20061008

 

Criticism of World Bank forest sector reform policies

Excerpt from the Whirled Bank Group website: "..The World Bank has been a major force in the destruction of the world's forests by financing logging projects, transmigration projects and dam projects. Criticism of its disastrous schemes in the Amazon, South East Asia and West Africa forced the Bank to adopt a new policy in 1991 that would prohibit lending for logging in primary forest in the hope of a curbing deforestation...a January 2000 internal World Bank study showed that forest lending has not curbed deforestation or reduced poverty, despite a 78% increase in forest-related lending over the past 10 years. A new proposed policy released in 2002 has been criticized for opening the door to more deforestation...The International Finance Corporation (IFC), the World Bank's private sector arm, loaned millions of dollars to Congolaise Industrielle des Bois (CIB), a German company controlled by Bremen-based company Hinrich Feldmeyer, in the1980s for logging on a 480,000 hectare concession in Pokola, northern Congo. Pokola is just outside the Ndoki national park, a region the size of Belgium which is believed to be the only forest in the world that has never been inhabited by human beings..."

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