The Highest Bidder Takes It All: The World Bank’s Scheme to Privatize the Commons

21 February by Oakland Institute


The Highest Bidder Takes It All: The World Bank’s Scheme to Privatize the Commons details how the Bank’s prescribes reforms, via a new land indicator in the Enabling the Business of Agriculture (EBA) project, promotes large-scale land acquisitions and the expansion of agribusinesses in the developing world. This new indicator is now a key element of the larger EBA project, which dictates pro-business reforms that governments should conduct in the agricultural sector. Initiated as a pilot in 38 countries in 2017, the land indicator is expected to be expanded to 80 countries in 2019. The project is funded by the US and UK governments and the Bill and Melinda Gates Foundation.

The EBA EBA
European Banking Authority
The body charged with supervising the European banking system and, along with two other authorities, the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA), form part of the European System of Financial Supervision.

EBA : https://www.esma.europa.eu/
’s main recommendations to governments include formalizing private property rights, easing the sale and lease of land for commercial use, systematizing the sale of public land by auction to the highest bidder, and improving procedures for expropriation. Countries are scored on how well they implement the Bank’s policy advice. The scores then help determine the volume of aid money and foreign investment they receive.

Amidst myriad flaws detailed in the report is the Bank’s prescription to developing countries’ governments, particularly in Africa, to transfer public lands with “potential economic value” to private, commercial use, so that the land can be put to its supposed “best use.” Claiming that low-income countries do not manage public land in an effective manner, the Bank pushes for the privatization of public land as the way forward. This ignores the fact that millions of rural poor live and work on these lands, which are essential for their livelihoods while representing ancestral assets with deep social and cultural significance.

The Highest Bidder Takes It All is released as part of the Our Land Our Business campaign, made up of 280 organizations worldwide, demanding an end to the Enabling Business of Agriculture program.


See the report
:
- Small size: The Highest Bidder Takes It All: The World Bank’s Scheme to Privatizz the Commons
- Full report: The Highest Bidder Takes It All: The World Bank’s Scheme to Privatizz the Commons



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