Hsbc

How the World Bank and HSBC are investing in deforestation

Posted by jamie — 29 August 2007 at 2:53pm - Comments

Timber being sawn up in Bandundu province, DRC

Back in April, at the World Bank's spring meeting, there was much talk about the plight of the Congo rainforest. We'd just published a big report detailing how in the Democratic Republic of Congo (DRC) logging titles were being granted in breach of a moratorium that the bank had been instrumental in establishing. The report launch was so high profile, we were able to force DRC's rainforest high onto the agenda of the World Bank meeting and have also managed to secure another session at the upcoming autumn meeting.

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