World Bank told to stop lending to land grabbers – like Calyx Agro

Published on Food Crisis and the Global Land Grab, June 30, 2011.

Civil society organisations* from Latin America, Europe and around the world have issued an open letter calling on the World Bank’s International Finance Corporation to reject a proposal to finance Calyx Agro, a company that acquires farmland in Latin America on behalf of wealthy foreign investors. Calyx Agro is a subsidiary of Louis Dreyfus, one of the world’s biggest commodity traders. The World Bank is considering a loan of up US$30 million to help Calyx Agro expand its operations in Latin America.

The letter also denounces the Bank for its on-going support to other leading investors involved in land grabbing around the world.

The complete letter is available in English here.

The letter is also available in Spanish and French.

*Signatories are: … (full text).

Link: FrarmlandGrab in french.

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