7 May 2014

PANG speaks out against land grab

9:30 am on 7 May 2014

The Pacific Network on Globalisation says it supports calls for the World Bank to end its support for what it calls land and resources grab in Pacific communities.

More than 180 organisations, including NGOs, unions, farmer and consumer groups say the World Bank should abandon the concept of doing business rankings.

The rankings include indices on registering property, protecting investors, paying taxes and trading across borders amongst others.

In most cases, the fewer regulations that are in effect the higher the rank.

PANG's Coordinator, Maureen Penjueli says the World Bank is facilitating land grabs in the Pacific by putting the interests of foreign investors before those of the people.

Ms Penjueli cites the Special Agriculture Business Lease in Papua New Guinea, which have been widely condemned.

She says what's good for business isn't necessarily good for Pacific peoples, their land and their environments.