The use of international financial institutions to manage projects within the Green Climate Fund framework has been criticised as too far removed from communities and those affected by the investments. Recently approved projects, the biggest of them administered by the European Investment Bank confirm this view, despite willingness to include civil society.
Financed by several development banks, geothermal installations have uprooted Maasai communities whose fundamental rights as an indigenous people have been ignored at first. The company has so far been slow and reluctant in addressing the Maasai's complaints.
85 river and dam activists from 40 countries and all continents gather in Tbilisi, Georgia this week to share experiences about their efforts to protect the world’s rivers and join their struggles against destructive hydropower projects.
A global group of non-governmental organizations today called on the World Bank, European Investment Bank, Japan International Cooperation Agency, German Development Bank- KFW, French Agency for Development, and other international financial institutions involved with the Olkaria I, IV, and V geothermal projects in Kenya to take immediate action and demand that the project promoter, Kenya Electricity Generating Company Limited (KenGen), withdraw all legal charges against Maasai community members who have raised concerns regarding these projects.
Institution: EIB, Commercial banks, Export credit agencies, World Bank Group