Breaking News-RTRS-World Bank's IFC suspends palm oil investments

WASHINGTON, Sept 9 (Reuters) - The International Finance Corp (IFC), the World Bank's private sector lender, said on Wednesday it had suspended investments in palm oil businesses until after a review of its practices in the sector.
The review follows social and environmental complaints in 2007 by smallholder and indigenous groups in Indonesia related to IFC's investments in two subsidiaries of major palm oil producer Wilmar .