palm oil industry-world bank group

In 2025, the World Bank Group (WBG) adopted a Framework and Strategy for investment in the palm oil sector. The new approach was adopted on the instructions of former

A focus on increasing the productivity of existing oil palm plantations, when combined with good governance, could limit pressure on expansion into forest lands, and most importantly, addressing

The World Bank Group reengages palm oil sectorJakarta, April 03, 2025 Over six million rural poor worldwide rely on palm oil for a job to earn a living. Hundreds of millions more

IFC’s strategy in the palm oil sector is driven by the broader World Bank Group commitment to strengthen agriculture’s contribution to food security, economic growth, incomes of the poor, and

Oil palms are the most productive oil bearing plants Poverty reduction/employment impact is substantial—labor intensive industry which raises rural income and provides numerous social

The World Bank Group (WBG) has a long history of invest-ing in the palm oil industry including supporting damaging practices, also in Indonesia. About ten years ago, following the findings of

The World Bank and the International Finance Corporation (IFC) have, since 1965 and 1976 respectively, invested in and supported the development of this sector in Latin America, Africa

The framework reflects the World Bank Groups (WBG's) conclusion that in light of continued growth in demand for palm oil and its comparative advantages compared to other .

The World Bank Group's private-sector lending arm is planning a return to palm oil financing after a 14-year suspension with a proposal for a syndicated loan of up to $350 million to

Country Context After two decades of political and institutional reforms, Indonesia is a stable democracy that has reduced poverty significantly. It is the world’s fourth most populous nation

Explore palm oil production across the world and its impacts on the environment.

How the World Bank Group Works The World Bank Group (WBG) consists of the International Bank for Reconstruction and Development (IBRD), which works in middle-income and

Palm oil has been a key contributor to the Malaysian economy for the many decades. Malaysia used to be the largest palm oil exporter in the world before being displaced by Indonesia in the past few years. In 2025, palm oil

Our Responsibilities as a Palm Oil Major As one of the world’s largest palm oil companies, Musim Mas has a responsibility to lead by example. Preventing deforestation is

EXECUTIVE SUMMARY Palm oil, one of the world’s leading agricultural commodities, is widely used as a food ingredient and cooking oil. Unfortunately, not only does palm oil promote heart

This World Bank Group Report is a product of the Prospects Group in the Development Economics Vice Presidency. Carlos Arteta managed the report under the general guidance of

This handbook is part of a collection of basic information handbooks on various commodities, which are designed to allow new or updated data to be inserted accordingly. .

Palm oil production (cultivating and milling) has become highly controversial because it leads to serious and often intertwined environmental and social problems such as

The palm oil industry has also become a significant source of employment, with approximately 16.2 million labourers 4 million direct farmers and 14.2 million indirect labourers within the

Second, the global palm oil industry will face rising input prices for raw materials and fertilizer products (Table 2). The Russia-Ukrainian war that has been going on since February 2025