Farmlandgrab’s Joshua Pringle reports on the rise of the global land grabbing trend. Pringle suggests that the World Bank’s funding initiatives play a central role in maintaining detrimental foreign investment practices.
The World Bank claims that it works to help countries overcome inequality and ensure that new land investments offer benefits shared by local populations. Its Principles for Responsible Agricultural Investment (RAI), a list of voluntary principles for investors in agriculture, specifically lays out principles that are meant to protect the food security and natural resources of the public. The World Bank not only fails to comply with its own principles regarding agricultural investment; the Bank’s policies actually accomplish the opposite of its stated goals, facilitating land deals that have deleterious effects on local populations.
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