World Bank accused of razing Congo forests

“The World Bank encouraged foreign companies to destructively log the world’s second largest forest, endangering the lives of thousands of Congolese Pygmies, according to a report on an internal investigation by senior bank staff and outside experts. The report by the independent inspection panel, seen by the Guardian, also accuses the bank of misleading Congo’s government about the value of its forests and of breaking its own rules.

Congo’s rainforests are the second largest in the world after the Amazon, locking nearly 8% of the planet’s carbon and having some of its richest biodiversity. Nearly 40 million people depend on the forests for medicines, shelter, timber and food.” source

Is anybody with authority and power anywhere thinking about anything but investment returns?

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