World Bank Group
If the plans move forward, MIGA would not only be insuring a false climate solution that has spectacularly failed to reduce emissions over the past 20 years, but it would also provide insurance against host countries attempting to regulate the carbon trade.
World Bank's latest Business Ready or B-Ready project, announced on May 1, 2023, resuscitates the defunct Doing Business Report (DBR). Since its creation two decades ago, the DBR has been used to drive policy and regulatory changes that favor businesses and corporations at the expense of the people and the planet.
The government’s development strategy prioritizes a "modern" export-oriented commercial agriculture system that directly threatens farmers' and Indigenous Peoples' right to land and life. Those who organize and resist are killed or imprisoned with impunity in President Rodrigo Duterte's Philippines.
Shifting land registries onto blockchain is a part of the broader move to "unlock the economic potential of land" in order to put more land and natural resources into exploitation by private interests.
The VFV Law, the Farmland Act, and the LAAR Law are designed to encourage the legal takeover of lands that millions of farmers and Indigenous people rely on for their livelihoods. The three laws are a potent combination which ensure that the practice of land grabbing – widespread in Myanmar under its previous military dictatorship – can continue, now concealed by false promises of 'economic development.'