In March the World Bank board granted a waiver of its current safeguard policy for indigenous peoples in relation to a loan to the government of Tanzania for SAGCOT, a multi-million dollar public-private partnership agribusiness development project.
The World Bank's IFC is committing up to US$30 million to Hosen Investment Fund III, the latest vehicle from Hosen Capital, a Chinese private equity fund with a strong focus on agriculture and food industry.
The World Bank’s board has granted a massive agribusiness project in East Africa a waiver that exempts it from following the bank’s Indigenous Peoples Policy—sparking fears that the development lender is making an end run to resurrect a policy that it abandoned in public.
The World Bank’s board has granted an East African agribusiness project called SAGCOT a waiver that exempts it from following the bank’s Indigenous Peoples Policy — sparking fears among human rights advocates that the development lender is setting a precedent that weakens protections for indigenous peoples.
IFC, a member of the World Bank Group, will provide a debt financing package to Astarta, a leading agricultural producer, as part of broader efforts to support Ukraine's farming sector and spur economic development in the country.