Oil campaign

Indonesian NGOs are setting up a major new campaign against the expansion of large-scale oil palm plantations in their country. They see the IMF as partly to blame, as its US$41 billion rescue package was conditioned on opening the economy to foreign investment and encouraging commodity exports. The effects on peoples' lands and livelihoods appear to have been ignored. Indonesian groups will raise awareness of the World Bank and IMF involvement in the sector and the social, environmental and legal aspects of the plantation economy. International groups may be asked to support by sending letters to the IMF/WB.

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=15350>

Published: 15 September 1998 , last edited: 20 May 2008

Viewings since posted: 4143

Articles: 3795

Advanced article search
Search newswire and resources

Recent briefings & reports

Climate Investment Funds Monitor 7: April 2013 25 April 2013

Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013

The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013

World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013

The World Bank and industrial policy: Hands off or hands on? 6 December 2012

Climate Investment Funds Monitor 6: October 2012 26 October 2012