New Ad Says World Bank Plan Deserts Poor, Restricts Fight Against HungerBy World Growth, PRNE
Wednesday, October 6, 2010
Shows Palm Oil Plan Deprives Jobs and Higher Living Standards
WASHINGTON, October 7, 2010 - An advertisement in today's Politico newspaper
accuses the World Bank of turning its back on the poor by withdrawing support
for palm oil, a key agricultural crop that feeds over a billion people in
Africa, Latin America and South East Asia.
(Photo: photos.prnewswire.com/prnh/20101007/DC78437) (Photo: www.newscom.com/cgi-bin/prnh/20101007/DC78437) (Logo: photos.prnewswire.com/prnh/20081204/DC49733LOGO) (Logo: www.newscom.com/cgi-bin/prnh/20081204/DC49733LOGO)
created by the NGO World Growth, greeted officials gathering in Washington,
DC for the annual fall meeting of the World Bank Group and International
Monetary Fund (IMF). The text highlights five key inexcusable outcomes of the
World Bank palm oil plan:
-- Denies the poor jobs and higher living standards -- Restricts expansion of food production -- Fosters illegal deforestation -- Gives special interest control of the World Bank -- Leads poor small farmers into green welfare
In conjunction with the World Growth ad, the NGO's Chairman Alan Oxley
released the following statement:
"The palm oil industry provides direct support for around 10 million
people worldwide and the crop is a vital food staple for over 1 billion
people. Jeopardizing the supply and expansion of palm oil is
counter-productive to the Bank's mission of poverty alleviation. Enacting
this plan and suspending funding for palm oil will reverse the Bank's decades
of successful poverty reduction efforts.
"The World Bank and its President Robert Zoellick have succumbed to the
political pressure of radical environmental groups like Greenpeace, WWF and
Friends of the Earth. Economic growth and development should remain the focus
of the World Bank. The Bank's newfound position on palm oil as an environment
regulator is outside the institution's purview."
To view the World Growth Politico ad, click here:
World Growth is a non-profit, non-governmental organization established
to expand the research, information, advocacy, and other resources to improve
the economic conditions and living standards in developing and transitional
countries. At World Growth, we embrace the age of globalization and the power
of free trade to eradicate poverty and create jobs and opportunities. World
Growth supports the production of palm oil and the use of forestry as a means
to promote economic growth, reduce poverty and mitigate greenhouse gas
emissions. World Growth believes a robust cultivation of palm oil and
forestry provides an effective means of environmental stewardship that can
serve as the catalyst for increasing social and economic development. For
more information on World Growth, visit www.worldgrowth.org.
World Growth, +1-866-467-7200, media at worldgrowth.org. NOTE TO EDITORS: To speak with World Growth's experts, please email media at worldgrowth.org or call +1-866-467-7200.
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