Civil society organisations from Latin America, Europe and around the world have issued an open letter calling on the World Bank's International Finance Corporation to reject a proposal to finance Calyx Agro, a company that acquires farmland in Latin America on behalf of wealthy foreign investors. Calyx Agro is a subsidiary of Louis Dreyfus, one of the world's biggest commodity traders. The World Bank is considering a loan of up to US$30 million to help Calyx Agro expand its operations in Latin America. The letter also denounces the Bank for its on-going support to other leading investors involved in land grabbing around the world.