How Top Banks Assist Producers of Cluster Bombs

Cotton Made in Africa: A Field Report by Roger Peltzer

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How Top Banks Assist Producers of Cluster Bombs

Explosive investments of more than US$43bn

Almost a year and a half after the historic signing of the Convention on Cluster Munitions (CCM) in Oslo in December 2008, 146 financial institutions from 15 countries around the world still provide over US$43bn worth of investments and financial services to seven producers of cluster bombs. These are the updated findings of the most comprehensive report to date on global financial investments in these banned weapons (see reference). Carla September reports

The human and economic cost of these weapons is well documented. Like landmines, cluster bombs have killed and injured thousands of civilians during the last 40 years and continue to do so long after a conflict has ended. Despite this, the world’s top financial institutions continue to finance the following seven leading producers of cluster bombs and cluster bomb components ...

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