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.
World Bank & IMF in the news
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.