World Bank may be blind to harm of financial investments -Oxfam

April 1, 2015 11:00 PM

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WASHINGTON, April 1 (Reuters) - The World Bank's private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday.

In one project indirectly sponsored by the bank's International Finance Corporation (IFC), 164 villagers in Cambodia lost their plots and thousands of others suffered when a Vietnamese company expanded plantations to their land.

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