IFC

Local communities file complaint with IFC over PMIZ and SEZ laws

On 12 Jul, 2011 By rait man With 2 Comments

PMIZ Watcher

Local communities affected by the proposed Pacific Marine Industrial Zone in Madang have filed a formal complaint in Washington about the role of the International Finance Corporation in promoting the project and in developing Special Economic Zone laws in PNG.

The communities have filed their complaint with the International Finance Corporation Ombudsman. The IFC is a part of the World Bank Group which is based in the United States.

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PMIZ loan from China is a terrible deal for PNG

On 10 Mar, 2011 By tok stret

By PMIZ Watcher

The loan agreement signed between the Papua New Guinea government and China's Eximbank, to fund development of the Pacific Marine Industrial Zone is a terrible deal for PNG.

Putting aside the fact that PMIZ promises to be a disaster for Madang, repeating and expanding all the terrible social and environmental impacts of the existing RD Tuna fishing project, the US$70 million loan agreement signed with China means PNG will be paying for China's continued economic expansion and business profits.

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IFC part of the new neo-colonial land grab

On 16 Feb, 2011 By tok stret

With the International Finance Corporation (IFC) proudly trumpeting its expansion in Papua New Guinea we should all be aware of its true mission on behalf of the global elite and the world's richest corporations and nations.

Papua New Guinea is already beginning to suffer from the new neo-colonial landgrab with 5 million hectares having being seized in Special Agricuture Business Leases, and the IFC is in the thick of this global phenomena, as the article below by Ava Danlog explains.

 

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