The panel of the complaints mechanism for the German, Dutch and French development banks has ruled that a complaint submitted on 5 November 2018 by nine communities in the DR Congo is admissible. This means that the complaints mechanism will now begin a preliminary review process before initiating the mediation process requested by the communities to resolve their long-standing land conflict with Plantations et Huileries du Congo (PHC), a subsidiary of Canadian company, Feronia Inc.
The central aim of European Development Financial Institutions (DFIs) is to foster growth and reduce poverty. Yet in Africa, evidence is mounting that they have funded ‘forestry’ projects which have caused deforestation, possible land grabs, and undermined communities’ livelihoods.
Industrialized farming practices cost the environment some $3.33 trillion per year — more than the UK’s annual GDP — according to new research for the Food and Agriculture Organization of the United Nations by environmental consultants Trucost.
Supermarket chain owned by one of Germany’s wealthiest families, Lidl and its sister chain Kaufland have benefited from almost $900m (£576m) in public development money over the past decade through loan funding from the World Bank and from the European Bank for Reconstruction and Development (EBRD) as it expands into eastern Europe.