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

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

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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