The planned expansion of plantations in the Papuan provinces of Indonesia should be immediately suspended and reviewed amid concerns over massive deforestation and widespread exploitation of local communities, environmentalists warned today.
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.
If Indonesia decides to go ahead with leasing farmland, it should do so with caution, keeping an eye on both the risks and the opportunities. We need to understand that we have a very strong bargaining position.
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.