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

by Jutta Kill

first published 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.