Skip to Navigation | Skip to Content | Leap to Bottom

GRAIN — Agro-colonialism in the Congo: European and US development finance bankrolls a new round of agro-colonialism in the DRC

5.8.15

GRAIN — Agro-colonialism in the Congo: European and US development finance bankrolls a new round of agro-colonialism in the DRC: Development finance institutions (DFIs) were created by northern governments to provide financing for high risk projects in so-called developing countries. Their role is to provide public money for private ventures that would otherwise struggle to raise capital for projects where the anticipated returns in terms of poverty alleviation are high.

Today these government-controlled institutions provide upwards of $100 billion to private companies operating in developing countries, which is equivalent to almost two thirds of official development assistance.1 A growing share of these funds are targeted at companies operating in the food and agriculture sector.2

Northern governments equipped their DFIs with codes and standards to guard against corruption and human rights violations in countries where they operate. These policies are meant to prevent DFIs from investing in companies that grab land, violate labour rights or engage in corrupt practices.


Read the full article … 

Dispatch: Aboriginal Press Media Group  |   Permalink  |   [5.8.15]  |   0 comments

476808832019283433

»  {Newer-Posts} {Older-Posts}  «

0 Comments:

Post a Comment


Links to this posting:

Create a Link


 / 5.8.15 / 2015/08/#476808832019283433




Aboriginal News Group

Contributing Editors, International Correspondents & Affiliates




This is an Ad-Free Newswire


#ReportHate
============
Southern Poverty Law Center


This site uses the Blogspot Platform



Impressum

Inteligenta Indigena Novajoservo™ (IIN) is maintained by the Aboriginal Press News Service™ (APNS) a subset of the Aboriginal News Group™ (ANG). All material provided here is for informational purposes only, including all original editorials, news items and related post images, is published under a CC: Attribution-Noncommercial 3.0 license (unless otherwise stated) and/or 'Fair Use', via section 107 of the US Copyright Law). This publication is autonomous; stateless and non-partisan. We refuse to accept paid advertising, swag, or monetary donations and assume no liability for the content and/or hyperlinked data of any other referenced website. The APNS-ANG and its affiliate orgs do not advocate, encourage or condone any type/form of illegal and/or violent behaviour.