Awww, Oxfam warns of rising land grabs in developing nations

LAND purchases by rich nations in the developing world are swallowing up as much as a third of some African states, undercutting efforts to raise food production, Oxfam has warned.

Awww, Oxfam warns of rising land grabs in developing nations Alwideafricanwomanwithc

The charity demanded an immediate moratorium on World Bank funding for the acquisition of land, saying its figures showed an area the size of London was being sold to foreign investors every six days.

The World Bank has tripled its lending to land deals over the past decade to more than $US8 billion.

''The World Bank is in a unique position to help stop land grabs becoming one of the biggest scandals of the century,'' said Barbara Stocking, the chief executive of Oxfam. ''Investment should be good news for developing countries, not lead to greater poverty, hunger and hardship.''

Read more: http://www.smh.com.au/world/oxfam-warns-of-rising-land-grabs-in-developing-nations-20121004-2727y.html#ixzz28PouvYYK

Awww, Oxfam warns of rising land grabs in developing nations

Awww, Oxfam warns of rising land grabs in developing nations

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