Posts Tagged with "International Finance Corporation"

World Bank and IFC: The Big Bucks Behind Indonesia’s Rainforest Destruction

Thursday, June 3, 2010

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With oil gushing in the gulf, activists locking down in boardrooms, the ball of financial reform being thrown from Wall Street to Washington and back again, and Indonesia announcing a two year freeze on the parceling out of its forests to international corporations, the world’s focus seems to be on corporations. But in the struggle [...]

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The IFC freezes funding of oil palm

Tuesday, September 8, 2009

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The International Finance Corporation (IFC), a member of the World Bank Group, has frozen new investments in oil palm projects and is reviewing all current oil palm projects. The IFC is a major player in development, and their recognition of the negative social and ecological impacts of oil palm is a significant signal to the [...]

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