New Report Dismantles World Bank’s Myths On Agriculture
In the agricultural domain for instance, the Bank claims to work to secure farmers’ access to land; however its direct financing to firms practicing large-scale and export-oriented agriculture is increasing pressure on land, water, and forests. In several countries, including Honduras and Lao People’s Democratic Republic (PDR), the Bank has directly supported investors that are grabbing land from local populations and that involve significant human rights violations.5 Recently, the Bank’s proposal to revise its environmental and social safeguard policies triggered concern that the institution will increase financing of projects that are damaging for the environment and local communities.6
The World Bank’s agriculture-related projects, which it claims aim to defend the interests of smallholders, in fact negate the potential of small-scale agriculture and agroecological practices to bring sustainable and inclusive development to countries.