By Amelia Woodside, April 23, 2014. Source: Phnom Penh Post
The International Finance Corporation (IFC) has launched an internal investigation into a complaint lodged against the institution for investing in a Vietnamese rubber firm accused of illegal logging and land grabbing in Ratanakkiri, an NGO and villager said yesterday.
Earlier this month, representatives of the IFC’s Compliance Advisor Ombudsman (CAO) met with leaders from 17 indigenous communities in Andong Meas and O’Chum districts, along with representatives of Vietnam-based Hoang Anh Gia Lai (HAGL), which operates rubber plantations on economic land concessions in the Kingdom’s northeast, according to Eang Vuthy, executive director at NGO Equitable Cambodia.
“This was a preliminary visit . . . the IFC met with community leaders [and] government officials at the company.
We’re very hopeful a resolution between the parties will be reached. They say the company HAGL is willing to negotiate, so we’re hoping for a positive course of action once the IFC releases their report,” Vuthy told the Post yesterday. Continue reading