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World Bank, resource firms seek better ties to poor
The World Bank's private-sector arm met with oil and mining industry officials and non-governmental organizations on Monday to improve community development in projects it funds in poor countries. International Finance Corp. investments from mines in Ghana and Guatemala to pipelines in Chad and Peru have come under fire for social and environmental problems. Critics say local consultations could have averted some problems... Mining major Anglo American Plc is investing $2 million to help improve investment policies in Africa, is encouraging local employment and ancillary industries as well as ensuring local managers consult with women's and youth groups about the impact of their operations on their lives, said Edward Bickham, the company's executive vice president.