Today in Tokyo, on the side of our annual meetings where food security is a major issue being discussed, I had a few minutes to join Oxfam's session about land in developing countries.
I made the point that one of the best ways to help manage pressure on land is through the Bank Group's staying engaged in agriculture, working to build good practices and capacity in countries to manage investments better. As a result, we are saying no to Oxfam's call for a freeze on our work.
In fact we have ramped up our investments in agriculture in recent years, helping smallholders increase productivity, reduce waste, and get clear land tenure, and we want to do more. It was reassuring to hear from Oxfam directly that the Bank is not the primary target of their efforts. That's good because the vast majority of our agricultural investments help poor farmers grow food and involve no land purchase.