"The conflict has drawn international scrutiny in part because Dinant, one of its central protagonists, has been financed by the World Bank Group.
Dinant was backed by the International Finance Corporation, an arm of the World Bank conglomerate that lends to private companies. The IFC supported Dinant, one of Central America’s biggest palm oil and food producers, throughout the recent land conflicts. It provided $15 million directly to Dinant in 2009 and later channelled $70 million in 2011 to a Honduran bank that was one of Dinant’s largest financiers.
In doing so, the IFC aligned itself with one of the key players in a deadly civil conflict, staking its money and reputation on a powerful corporation with a questionable history. The IFC ignored easily obtainable evidence that should have warned it away from doing business with Dinant, the lender’s internal ombudsman later found. "
Dinant was backed by the International Finance Corporation, an arm of the World Bank conglomerate that lends to private companies. The IFC supported Dinant, one of Central America’s biggest palm oil and food producers, throughout the recent land conflicts. It provided $15 million directly to Dinant in 2009 and later channelled $70 million in 2011 to a Honduran bank that was one of Dinant’s largest financiers.
In doing so, the IFC aligned itself with one of the key players in a deadly civil conflict, staking its money and reputation on a powerful corporation with a questionable history. The IFC ignored easily obtainable evidence that should have warned it away from doing business with Dinant, the lender’s internal ombudsman later found. "
