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Development Finance as Agro-Colonialism
European Development Bank Funding of Feronia-PHC Oil Palm Plantations in the Democratic Republic of Congo
Jutta Kill

28 January 2021

Campaigners from across Europe and the Democratic Republic of Congo (DRC) have published a new report chronicling one of the most scandalous failures of development bank investment in agriculture. The report details how Europe's largest development banks poured upwards of US$150 million into an oil palm plantation company in the DRC despite the company's land conflicts with communities and allegations of serious human rights violations and opaque financing made against it.

file iconDevelopment Finance as Agro-Colonialism
file iconInfographic

The World Bank, Red Flags and the Looting of Nigeria's Oil Revenues
Nicholas Hildyard

20 October 2018

The World Bank has invested almost a quarter of a billion dollars in Seven Energy, an oil and gas company operating in Nigeria. Months before the first investment was made, the then Governor of Nigeria's Central Bank alleged that the company's flagship contract involved operating a scheme that was looting billions of dollars in state revenues. A number of the people associated with the contract are now either on the run or charged with money laundering.

Corrupt but Legal
Institutionalised Corruption and Development Finance
Nicholas Hildyard

13 December 2016

Many lawful, routine, accepted practices in today's economic system are regarded by the general public as corrupt. They have created a distorted, privatised vision of the “public interest” and represent a new trend of state capture by for-profit interests.

file iconCorrupt but Legal Presentation

Turning a Blind Eye
Corruption and the UK Export Credits Guarantee Department
Dr Susan Hawley

1 June 2003

Institutional practices within the taxpayer-funded UK Export Credits Guarantee Department have exacerbated bribery and corruption by Western companies.

file iconTurning Blind Eye