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News articles on world bank
Mongabay.com news articles on world bank in blog format. Updated regularly.
Fight illegal logging by going after criminal masterminds
(03/22/2012) Illegal logging has never been a high priority for criminal investigators, but a new report by the World Bank says it should be. Worldwide, the illegal logging epidemic is decimating natural resources, imperiling biodiversity, emitting carbon, and undercutting the livelihoods of local and indigenous people. But the lucrative funds from these ill-gotten gains is just as problematic: top organized criminals rake in $10-15 billion annually from illegal logging and largely use the funds to drive corruption.
Caution urged in sale of Madagascar's illegal timber stockpiles
(02/03/2012) Confiscated timber stocks in Madagascar must be managed in a "transparent manner" to deter future illegal logging and boosting demand for endangered rainforest timber, says a letter published by a coalition of NGOs.
Palm oil lobby attacks World Bank's new social and environmental safeguards
(04/18/2011) Groups funded by the palm oil industry lashed out at the World Bank's new framework to resume lending to the palm oil sector.
World Bank proposes to limit funding to coal plants
(04/05/2011) Following years of criticism from environmentalists and some governments the World Bank has proposed new rules regarding carbon-intensive coal plants, reports the Guardian. The new rules would allow lending for coal-fired plants only to the world's poorest nations and would only lend after other alternatives, such as renewable energy, had been ruled out.
World Bank to resume lending to palm oil sector after 18-month moratorium
(04/03/2011) After a two-year moratorium triggered by complaints over social conflict between local communities and palm oil companies, the World Bank has announced the adoption of a framework to restart lending to the palm oil sector. The framework was developed after months of consultations with stakeholders, including the private sector, NGOs, farmers, indigenous communities, development experts, and governments.
Serengeti road project opposed by 'powerful' tour company lobby
(03/16/2011) Government plans to build a road through Serengeti National Park came up against more opposition this week as the Tanzanian Association of Tour Operators (Tato) came out against the project, reports The Citizen. Tato, described as powerful local lobby group by the Tanzanian media, stated that the road would hurt tourism and urged the government to select a proposed alternative route that would by-pass the park. Tato's opposition may signal a shift to more local criticism of the road as opposition against the project has come mostly from international environmentalists, scientists, and governments.
Congo legalizes 15 logging concessions, prompting concern that moratorium will be lifted next
(03/13/2011) The Democratic Republic of Congo (DRC) has legalized 15 logging concessions that were previously listed as illegal under an effort to clean up the industry of widespread corruption. The environmental group, Greenpeace, fears that the move precedes an announcement to lift the DRC's moratorium on granting any new logging concessions, which would open the Congo Basin to widespread logging.
Leaked government study: road will damage Serengeti wildlife, despite president's assurances
(02/10/2011) Tanzania's President, Jakaya Kikwete, today gave promises that his proposed road project, which will bisect the Serengeti plains, would not hurt one of the world's most famed parks and one of its last great land migrations. "The Serengeti is a jewel of our nation as well as for the international community. […] We will do nothing to hurt the Serengeti and we would like the international community to know this," Kikwete said in a statement reported by the AFP. However, a government environment impact study, leaked to the conservation organization Serengeti Watch, paints a very different picture of how the road will damage the Serengeti. The report includes warnings that the road will 'limit' the migration of the plains' 1.5 million wildebeest and 500,000 other herbivores including zebra.
Scientists: road through Serengeti would likely end wildebeest migration
(02/02/2011) A new study finds that a proposed road cutting through Serengeti National Park would likely have devastating consequences for one of the world's last great migrations. According to the study the road itself could lead to a 35% loss in the famed park's migrating wildebeest herd, essentially cutting the herd down by over half a million animals. Despite such concerns, and the availability of an alternative route that would bypass the Serengeti plains altogether, the Tanzanian government has stated it is going ahead with the controversial road.
World Bank offers to save Serengeti from bisecting road
(01/31/2011) The World Bank has offered to help fund an alternative route for a planned road project that would otherwise cut through Tanzania's world famous Serengeti National Park, according to the German-based NGO Nature and Biodiversity Conservation Union (NABU). When announced last year, the road project raised protests from environmentalists, scientists, and Tanzanian tour companies, but the Tanzanian government refused to shift plans to an alternative southern route for the road, thereby bypassing the park.
Golden toad saved from brink of extinction
(08/17/2010) One hundred Kihansi Spray Toads have been flown to their native Tanzania after a close brush with extinction, reports the Wildlife Conservation Society (WCS).
World Bank, European governments finance illegal timber exports from Madagascar
(01/11/2010) While Madagascar's current government has drawn sharp criticism from the international community for its failure to prevent the environmental destruction of recent months, France, Holland, Morocco, and the World Bank have all been implicated in financing illegal logging operations in Madagascar's national parks over the past year. Even as foreign governments condemned the surge in illegal logging last year, many--either directly or through institutions they support--are shareholders in the very banks that have financed the export of illegal lumber from Madagascar's SAVA region. The Bank of Africa Madagascar, for instance, is part owned by Proparco, a subsidiary of the Agence Française du Développement, as well as the World Bank's International Finance Corporation, Dutch development bank FMO, and the Banque Marocaine du Commerce Extérieur. Société Générale and Crédit Lyonnais, both part-owned by the French government, have also provided loans to illegal timber traders.
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