Brazilian NGOs’ Panel claim with the Panel about the Cédula da Terra land reform project has not been accepted. The World Bank loan for this project aims to support the purchase of land for agrarian reform. The project encourages landless peasants to form associations to buy plots from landowners and provides loans to cover the land purchase. There is concern that the peasants will not be able to honour their debts and that the selection and valuation of plots by the landlords themselves will lead to “all types of shady business” and increase the concentration of income and wealth.
In the news
Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).