Tagged: land grabs
Investors are targeting the world’s weakest-governed countries to buy land, according to new analysis published by Oxfam to mark today’s international day of action on land grabs.
Laos is rich in natural resources. These resources have raised the appetite of its neighboring countries and direct foreign investments in mining, hydropower, and agricultural plantations are growing fast. But this economic trend puts pressure on natural resources and might exclude vulnerable communities.
The World Bank and IMF must step up their support for developing countries who are struggling with spiking food prices along with the fallout from Europe’s fiscal crisis, Oxfam said ahead of the annual meeting of the institutions in Tokyo this week.
Kristin Davis, Angelique Kidjo and Paul Theroux and others join the call on World Bank to temporarily freeze land deals in developing countries.
Big land deals are tearing whole communities apart, leaving people hungry and homeless. It's big business at a big cost. But the World Bank has the power to be a force for change, by protecting the rights of the world's poorest people. Act now to stop land grabs.
Land eight times the size of the UK was sold off globally in the last decade, enough to grow food for a billion people, or the equivalent to the number of people who go hungry in the world today.