The Great Ventriloquist Act: The World Bank’s Bad Business in India exposes how India’s one-track focus on improving its DBR has allowed massive environmental, labor, and human rights abuses to take place. Most appalling is the case of Vedanta Resources Plc, a company that benefitted from the removal of environmental safeguards and was able to operate a damaging copper smelter within the city limits of Thoothukudi in Tamil Nadu—a mere 8.4 miles away from the ecologically fragile Gulf of Mannar Biosphere reserve. Not only has the smelter been responsible for massive environmental destruction, it was the site of a massacre of 13 activists protesting its expansion in May 2018.
Indonesia: The World Bank’s Failed East Asian Miracle details how Bank-backed policy reforms have led to the displacement, criminalization, and even murder of smallholder farmers and indigenous defenders to make way for mega-agricultural projects. While Indonesia’s rapidly expanding palm oil sector has been heralded as a boon for the economy, its price tag includes massive deforestation, widespread loss of indigenous land, rapidly increasing greenhouse gas emissions, and more.
Down On the Seed, the World Bank Enables Corporate Takeover of Seeds, exposes that while the World Bank claims to promote “smart and balanced policies,” its Enabling the Business of Agriculture index blatantly ignores farmer-managed seed systems. Instead, it reinforces the stranglehold of agrochemical companies and Western nations by pushing for intellectual property rights in agriculture, so that private breeders profiteer from the use of their seeds by farmers.
The Unholy Alliance, Five Western Donors Shape a Pro-Corporate Agenda for African Agriculture, exposes how a coalition of four donor countries and the Bill and Melinda Gates Foundation is shaping a pro-business environment in the agricultural sector of developing countries, especially in Africa. Download the report and donor factsheets at the Oakland Institute website.
In March 2014, the multicontinental campaign Our Land Our Business was launched to demand the end of the World Bank’s Doing Business project and Benchmarking the Business of Agriculture (BBA) initiative, recently renamed Enabling the Business of Agriculture (EBA). Bringing together over 260 NGOs, farmer groups, grassroots organizations, and trade unions, Our Land Our Business condemns the World Bank business indicators, which rank countries on their investment climate for pushing a one-size-fits- all model and facilitating large-scale land grabs in developing countries.
In the 1980s and 1990s, the World Bank and International Monetary Fund’s (IMF) intervention in developing countries’ national policies, through aid conditionality and austerity programs known as Structural Adjustments Programs (SAPs), triggered a wave of global resistance against the International Financial Institutions (IFIs). in the face of growing criticism that these policies increased poverty, debt, and dependency on rich countries, saps were eventually withdrawn in 2002; however the World Bank, through renewed means, continues to pursue and impose its neoliberal agenda on the developing world.
In its 2013 Growing Africa report, the World Bank argued “wider uptake and more intensive use of improved seed, fertilizer, and other inputs would go a long way to closing the African ‘agricultural performance deficit.’” The report goes on to advocate policy and regulation reforms claiming, “policy and regulatory barriers, including import restrictions and rigid, lengthy processes for releasing new varieties are slowing the adoption of agricultural inputs.” According to the World Bank, growth of the private sector is the best way to bring about agricultural development. Assuch, the Bank’s Doing Business (DB) project “encourages countries to compete towards more efficient regulation,” resulting in deregulation of the sector.
Established in 1944 with the objective of reducing poverty, the World Bank, headquartered in Washington, DC, is an international financial institution that provides financial and technical assistance as well as advisory services to enhance development in poor and transitioning countries.
Despite its praiseworthy goals, the World Bank’s activities and undue influence over policy making in developing countries have come under heavy criticism over the years. Countless protests have denounced the Bank’s neoliberal agenda, which includes unfair conditionality policies, austerity measures that deny people’s right to healthcare or education, support for environmentally destructive projects, and sham debt relief. The Bank’s 1980s structural adjustments programs (SAPs), impoverished millions in developing countries after imposing the withdrawal of state intervention and sweeping liberalization of economies as conditions to receive loans. The SAPs came under heavy attack from all quarters of civil society until they were officially withdrawn in 2002.