Oakland Institute’s report exposes the role of the Bank’s private sector branch, International Finance Corporation (IFC), in fueling land grabs, especially in Africa.
Oakland Institute’s report exposes the role of the Bank’s private sector branch, International Finance Corporation (IFC), in fueling land grabs, especially in Africa.
The World Bank Group (WBG) promotes large-scale land investment in developing countries as a “win-win” situation where investors profit and “host” nations benefit from economic development, improved agricultural infrastructure, and employment opportunities. Since the 2008 food and financial crises, the number of land investment deals in developing countries has skyrocketed, particularly in Sub-Saharan Africa.