Saturday, October 23, 2010

World Bank vs. Nigeria’s Oil of Life - NYTimes.com

Op-Ed Contributor - World Bank vs. Nigeria’s Oil of Life - NYTimes.com: "WHEN the World Bank held its annual meeting last weekend, there was much discussion of trade imbalances and currency wars, but nothing about Nigerian palm oil. That’s a shame, because the bank’s loans for plantation agriculture in sub-Saharan Africa and other developing regions — some $132 million of which have gone to palm oil cultivation — have been humanitarian and economic triumphs. Yet now, under misguided pressure from environmental groups, the bank is turning its back on the program."

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