On 10 June 2011, the board of the World Bank's International Finance Corporation will likely approve a loan that will enable a company controlled by France's Louis Dreyfus Group to significantly expand its farmland holdings in the Southern Cone.
Le 10 juin 2011, les administrateurs de la Société financière internationale de la Banque mondiale vont probablement accorder un prêt qui permettra à une société appartenant au Groupe (français) Louis-Dreyfus d’élargir considérablement ses holdings agricoles dans le Cône Sud.
The International Financial Corporation has actually increased the ability of foreign investors to acquire land in developing country markets by promoting profitable deals, creating “investment promotion agencies” and rewriting national laws., says Anuradha Mittal
When will governments recognise the immense potential of their own farmers and their sustainable, diverse family farming systems, that are so desperately in need of genuine 'responsible' agricultural investment to assure food and seed sovereignty, asks Joan Baxter
As the International Finance Corporation (IFC), the private sector arm of the World Bank, announces plans to increase investment in agribusiness by up to 30 per cent in the next three years, NGO reports shed light on the IFC's role in the 'land grab' movement and flaws in its approach to the food crisis.
A new report from the Oakland Institute lays bare the insidious role played by international financial institutions like the International Finance Corporation of the World Bank and Foreign Investment Advisory Service, as well as rich nations, in promoting and facilitating this widespread land reappropriation--all in the name of promoting food security through foreign investment in agriculture.
Aimed at public and private market investors, this conference will explore opportunities for global investments in agricultural lands, commodities and infrastructure in North and South America, Australia, China, Eastern Europe, Southeast Asia and sub-Saharan Africa.
Private equity used to stay away from anything to do with agriculture, put off by the uncontrollable risks of bad climate and natural disasters. And yet in the last three years some big funds have been launched in the agribusiness space, and they are busy trying different ways of mitigating the risks.