FAO head warns on land-grabbing

Foreign investment as tool for development

Update 29 October 2012: Land deals in Africa have led to a wild west – bring on the sheriff, says FAO



12 May 2011, Rome/Istanbul – Sustainable foreign investment in least developed countries should make a real contribution to their growth through technology transfer, job creation and added income, according to FAO Director-General Jacques Diouf.

Speaking at a special event on sustainable agricultural investment held yesterday in the framework of the Fourth UN Conference on Least Developed Countries in Istanbul, Diouf said that such investments could become a source of conflict and would be unlikely to be sustainable unless they were implemented equitably.

Specifically, they should “recognize the rights of local stakeholders and domestic food security and rural development concerns,” Diouf declared....

Source: FAO head warns on land-grabbing
Author: FAO

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