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

Eligibility: 14-Eligibility Report (English)

...Changes in Costs With Changes in Inflation and Farm Income Simulation of a R$3,500 Loan Conditions: (i) 10-year repayment period, with a three-year grace period; (ii) annual installments of R$500, adjusted for the TJLP (government long-term interest rate) Year Repayment Adjustment Change in Projected Income/debt amount* for projecte...

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

Management Response: 14-Management Response (English)

...changes to help ensure better compliance with Bank policies and procedures. The objective is to stop the operation and any contemplated expansion, because the Requestors do not believe that the Government should be pursuing a voluntary, market-based approach to achieve redistribution of land assets in Brazil. “Expropriation means punishing (in accordance with current legislation) the owners of large tracts of land who keep them in unproductive state and/or fail to fulfill the soci...