Monday, May 7, 2012

World Bank Overseeing Global Land Grab

WASHINGTON, Apr 23, 2012 (IPS) - The World Bank continues to facilitate land-grabbing in poor and developing countries around the world, according to new research released here on Monday.

The report by Friends of the Earth, an international watchdog, is part of a host of initiatives taking place ahead of the start of the Annual World Bank Conference on Land and Poverty, which runs for the next four days.

Friends of the Earth says that anywhere from 80 to 227 million hectares of rural, often agrarian land, typically in poorer countries hungry for foreign investment, have been taken over by private and corporate interests in recent years.

Programmes and policies pushed by the World Bank, the organisation suggests, have been both directly and indirectly responsible for this trend, with examples reportedly coming from more than 60 countries. Read More