Hundreds of millions of dollars in funding from World Bank’s private lending arm used to expand industrial farms amid mounting concern about local effectsHundreds of millions of dollars in development finance from the World Bank’s investment arm have helped to fund the controversial expansion of a billionaire’s agribusiness empire in Ukraine, amid growing concern that land and farming in the country are increasingly falling into the hands of a few wealthy individuals.Controlled by one of Ukraine’s wealthiest men, Yuriy Kosiuk, the agribusiness company Myronivsky Hliboproduct (MHP) dominates the country’s domestic poultry market and exports chicken and luxuries such as foie …read more
Source: The Guardian
