Daewoo unsure of Madagascar deal
- Financial Times
- 05 December 2008
"They [Daewoo] have prospected for land and now the central government is waiting for the prospecting reports,” the Malagasy land reform ministry told the FT. Critics said the welfare of Malagasy people and global food security would be better served by islanders being helped to manage their own farms. They stressed the trickle-down effect of Daewoo’s plan would be marginal and noted the company’s focus on exporting food from a country in which about 600,000 people rely on relief from the United Nations World Food Programme.