Neocolonialism | Ourstorian
“We share the concerns Oxfam raised in their report,” the bank stated in an unusually lengthy public rebuttal to the Oxfam Report. “However, we disagree with Oxfam’s call for a moratorium on World Bank Group…investments in land intensive large-scale agricultural enterprises, especially during a time of rapidly rising global food prices.”
“A moratorium focused on the Bank Group targets precisely those stakeholders doing the most to improve practices – progressive governments, investors, and us. Taking such a step would do nothing to help reduce the instances of abusive practices and would likely deter responsible investors willing to apply our high standards,” the rebuttal said. • Africanglobe
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