness giant Louis Dreyfus Company under the guise of “sustainable development.
Zambeef will use the funds to upgrade its feed mill, animal housing, purchase new equipment and develop 1,000 hectares of irrigation land, among other activities.
A major loan was approved this week for an industrial food producer operating in Brazil, despite concerns that the money would ultimately fund activities that contribute to deforestation.
Pumping public dollars into the destructive industrial meat sector is neither climate-resilient nor climate-smart, say Kari Hamerschlag and Peter Stevenson. It's also fuelling land grabbing.
