CAFOD Report: World Bank Sowing Seeds of Poverty
The World Bank is failing in its duty to tackle poverty by pushing an agricultural model that benefits big agribusiness at the expense of the world’s poorest, according to a shocking new report by CAFOD.
The study: Sowing the seeds of poverty: how the World Bank harms poor farmers finds that poor countries are being forced to subsidise patented seeds and fertilisers at great expense, often provided by agribusiness giants.
Not only has this approach done little to tackle poverty, it effectively transfers public funds from poorer nations into the pockets of big business, draining resources while locking smallholder farmers into a package of unaffordable and environmentally destructive seeds and chemical fertilisers.
Source: ICN
