March 17, 2015
Conference on Land and Poverty: Who Does the World Bank Serve?
From the post:
“The big question is whose interests the World Bank really serves. While they spend considerable time and money painting themselves as champions of the poor, the Bank has a battery of practices and policies that suggest a very different truth,” said Anuradha Mittal of the Oakland Institute.
Mittal points to the hypocrisy of the Bank’s claims to be interested in “securing farmers’ access to land” by highlighting that around the world, local communities face forced evictions and human rights abuses linked to Bank-financed projects as documented in recent years in Uganda, Honduras, and Cambodia. Just last year, the Bank created a $350 million facility to cover the risks of investments made by the Silverlands Fund, a private equity fund that has been accused of financing land grabs.