The Indonesian government rejects World Bank funded oil

The Indonesian government rejects World Bank funded oil ; The Indonesian government expressed his rejection of the plan of the World Bank and International Finance Corporation to return to give credit to the oil palm industry in Indonesia. The rejection was made, because the Indonesian oil palm industry has been able to find their own funding.

"We want to convey to the world bank and do not need to give more credit to our oil industry," said Deputy Minister of Trade in a press conference held at the office of the Ministry of Commerce in Jakarta, Thursday (26 / 8). Mahendra said that the palm oil industry in the country has been able to access alternative funding to finance their plantations.

But Mahendra said, the possibility of a bid the World Bank and IFC will be distributed to small farmers. "Even if there is a possibility, is to help the welfare of a small amount of oil palm farmers 45%," said Mahendra.

The World Bank's role in world oil since 1930 have occurred since the plantations were developed in Indonesia. Mahendra said that the palm oil industry became one of the industry, aided and raised by the World Bank. Whereas today, the oil palm industry in Indonesia has been large it has become the world's largest producer of CPO.

"The face of Indonesian palm oil is not like before," said Mahendra, which plans to deliver a direct rejection of granting credit to the Indonesian oil industry. The plan, Mahendra will come to Frankfurt, Germany on 30 August. "We will convey later in the meeting with the World Bank," he added.