date:Jan 29, 2014
The private-sector arm of the bank, International Finance Corporation (IFC), received criticism for the $30m (21.9m) corporate loan granted to the Honduras palm oil and food firm Corporacin Dinant, after allegations of violence against farmers emerged.
In its latest statement, the IFC accepted shortcomings in how its implementation of environmental and social policies and procedures in this case. The response has been marked as a U-turn after an initial tepid response.
Investing in violence
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