Working towards greater community control over land, forests and natural resources

Posts Tagged ‘IFC’

New report on land and forest “grabs” in Cambodia and Laos

Press Release, Global Witness, 14 May, 2013

The International Finance Corporation (IFC) and Deutsche Bank are financing Vietnamese rubber companies driving a wave of land and forest “grabs” in Cambodia and Laos, according to a new report and film by Global Witness.

The report, “Rubber Barons”, reveals how a pervasive culture of secrecy around plantation investments in the region has allowed two of Vietnam’s largest companies, Hoang Anh Gia Lai (HAGL) and the state-owned Vietnam Rubber Group (VRG), to acquire more than 200,000 hectares of land through a series of deals with the Lao and Cambodian governments that lack transparency.

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