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The Jakarta Post
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DKI Jakarta, Indonesia
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IFC suspends investment in palm oil over Wilmar case

  • The Jakarta Post

Jakarta | Thu, September 10 2009 | 01:01 pm

The International Finance Corporation (IFC), the private arm of the World Bank, has decided to suspend funding in the palm oil sector, affecting the world's top producer, Wilmar International, pending a review of internal procedures on environmental and social standards. In a press release, it was confirmed Wednesday that World Bank President Robert Zoellick had taken the decision in response...

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