commercial banks

Hands Off! Why Customary Land should never be 'bankable'

24th February 2020

Banks want to lend money to people and small business in Papua New Guinea and to take rights over customary land as security in case the loans do not get repaid.

This could lead to a huge transfer of customary land into private ownership and lead to families and whole communities being forced off their land and losing their livelihoods.

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APEC Minister Organising Huge New Land Grab

The government has yet to cancel all the illegal SABL leases, used to defraud communities of more than 5 million hectares of land but they are already pressing ahead with plans for another land grab; this time with the commercial banks as the beneficiaries.

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Australian banks can't turn a blind eye to money trail

Helen Szoke CEO Oxfam Australia writing in the Sydney Morning Herald

Australia's big four banks have a duty of care to the community, whether in Australia or overseas.

Illustration: Jim Pavlidis 

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