The World Bank appears deeply torn. While the report endorses the Bank's open-door globalisation agenda, the sub-text dissents on every page.

Egypt will soon offer to lease, for 49 years, 50,000 feddans [21,000 ha] for agri-business projects in North Sinai, the irrigation minister said -- but only to domestic investors.

"I know you will think why should President Obama meddle in the affairs of other countries," writes Devlinder Sharma. "I agree, but at least he can stop the American agribiz and finance companies from indulging in offshore farmland grab."

A CTA Rural Development Briefing in Central Africa on “Land access, land acquisitions and rural development: New challenges, new opportunities” will be held in Yaoundé, Cameroun, on 27-28th September 2010

While the Bank warns of a lack of transparency and the potential harm to poor people, it ultimately endorses the land grabs in the name of productivity and sound investment.

In a 164-page report that actually endorses the practice of the sale of vast tracts of agricultural land to foreign buyers, the global lender nevertheless frets over the fall-out of northern legislation that makes investors view every farm, jungle and meadow in the third world the same way they view an oil field, says the EU Observer

The Philippine government has identified 10,000 ha for the Bahrain banana project in Davao del Norte. It also awaits follow-up visits from Saudi Arabia to finalize a $238.6m deal the kingdom committed to invest in fruit, aquaculture and halal food production.

In Cambodia, an assessment of the impact of foreign farmland acquisitions has been hampered by a lack of data, including the total number of concessions awarded and an accurate set of GPS coordinates for each concession, the World Bank says.

Anywaa Survival Organisation would like to call upon indigenous people to resist this kind of land grabbing effort of the Ethiopian government, now acknowledged by a World Bank report

The World Bank report calls for global implementation of investment principles it drafted last year but notes that enforcement mechanisms do not exist.

Foreign purchases of agricultural land from Mozambique to Cambodia pose “significant risks” to the livelihoods of farmers in countries with “weak land governance,” the World Bank said in a report.

Around 45 million hectares of farmland deals were announced by the end of 2009, according to the Bank, with many of them providing little, if any, compensation to rural communities for the loss of land rights