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Socfin

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Background

Business / Economics

World Bank’s IFC under fire over alleged abuses at Liberian plantation it funded

    An investigation into the International Finance Corporation’s handling of human rights abuses at a project it financed in Liberia, the Salala Rubber Corporation, is expected to severely incriminate the World Bank’s private lending arm. The World Bank’s Compliance Advisory Ombudsman investigated whether the IFC did enough to address allegations of gender-based violence, land grabbing and unfair compensation by its client, Socfin, between 2008 and 2020. It’s anticipated that […]

todayApril 8, 2024 25

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