IFC suspends funding to palm oil sector
Following appeals from NGOs and a critical audit of the IFC's financing of oil palm in Indonesia, the IFC has stated it will halt funding of the sector until it develops a comprehensive new strategy and finds ways to address the legal and institutional barriers in Indonesia that hinder compliance with the IFC's and RSPO's standards.
Letter from IFC President to NGOs
Translations available: Indonésien
Following appeals from NGOs and a critical audit of the IFC's financing of oil palm in Indonesia, the IFC has stated it will halt funding of the sector until it develops a comprehensive new strategy and finds ways to address the legal and institutional barriers in Indonesia that hinder compliance with the IFC's and RSPO's standards.
Letter from IFC President to NGOs
Aperçu
- Type de ressource:
- News
- Date de publication:
- 28 août 2009
- Programmes:
- Chaînes d’approvisionnement et commerce Financement mondial
