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.
Giulia Franchi Campagna per la Riforma della Banca Mondiale (Rome) Tel: +39 06 7826855 Mob: +39 339 7077481 Email: [email protected] * The signatories to the letter are: Acción Ecológica, Ecuador Acción por la Biodiversidad, Argentina Campagna per la Riforma della Banca Mondiale (CRBM), Italy Centro Ecológico, Brazil COECOCEIBA-Amigos de la Tierra Costa Rica Confédération Paysanne, France Corporate Europe Observatory Focus on the Global South Friends of the Earth International GRAIN La Via Campesina Land Research Action Network (LRAN) Red de Coordinación en Biodiversidad, Costa Rica REDES-AT, Uruguay SOBREVIVENCIA, Amigos de la Tierra Paraguay
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