World Bank rejects call to halt land deals


The World Bank has rejected a call to suspend its involvement in large scale agricultural land acquisition following the release of a major report by the international aid agency Oxfam on the negative impact of international land speculation in developing countries.


 “We share the concerns Oxfam raised in their report,” the bank stated in an unusually lengthy public rebuttal to the Oxfam Report. “However, we disagree with Oxfam’s call for a moratorium on World Bank Group…investments in land intensive large-scale agricultural enterprises, especially during a time of rapidly rising global food prices.” 

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