SPECIAL REPORTS AND PROJECTS
World Bank Group – International Monitory Fund its role in the global land grabs
Published
7 years agoon

By witnessradio.org/farmlandgrab.org
The World Bank Group between 2006 and 2016, has directly funded at least 14 large land deals spanning at least 900,000 hectares and provided securities financing to over 700,000 more in Africa, Latin America, South and South East Asia.
Most notorious of these are the landgrabs funded by the IFC. In Guinea, IFC has financed resource extraction projects amounting to US$140M in loans, which resulted to the displacement of 150,000 people. Hundreds of thousands more face the risk of cyanide pollution in their water sources. Similarly, IFC has funded mining operations in Myanmar [xvi] that displaced 16,000 farmers and indigenous Karen peoples in 23 communities.
In more than 30 countries – mostly in the Global South – the IFC has been bankrolling landgrabs through financial intermediaries. Private equities and commercial banks fund these lucrative land deals that have adverse social, political, environmental, and humanitarian impacts [xvii].
The IFC has been setting up Climate Funds and ‘green bonds’ to supposedly leverage private sector money towards environmental protection and climate change mitigation. Ironically, almost 70% of these projects are power generation projects such as dams and coal powered power plants in 12 countries including Bangladesh, Cambodia, Ghana, Philippines, and Sierra Leone [xviii]. On the other hand, 46% of area in land grabs are for extractive mining of metals and oil explorations in 15 countries including the Mekong Delta, Egypt, Zambia, Uganda, South Africa and Colombia. In nine countries, large-scale plantations of palm oil, rubber, cotton, and sugarcane are also a huge part of the land grabs in Indonesia, Mozambique, Ethiopia, and Gabon [xix]. “Green” funds supposedly predicated at mitigating climate impacts are grabbing forest lands, burning them and transforming them into plantations!
Despite peoples’ movements and civil society groups’ condemnation of IFC, it has increased agriculture and land-directed “investments” throughout the years [xx]. The World Bank itself lied through its teeth three years ago when it said that only 2% of IFC’s investment in agriculture and forestry had “any component related to land acquisition” [xxi].
More than the rhetoric of achieving food security, landgrabs are motivated by backing financial instruments and assets of the rentiers of financial oligarchs. Since the global financial meltdown of 2008, financial institutions, led by US-based asset-holding corporations and institutions [xxii], are becoming the largest actors behind global land grabs.
While IFC provides the funding including through direct and indirect equity investments, another for-profit arm of the World Bank Group insures landgrabbing investors – the Multilateral Investment Guarantee Agency (MIGA). MIGA provided political risk insurance to several asset-holding corporations and pension funds, including the US$65M it extended to sugar plantation expansion in Mozambique and the US$50 million cover for London-based Chayton Capital in grabbing 20,000 hectares of land in Zambia [xxiii]. MIGA is systematically betting against national interest of host peoples against nationalization, conflict, and acquisition contentions.
While not necessarily exhaustive, much discussion has been done by civil society organizations in the past few years on the role of direct investments and sub-investments of the World Bank Group in landgrabbing. Little have been said on the much larger role it played to facilitate the global land rush – the neoliberal globalization and corporatization of development.
Sowing the seeds of landgrabbing
The IMF-World Bank played a critical historical role in enabling landgrabs in the Global South.
The IMF-World Bank’s neoliberal restructuring of national economies in the late 70’s to early 90s under the structural adjustment program (SAP), and later on the US Treasury-led Washington Consensus, have laid the grounds and sowed the seeds of this massive scale of foreign and foreign-funded landgrabbing.
For decades, the IMF-World Bank Group imposed market colonialism and economic genocide through conditional loans and the IMF shadow program/advisory services as prerequisites of said loans. The triumvirate of market liberalization, deregulation of primary resources and services, and privatization of State assets and facilities forced through so-called adjustment loans have drastically diverted resources away from the domestic economy [xxiv]. On the other hand, it funded export crop production to suit the demand of the innocuous ‘world market’ increasingly dominated by US and EU-based agribusiness monopolies.
Most devastating of such ‘advisory services’ concern land tenure and governance. National legislations on land rights are often developed under the direct scrutiny and advisory services of the Legal Department of the World Bank. The World Bank advocated a market-assisted land reform program predicated on “comparative advantage” of land use, when in practice, it led to reconcentration of lands and evaded intact land monopolies altogether [xxv]. In almost all cases, privatization of agricultural lands is structured in a way that land sales are diverted to debt servicing [xxvi].
In Peru, where more 80,000 hectares of lands were grabbed in the last decade, the 1991 Land Law pushed by the Inter-American Development Bank (IADB) and advisory services of the World Bank required a minimum of 10 hectares as a unit of ownership. This encouraged the centralization of lands to the hands of a few while the parceleros (small farmers) were forced to either sell or give up control of their lands to landlords [xxvii].
In India, the abolition of land ownership ceilings was one of the explicit conditions of World Bank loans.
In sub-Saharan Africa, the World Bank pressured the states in the late 90s to privatize the agricultural lands, which resulted in carbon copy Land Laws that sold the peasant lands – mostly without consent and consultation and often violent — or have leased it out to international agribusinesses for 50-99 years.
Similar laws predicated on a redistributive model have been done in Brazil, Philippines and Colombia where supposedly redistributive land reforms incentivized land monopolies and created conditions for mortgage forfeitures, resulting in a larger landless populace than before. By 1996, the World Bank adopted an aggressive policy of full private ownership of agricultural lands and land market development programs.
The World Bank also facilitated in developing national customary land laws in its “plural land tenure and governance” policy, which privatized the control, if not the ownership, of ancestral lands of Indigenous Peoples and forests, assigning them lease and market value.
The SAP radically eroded the capacity of developing nations to produce staple food domestically. The currency devaluation in combination with the unification of exchange rates and controls have provided an impetus for the growth of commercial farms. This and the deregulation of staple food prices and liberalization of food imports have removed the protection to farmers producing food crops and forced countries to import-substitute crops. In sub-Saharan Africa, privatization of roads and deregulation of oil resulting to high transportation costs crippled farmers selling their food in the local market, which competes with dumped agricultural products from the Northern countries. In other developing countries, irrigation was privatized through World Bank’s policies on water property rights and markets.
Monoculture cropping was also the war cry of the World Bank as heavily subsidized TNCs from the US and EU encroached on privatizing local seed banks, seizing the opportunity of peasant ruin in the countryside. It restructured farming relations from local food production to export-oriented commercial farming.
As a result, the SAP enabled the proliferation of global monopolies that control food production, inputs, and distribution while starving the farmers from the developing world. The establishment of the World Trade Organization (WTO), the World Bank’s brother-in-arms against food sovereignty, has put the denationalization of food systems on overdrive.
Since WTO, profits in the globalized era are sought in increasingly speculative and fraudulent activities [xxviii], and agriculture is specially not exempted. The footprint of speculative activities in the global land rush, especially in 2008 onward, pushed the prices of food staples and led to the food riots and conflicts, which led millions of people in the developing world in a spiral of hunger and poverty [xxix].
In developing countries, the World Bank demanded, the phasing out of agricultural subsidies and the privatization of State seed and fertilizer facilities through the SAPs to “create space for the private sector”. So now, it suffers voluntary amnesia whenever it talks about the “gaps” in agricultural funding supposedly filled in by the private sector, since it created that “gap”.
Maximizing Finance for Development:
Incentivizing Land Grabs and Corporatization of Agricultural Development
The IMF-World Bank in its policy paper “Maximizing Finance in Development in Agriculture Value Chains”, which it hypocritically titled “The Future of Food”, further elaborates the latest installment of IMF-World Bank’s longstanding attack on people’s right to food and food sovereignty, and the offensive advance of greater corporate takeover of agriculture and corporatization of agricultural development.
In the paper, the World Bank describes crowding in funds from the private sector as the all-encompassing key in closing the “gap” in funding for agricultural development. While the paper discusses and hides behind the “alignment” of agricultural development to strategic goals of “poverty reduction” and “providing better jobs and boosting shared prosperity”, it paints a plan to further denationalize food systems and increase financialization in food production, control, and distribution, which divert funds for farmers to incentivizing and de-risking TNC investments and monopoly control.
Advocating Use-Certificates and Access to Rental and Land Markets in lieu of right to land. In continuing its role as an enabler of landgrabbing and further absolving itself of culpability, the paper points out that “weak government policies on land tenure and governance” [xxx] cause risks of landgrabs. In the same breath, the IMF-World Bank calls for national policy reforms advocating more secure use-certificates to minimize the risk of agricultural investments for financial actors. This is doublespeak for the further erosion of the already denied rights of farmers and Indigenous Peoples to land and resources.
While it laments that only 10% of lands in sub-Saharan Africa are registered, it advocates the Ethiopian use-certification land reform that led to the land grabbing of between 2.5 to 2.71 million hectares of land in Ethiopia, which is up to 58.2% of total land area suitable and available for agricultural production, between 1992 and 2010 alone. This comes to no one’s surprise as IFC enabled a 110,000-hectare plantation landgrab in Ethiopia last 2010, where it provided US$150 million loan to ICICI Bank, the landgrabber Karuturi Global’s investor. The IMF-WB continues its efforts in eroding policies on peoples’ right to land through the Land Governance Assessment Framework.
Guarantee, award, incentivize TNCs and monopolies while sponsoring neglect of farmers and domestic food production. The paper promotes the rollback of any State support for farmers and national food production. It calls for a “shift in public policies from direct agricultural support towards improving private sector access to risk management instruments for agriculture”. This shift means indiscriminate phasing out of subsidies to farmers, privatization of state assets related to food production, and the “decoupling of subsidies” away from staple foods as these “crowd out” private sector participation. Moreover, it also calls for an exit of State banks and state capital in funding, lending, and insuring small farmer and staple food production to “create spaces” for commercial banks and international private financing.
These deregulation policies in agriculture coupled with further liberalization, redolent of the disastrous SAPs, will further cripple national capacity to produce food and mitigate world food price spikes. As it is, public spending in agriculture in the global south is on a four-decade long decline [xxxi] in relative terms. In fact, in the south of Sahara, where more than 80% of people depend on agriculture, public spending declined by 25% in the last three decades [xxxii]. A more significant decline was also noted in the Latin America and the Caribbean. Financing takes up an increasing amount of public spending in agriculture, while less and less in direct subsidies to farmers [xxxiii]. A World Bank review attributes this shift to “an era of policy reform” towards market liberalization [xxxiv].
On the other hand, the World Bank has no qualms in subsidizing the entry and entrenchments of agribusiness monopolies in the Global South. In 2009, IFC gave a US$75-million equity infusion to the US$625-million investment vehicle Altima One World Agriculture Fund. The Altima Fund owns majority shares of the El Tejar, the soybean monopoly in Argentina. This then enabled El Tajar to position itself, through more than 200,000 hectares in land grabs, as the largest farm operator in Argentina, Bolivia, Uruguay, and Brazil [xxxv].
Rising prices and trade liberalization also catalyze land grabs. In Cambodia, for example, there is a major uptick in land grabbing due to the “Everything but Arms Treaty” that was signed with the EU. Under the treaty, Cambodia can export sugar duty free.
The paper also prescribes Public-Private-Partnerships (PPP) “wherever possible”, a project funding model worse than privatization. PPPs in agriculture lead to user fees in irrigation and rural infrastructure, opening up land, water extraction, genetic and natural resources to the private sector exploitation; changing national seed laws; lifting plant variety protection, even accommodating the propagation of questionable crops such as those genetically modified; giving up national R&D to the control of agribusiness TNCs and allowing their techno-fixes to low productivity; and changing concepts of land rights and agrarian reform, among others.
In stark contrast to the prescribed neglect to farmers, the paper advocates the diversion of the meager funds to shielding agribusinesses from risks of nationalization, expropriation, disputes, conflict and political risks, even calamities – for countries to bet against their farmers and agricultural workers!
As if not enough, the paper advocates a private sector-led and -centered diagnostic systems in agricultural development – adding control over “assessment framework” and “diagnosis” to the arsenal of corporate power. As it is, the “private sector” is simultaneously the plaintiff, the perpetrator, the lawmaker, the lawyer, and the judge in disputes. Of the 855 known ISDS [1]cases, where 542 were filed in the World Bank’s international investment dispute settlement ICSID [2], 61% were decided in favor of the investor and only 39% in favor of the state[3] [xxxvi]. In fact, the IFC and the World Bank have consistently invoked its “absolute immunity” in class action lawsuits directed against them over the past few years[xxxvii].
Unsurprisingly, the paper advocates as well for the “harmonization” of seed laws. These laws, as made clear by farmers in Africa, are violating the rights of people to seed and seed biodiversity — supporting policies for privatization of seeds and criminalization of seed saving and strengthening the position of international seed monopolies like Bayer-Monsanto and DuPont.
Further deepening of financialization of food systems and increasing the speculative nature of land and food markets.Financialization has been pushing prices of food and fueling the landgrabs since 2008. In fact, from 2004, IFC has funded US$4.55 billion in loans and grants to financial intermediaries linked to over hundreds of projects that resulted in landgrabbing, displacement of peoples, ruin of livelihood, and environmental degradation [xxxviii]. These financial intermediaries, which include banks, insurance companies, microfinance institutions, and private equity funds, received the biggest share of World Bank’s investments through the IFC [xxxix].
While the World Bank advocates for the “deepening of financial markets in developing countries” and in agriculture, it leaves out in convenience the fact that global agricultural markets today are already riddled and closely entangled with increasingly speculative funds, bonds, derivatives, and other financial instruments like the commodity index fund which drives agricultural inputs and product prices upward – a double burden for farmers.
As already mentioned above, the IFC has also been setting up of green funds and climate change mitigation funds that has predated on forests and Indigenous Peoples’ rights to land and self-determination. The IFC boasts that its investments in climate financing have reached US$18.3 billion and mobilized $11 billion in private sector funding for climate since 2005 [xl] — including 109 green bonds.
Since 2011, IFC has invested a total of US$246.5 million [xli] in RCBC, a Philippine-based bank, including at least US$22.5 million in IFC’s climate loans [xlii]. RCBC has been funding the construction and operation of 20 coalfired power plants in the Philippines, which have displaced and affected at least 28 communities of farmers and fishers.
Killings amid poverty and landlessness
Growing landlessness and soaring rural poverty are the clear and inevitable effects of IMF-WB neoliberal policies. IMF-WB’s decades of policies of auctioning off agricultural lands to land markets and their promotion of market-led land reforms and speculation have marginalized large portions of already impoverished farmers in the global south in favor of local elites and international investors. [xliii]
Commodification of agricultural and forestlands has led to greater concentration of land in the hands of local elites while systematically excluding small farmers [xliv]. Large haciendas and latifundia in Asia and in Latin America remain intact and have grown and evolved over the last century.
In most of the developing countries today, 95% of farms being tilled by small farmers are below 5 hectares. However, these farms occupy only 66 to 75% of the total arable lands[xlv]. This means that the remaining 5% of farms are large landholdings where 25 to 33% of the total arable lands are concentrated. In the Middle East and North African region, 80% of farms occupy only 20% of total agricultural area. While in Latin America, the largest 10% of farms hold 60% of total agricultural area [xlvi]. In the Philippines, 57% of farms cover only 12% of total agricultural lands [xlvii].
The intense concentration of agricultural lands in the hands of landlords and corporations indicate how massive landlessness is among farmers and agricultural workers. The total of 12 million farmers displaced by reported land grabs in the last decade add to the already high number of landless in the global south. In India alone, 41.63% of rural households are landless, which translate to 307 million people [xlviii].
In addition, neoliberal schemes such as contract growing and other lease-type agreements wrest the control of farms from small farmers and hand it over to agribusiness ventures. Thus, even the landed small farmers end up as agricultural workers in their own land.
Land grabs in the past few years are also becoming more violent and heavily militarized as more and more communities resist forced displacement. The IMF-WB itself is complicit in the piling bodies of farmers and land rights activists in the Global South.
For example, in Honduras, one of the deadliest countries on earth for farmers and land rights activists, the IFC gave a loan of US$15 million to the Dinant Group in 2009. The Dinant Group, owned by the wealthiest man in the country and one of the biggest landlords in the Aguan Valley, killed more than 36 farmers in 2011, in the wake of its way to being Honduras’s biggest oil palm plantation operator – bagging 60% of palm oil exports in the country [xlix]. The World Bank has profited off farmers’ murders.
Agribusiness and mining landgrabs total the greatest number of extrajudicial killings, according to reports. Not only are small farmers neglected in policy making; the human rights of peasants and land rights defenders are also disregarded and even attacked by the state. In fact, in the 207 reported global killings of farmers and land rights defenders in 2017, at least 53 were state-sponsored.
Towards peoples’ right to food and food sovereignty
But amid all these attacks, the farmers, Indigenous Peoples, and other rural peoples’ resistance against landgrabbing is also gaining ground. In fact, there are numerous cases of landgrabs that were delayed, thwarted, and even denied because of the communities’ determined assertion of their right to land and resources. While there are many factors in the relative slowdown of global landgrabs over the last three years [l], rural peoples’ determination to expose, directly confront and challenge the land grabbers has made a significant impact.
In the Philippines, for instance, farmers and Indigenous Peoples are standing their ground in lands that are being grabbed for oil palm plantations, for mining and coal-fired power plants, and for ‘green cities’, among others. In the province of Misamis Oriental in Mindanao, Indigenous Higaonan people continue to keep at bay the state-backed ABERDI [4] company from displacing them in 530 hectares of ancestral lands earmarked for oil palm plantation expansion. Retaking lands from landgrabbers and centuries-old haciendas through what we call “bungkalan” or land occupation and collective cultivation also marks the resistance of farmers and Indigenous Peoples in various provinces of the Philippines like Negros, Bohol, Bukidnon, Tarlac, Batangas, Samar, Sorsogon, and Davao[li].
In West Bengal, India, Singur peasants deployed a combination of legal, on-ground, and political actions against manufacturing giant Tata Motors over 500 hectares of agricultural lands. The historic 2016 decision of the West Bengali court in favor of the farmers and the unwavering resolve of the Singur peasants have swept the region. It catalyzed a wave of peasant struggles and prompted land reform amendments in the region.
In Brazil, land occupation movements led by the Liga de Campesinos Pobres in Pau D’arco, Para, North of Brazil and in the Beirada Farm in Manga remain a bulwark of peasant power against mining and agribusiness landgrabbers. Despite more than 40 farmers and activists already killed and hundreds more arrested in the defense of their lands last year alone, the Brazilian farmers continue to thwart landgrabs and persist in reclaiming their lands. In Santa Elina, poor and landless farmers took over the old Hacienda Sta. Elina and are now collectively cultivating the “blood stained” lands they have for decades been fighting for.
Today as the IMF-World Bank and their client countries unite to find new ways to plunder our lands, exploit and oppress our rural peoples, and take away the peoples’ rights, we raise our clenched fists as one and reaffirm our resolve to defend our land and resources, to stop further corporate takeover of development, and to reclaim our rights to land and food sovereignty.
Stop Land Grabs! Reclaim our rights and future!
Fight for Genuine Agrarian Reform!
Stop killing farmers!
Assert our right to food, land, and food sovereignty!
Junk IMF-World Bank’s neoliberal agenda!
Shut Down the IMF-World Bank!
Rafael Mariano is the Chair Emeritus of Kilusang Magbubukid ng Pillipinas. He was the former Secretary of the Philippine Government’s Department of Agrarian Reform (DAR).
Notes
https://peoplesglobalconference.weebly.com/resource1.html#_ftnref1” style=”font-weight: 600; trans
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SPECIAL REPORTS AND PROJECTS
Top 10 agribusiness giants: corporate concentration in food & farming in 2025
Published
1 month agoon
August 28, 2025


Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share 19
|
1
|
Bayer (Germany)20
|
11,613
|
23
|
2
|
Corteva (US)21
|
9,472
|
19
|
3
|
Syngenta (China/Switzerland)22
|
4,751
|
10
|
4
|
BASF (Germany)23
|
2,122
|
4
|
Total top 4
|
27,958
|
56
|
|
5
|
Vilmorin & Cie (Groupe Limagrain) (France)24
|
1,984
|
4
|
6
|
KWS (Germany)25
|
1,815
|
4
|
7
|
DLF Seeds (Denmark)26
|
838
|
2
|
8
|
Sakata Seeds (Japan)27
|
649
|
1
|
9
|
Kaneko Seeds (Japan)28
|
451
|
0.9
|
Total top 9
|
33,695
|
67
|
|
Total world market29
|
50,000
|
100%
|
Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
1
|
Syngenta (China/Switzerland)43
|
20,066
|
25
|
2
|
Bayer (Germany)44
|
11,860
|
15
|
3
|
BASF (Germany)45
|
8,793
|
11
|
4
|
Corteva (US)46
|
7,754
|
10
|
Total top 4
|
48,472
|
61
|
|
5
|
UPL (India)47
|
5,925
|
8
|
6
|
FMC (Germany)48
|
4,487
|
6
|
7
|
Sumitomo (Japan)49
|
3,824
|
5
|
8
|
Nufarm (Australia)50
|
2,056
|
3
|
9
|
Rainbow Agro (China)51
|
1,623
|
2
|
10
|
Jiangsu Yangnong Chemical Co., Ltd. (China)52
|
1,595
|
2
|
Total top 10
|
67,982
|
86
|
|
Total world market53
|
79,000
|
100
|

Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
1
|
Nutrien (Canada)72
|
15,673
|
8
|
2
|
The Mosaic Company (US)73
|
12,782
|
7
|
3
|
Yara (Norway)74
|
11,688
|
6
|
4
|
CF Industries Holdings, Inc, (US)75
|
6,631
|
3
|
Total top 4
|
46,774
|
24
|
|
5
|
ICL Group Ltd. (Israel)76
|
6,294
|
3
|
6
|
OCP (Morocco)77
|
5,967
|
3
|
7
|
PhosAgro (Russia)78
|
4,989
|
3
|
8
|
MCC EuroChem Joint Stock Company (EuroChem) (Switzerland/Russia)79
|
4,298
|
2
|
9
|
OCI (Netherlands)80
|
4,188
|
2
|
10
|
Uralkali (Russia)81
|
3,497
|
2
|
Total top 10
|
76,007
|
39
|
|
Total world market82
|
196,000
|
100
|

Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
1
|
Deere and Co. (US)89
|
26,790
|
15
|
2
|
CNH Industrial (UK/Netherlands)90
|
18,148
|
10
|
4
|
AGCO (US)91
|
14,412
|
8
|
3
|
Kubota (Japan)92
|
14,233
|
8
|
Total top 4
|
73,583
|
43
|
|
5
|
CLAAS (Germany)93
|
6,561
|
4
|
6
|
Mahindra and Mahindra (India)94
|
3,156
|
2
|
7
|
SDF Group (Italy)95
|
2,197
|
1
|
8
|
Kuhn Group (Switzerland)96
|
1,583
|
0.9
|
9
|
YTO Group (China)97
|
1,493
|
0.9
|
10
|
Iseki Group (Japan)98
|
1,057
|
0.6
|
Total top 10
|
89,629
|
52
|
|
Total world market99
|
173,000
|
100
|

Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
1
|
Zoetis (US)115
|
8,544
|
18
|
2
|
Merck & Co (MSD) (US)116
|
5,625
|
12
|
3
|
Boehringer Ingelheim Animal Health (Germany)117
|
5,100
|
11
|
4
|
Elanco (US)118
|
4,417
|
9
|
Total top 4
|
23,686
|
49
|
|
5
|
Idexx Laboratories (US)119
|
3,474
|
7
|
6
|
Ceva Santé Animale (France)120
|
1,752
|
4
|
7
|
Virbac (France)121
|
1,348
|
3
|
8
|
Phibro Animal Health Corporation (US)122
|
978
|
2
|
9
|
Dechra (UK)123
|
917
|
2
|
10
|
Vetoquinol (France)124
|
572
|
1
|
Total top 10
|
32,727
|
68
|
|
Total world market125
|
48,000
|
100
|

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SPECIAL REPORTS AND PROJECTS
Maasai demand Volkswagen pull out of carbon offset scheme on their lands
Published
3 months agoon
July 24, 2025
Maasai Indigenous people in Tanzania have called on Volkswagen (VW) to withdraw from a controversial carbon credits scheme which violates their rights and threatens to wreck their livelihoods.
In a statement, the Maasai International Solidarity Alliance (MISA) denounced the “loss of control or use” of vital Maasai grazing grounds, and accused VW of making “false and misleading claims” about Maasai participation in decision making about the project.
Many Maasai pastoralists have already been evicted from large parts of their grazing lands for national parks and game reserves, with highly lucrative tourist businesses operating in them. Now a major new carbon-credit generating project by Volkswagen ClimatePartner (VWCP) and US-based carbon offset company Soils for the Future Tanzania is taking control of large parts of their remaining lands, and threatening livelihoods by upending long-standing Maasai grazing practices.
The Maasai have not given their free, prior and informed consent for the project. They fear it will restrict their access to crucial refuge areas in times of drought, and threaten their food security.
Ngisha Sinyok, a Maasai community member from Eluai village, which is struggling to withdraw from the project, told Survival: “Our livestock is going to be depleted. We will end up not having a single cow.” Asked about VW’s involvement in the project, he replied, “It is not a solution to climate change. It is just a business for people to make money using our environment. It has nothing to do with climate change.”
Another Maasai man, who wished to remain anonymous for fear of reprisals, said: “They use their money to control us.” A third said: “Maasailand never had a price tag. In Maasailand, there is no privatization. Our land is communal.”
Survival International’s Director of Research and Advocacy, Fiona Watson, said today: “The carbon project that Volkswagen supports violates the Maasai’s rights and will be disastrous for their lives, all so the company can carry on polluting and greenwash its image. It takes away the Maasai’s control over their own lands and relies on the false and colonial assumption that they are destroying their lands — which is not supported by evidence.
“The Maasai have been grazing cattle on the plains of East Africa since time immemorial. They know the land and how to manage it better than carbon project developers seeking to make millions from their lands.”
VW’s investment in the project, whose official name is the “Longido and Monduli Rangelands Carbon Project”, is believed to run to several million dollars, and has contributed to corruption and tensions in northern Tanzania, according to MISA’s report on the project.
An adjacent project in southern Kenya, also run by Soils for the Future, is beset with similar problems, and has already sparked resistance from local communities.
Survival International’s Blood Carbon report revealed that the whole basis for these “soil carbon” projects is flawed, and unsupported by evidence. Survival documented similar problems with the highly controversial Northern Kenya Grasslands Carbon Project. That project suffered a blow in a Kenyan court and was suspended and put under review by Verra, the carbon credit verification agency, for an unprecedented second time.
Source: Survival International
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SPECIAL REPORTS AND PROJECTS
Seizing the Jubilee moment: Cancel the debt to unlock Africa’s clean energy future
Published
3 months agoon
July 12, 2025
Africa has the resources and the vision for a just energy transition, but it is trapped in a financial system structured to take more than it gives. In this blog, we outline how debt burdens and climate impacts are holding the continent back, and looks at the role of institutions that shape the global financial order, like the World Bank, African Development Bank and IMF. As these institutions and governments meet in Seville for FfD4, we urge them to heed people’s calls for reform: cancel the debt, redistribute the wealth, and fund the just transition. — By Rajneesh Bhuee and Lola Allen
With 60% of the world’s best solar energy resources and 70% of the cobalt essential for electric vehicle batteries, the African continent has everything it needs to power its development and become a global reference point for sustainable energy production. That potential, however, remains largely untapped; Africa receives just 2% of global renewable energy investment. As the UNCTAD Secretary-General Rebeca Grynspan warns, too many countries are forced to “default on their development to avoid defaulting on their debt.”
The cost of servicing unsustainable debts, layered with new loan-based climate and development finance, leaves governments with little fiscal space to invest in clean energy, health or education. In 2022 alone, African countries spent more than $100 billion on debt servicing, over twice what they spent on health or education. Add to this the $90 billion lost annually to illicit financial flows, and the reality is stark: more money leaves the continent through financial leakages (also including unfair trade and extractive investment) than comes in through productive, equitable and development-oriented finance.
These are not isolated problems. They reflect a financial system that has been built to serve global markets rather than people. Between 2020 and 2025, four African countries defaulted on their external debts, that is, they failed to make scheduled repayments to creditors like the International Monetary Fund or bondholders, triggering fiscal crises and, in several cases, IMF interventions tied to austerity measures. Pope Francis’ Jubilee Report (2025) and hundreds of civil society groups argue that these defaults reflect the deeper crisis of unsustainable debt. Meanwhile, 24 more African countries are now in or near debt distress. None have successfully restructured their debts under the G20 Common Framework, a mechanism launched in 2020 to facilitate debt relief among public and private creditors. The Framework has been widely criticised for being slow, opaque and ineffective. According to Eurodad, without urgent systemic reforms, up to 47 Global South countries, home to over 1.1 billion people, face insolvency risks within five years if they attempt to meet climate and development goals.
How debt undermines the just energy transition
Debt has become both a driver and a symptom of climate injustice. Countries that did the least to cause the climate crisis now pay the highest price, twice over. First, they suffer the impacts. Second, they must borrow to rebuild.
This is happening just as concessional finance disappears. The US has withdrawn from the African Development Fund’s concessional window (worth $550m), yet maintains influence over private-sector lending. It has also opted out of the UN Financing for Development Conference (FfD4), a historic opportunity to confront the injustice of our financial system. Meanwhile, European governments, though now celebrating themselves as defenders of multilateralism, played a key role in weakening the outcome of FfD4, slashing aid budgets, redirecting funds toward militarisation, and systematically blocking proposals for a UN-led sovereign debt workout mechanism. With rising insecurity and geopolitical tensions, these actions send a troubling signal: at a moment when global cooperation is urgently needed, many Global North countries are stepping back from efforts to fix the very system that is preventing climate justice and clean energy for much of the Global South.
A role for the AfDB?
The African Development Bank (AfDB), under incoming president Sidi Ould Tah , has made progressive commitments of $10 billion to climate-resilient infrastructure and $4 billion to clean cooking. Between 2022 and 2024, one in five (20%) of its energy dollars were grants, far exceeding The World Bank ‘s 10% and the Asian Development Bank (ADB) ‘s 3.8%. The AfDB has also backed systemic reform: for example, calling for Special Drawing Rights (SDR) redistribution, launching an African Financial Stability Mechanism that could save up to $20 billion in debt servicing, and consistently advocating for fairer lending terms.

Yet, even progressive leadership struggles within a broken system. Recourse’s recent research shows that AfDB energy finance dropped 67% in 2024, from $992.7 million to just $329.6 million. Of this, a staggering 73% went to large-scale infrastructure like mega hydro dams and export-focused transmission lines, ‘false solutions’ that bypass the energy-poor and displace communities. Meanwhile, support for locally-appropriate, decentralised renewable energy systems such as mini-grids, solar appliances, and clean cookstoves plummeted by over 90%, from $694.5 million to just $61 million, with only five of 13 projects directly addressing energy access in 2024.
Africa received just 2.8% of global climate finance in 2021–22, and what is labelled as “climate finance” is often little more than a Trojan horse: resource-backed loans, debt-for-nature swaps, and blended finance instruments that shift risk to the public while offering little real benefit to local communities. These mechanisms, promoted as “innovative” or “green”, often entrench financial dependency and fail to deliver meaningful change for energy-poor or climate-vulnerable groups.
Meanwhile, initiatives that could build green industry and renewable capacity across Africa are falling short in both scale and speed. Flagship projects, such as the EU’s Global Gateway, have failed to drive green industrialisation in Africa, and carbon markets continue to delay real emissions reductions, subsidise fossil fuel interests, and entrench elite control over land and resources.
Mission 300: Ambition or another missed opportunity?
In this constrained context, the AfDB and World Bank launched Mission 300, an ambitious plan to connect 300 million Africans to electricity by 2030. Pragmatic goals like electrification are crucial, but the story beneath the surface of Mission 300 raises concern. Far from serving households, many projects under the initiative appear more aligned with export markets and large-scale energy users, echoing decades of infrastructure that bypasses those most in need.
Mission 300 can still be transformative, but only if it centres people, not profits. Energy access must begin with those who need it most: women and youth, especially in rural communities. Across Africa, many women cook over open fires, walk hours to gather fuel, and care for families in homes without light or clean air. This is not just an inconvenience, it is structural violence and policy failure.
Yet most energy finance still flows to centralised grids, mega-projects, and sometimes fossil gas (misleadingly called a “transition fuel”). These do little to address energy poverty. Locally appropriate decentralised renewable energy solutions, solar-powered appliances, clean cookstoves, and mini-grids can deliver faster, cheaper, and more equitable impact. Mission 300 must invest in such solutions, without adding to existing debt problems. It should support national policy design, for example, by ensuring that energy policy is responsive to women’s needs, making use of gender-disaggregated data and community consultation.
The Jubilee: A year for action
In a year already marked as a Jubilee moment, African leaders have demanded reform: including a sovereign debt workout mechanism and a UN Tax Convention to end illicit financial flows. Yet as AFRODAD has documented, these demands were blocked at the FfD4 negotiations by wealthy nations—notably the EU and UK—even as climate impacts grow and fiscal space shrinks.
This is not just about finance. It is about reclaiming sovereignty. The incoming AfDB president and all the multilateral development banks face a choice: continue financing extractive, large-scale projects that serve foreign interests, or invest in decentralised, gender-responsive, pro-people solutions that shift power and ownership.
Africa has the resources. What it needs is fiscal space, public-led finance, and global rules that prioritise people and planet over profit. The Jubilee call is clear: cancel the debt, redistribute the wealth, and fund the just transition.
Source: Recourse through LinkedIn Account Recourse.
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