In 2019, 22 communities in Liberia filed a complaint with the World Bank Group’s Compliance Advisor Ombudsman, accusing the International Finance Corporation of fueling abuse and environmental destruction through a loan to the Salala Rubber Corporation to expand its rubber plantations—with devastating consequences.
"Whereas the Bank’s push for large-scale agribusiness is global, the African continent is its central target"
The World Bank Group’s Compliance Advisor Ombudsman found that the IFC failed to follow its own safeguards, enabling widespread harm to land rights, community health, cultural heritage and women by the Salala Rubber Corporation.
Advocates for 22 communities affected by the problems told ICIJ the sale allowed Socfin and the IFC to minimize their responsibility for addressing harm done to workers and plantation residents, adding to longstanding criticisms of the World Bank's handling of damages caused by projects it finances.
The World Bank unit's "action plan" is an attempt to respond to its own compliance advisor's recommendations on issues ranging from land grabs to sexual exploitation on the plantation.
The state’s Commissioner for Agriculture and Agro-industrialisation says an Executive Order ensures that land acquisition and resettlement for large-scale agribusiness investments guarantees shared benefits between private investors and host communities.
More than a year late, the World Bank’s International Finance Corporation has finally submitted its response to an investigation that found evidence of grave human rights violations at the Salala Rubber Corporation (SRC) that it helps fund in Liberia.
Le Professeur Samir Amin franco-égyptien, a dénoncé lors d’un symposium organisé à Dakar, le 15 décembre 2024 l’accaparements des terres qui entrave le développement économique des pays africains et exacerbent les inégalités.
Corte de Delaware firma acuerdo poniendo fin a una demanda colectiva de las comunidades campesinas del Valle del Aguán en Honduras, reconociendo la responsabilidad de la Corporación Dinan y de la Corporación Financiera Internacional (CFI, por violencia armada -que resultó en al menos 40 asesinatos - para realizar el historico acaparamiento para expandir sus operaciones de aceite de palma.
US court orders the IFC to pay nearly $5 million in reparations to members of Honduran land defense movements who faced violence at the hands of security forces linked to a Central American palm oil corporation that received a $30 mn World Bank loan in 2009.
The Governor of Nigeria's Nasarawa State says the implementation of the Framework for Responsible Investment in Land-Intensive Agriculture (FRILIA), part of a World Bank economic transformation agenda programme, will attract large-scale private agricultural investments.
The transaction marks the World Bank's IFC's first engagement with an institutional timberland investment manager, which is expected to generate carbon credits through nature-based solutions in Brazil.
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CAR offers land ownership using cryptocurrency
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