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A study by NGO Rainforest Action Network of a World Bank-funded oil palm plantation in Papua New Guinea (PNG) reports violations of Bank performance standards. The Bank funded the plantations of agribusiness giant Cargill, with no record of a consultation process. Among the concerns raised is the Bank's support, through start-up loans, of a 'price taker' system that pushes costs of production such as seeds, pesticides and transport, onto the smallholders. CELCOR, a non-profit law group in PNG, says farmers are victims of "structural injustices by transnational corporations such as Cargill", that entrap them "in vicious cycles of debts to the milling companies." This text may be freely used providing the source is credited. This page is: <http://brettonwoodsproject.org/art.shtml?x=565633> Published: 20 November 2009 , last edited: 4 December 2009 Viewings since posted: 6015 |
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