World Bank Ombudsman scrutinizes investment project in Aguán Valley, Honduras because of human rights abuses
International organizations welcome the World Bank Ombudsman´s initiative to scrutinize an investment project of the International Finance Corporation due to allegations of human rights violations of peasant communities in the Lower Aguán valley, Honduras, and demand immediate halt to the project. The statement (attached in Spanish and English) has been sent today to the Compliance Advisor Ombudsman (CAO) of the World Bank Group and was signed by the following 17 organizations and networks:
Food First's executive director, Eric Holt-Giménez speaking on land sovereignty at the Land Grabbing II conference
Land has become a refuge for surplus capital. Many of these land grabs are not for production, but rather for short-term financial speculation and much of this speculation is happening at the hands of local global elites.