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Complaint > Land Reform and Poverty Alleviation Project, 1st Request

Management Response: 14-Management Response (English)

...cash payments to owners under the Project. Employing an estimated medium- to long-term interest rate of 16%, the cost of expropriated land in the Northeast in 1998 was R$249/ha and R$6,578/family – still well above the unit costs under the Project. Moreover, in many cases expropriated owners later obtain additional compensation through judicial actions. A recent study shows that the final cost, after judicial action, of expropriated land in the Northeast has averaged three times the initial comp...
WB Inspection Panel - Brazil - 1998
Complaint > Land Reform and Poverty Alleviation Project, 1st Request

Eligibility: 14-Eligibility Report (English)

...cash payments to owners under the Project. Employing an estimated medium- to long-term interest rate of 16%, the cost of expropriated land in the Northeast in 1998 was R$249/ha and R$6,578/family – still well above the unit costs under the Project. Moreover, in many cases expropriated owners later obtain additional compensation through judicial actions. A recent study shows that the final cost, after judicial action, of expropriated land in the Northeast has averaged three times the initial comp...
WB Inspection Panel - Brazil - 1998