As an independent panel begun its review of the World Bank’s controversial Doing Business rankings, India’s public criticism of the rankings added weight to global governmental and civil society opposition.
The Bank's continued enthusiasm for agribusiness was evident in its March report, Growing Africa, which highlighted the potential of the African agriculture sector, currently valued at $313 billion a year, to triple if governments and business leaders engage in radical policy reform and generate public private partnerships.
As Oxfam called on the World Bank to freeze large scale land acquisitions, the Bank's new agriculture strategy remained under wrap. Concerns have also been raised about ongoing initiatives on 'climate-smart agriculture' and the development of Doing Business in Agriculture.
This event discussed how to invest in agriculture in a responsible way, including research on the scale of the global rush for land, and explored potential solutions to the problem, including the role that the World Bank can and must play.
This session featured a discussion on the implications of current water policy reforms that have increasingly privatised and commodified water.
In August, the Compliance Advisor/Ombudsman (CAO), the accountability mechanism of the International Finance Corporation (IFC, the World Bank's private sector arm), launched an audit into its $30 million investment in palm oil and food company Corporaci
The Bank's compliance body, the Inspection Panel (IP), has received a request for inspection from farmers who reforested land in India as part of a Bank carbon sequestration project
Civil society organisations met UK Executive Director to the World Bank Susanna Moorehead and staff from the Department for International Development to discuss IDA, education finance, infrastructure finance, fragile states, agriculture and land, Doing Business rankings, Oyu Tolgoi project in Mongolia.
The International Finance Corporation (IFC), the Bank's private sector arm, has attracted criticism for its purchase of a 6 per cent stake in Armajaro Trading, a London-based commodity trading house founded by controversial hedge fund trader, Anthony Ward.
As the World Bank held its Annual Conference on Land and Poverty in April, campaigners accused it once again of facilitating and legitimising 'land grabs' that harm local communities.