Thursday, July 24, 2008

The left hand doesn't know what the right hand is doing

And it's not a good thing when this happens at the World Bank Group apparently. While they have adopted strong environmental guidelines, they are still funding projects which devastate habitats in the developing world.
An internal review recently published a report to that effect.

An article in the New York Times this week included this comment

"Korinna Horta, an economist at the Environmental Defense Fund, described how the International Finance Corporation, the World Bank’s private-sector arm, had promoted the expansion of livestock herds, soybean fields and palm oil plantations, which all tend to propel deforestation in the tropics, even as the World Bank simultaneously warned about forest loss and created a fund to curb deforestation."

Livestock, soybeans to feed the livestock, palm oil because it is transfat free (though not a big health treat!). Food issues.

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