A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project.
The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house bank has been financing outside Europe to find a dismal track record on a range of issues from transparency to human rights. This, the report authors say, should serve as a warning sign for the European Parliament and Council as they consider boosting the bank’s mandate.
The European Investment Bank’s failure in safeguarding the most vulnerable groups in its projects shows it is ill-equipped to help refugees and host communities in the European Union’s neighbourhood. A new report explains the bank’s weaknesses in identifying and responding to human rights risks.
This report analyses how and if the European Investment Bank (EIB) is fulfilling its development role under the so-called External Lending Mandate (ELM) for the period 2014-2020. It sheds light on the more questionable quality and effectiveness of EIB operations and on the neglected areas of the bank’s performance outside Europe, such as transparency and access to information practices, its attitude towardstax evasion and tax dodging, human rights due diligence.
Almost one in four euros lent by the European Bank for Reconstruction and Development in 2015 went to authoriatrian countries. The bank has clearly decided to ignore its own mandate, or else it would have to considerably shrink its business.
On April 15, the European Bank for Reconstruction and Development (EBRD) will be marking its 25th anniversary. Reflecting on two decades of monitoring the EBRD's policies and projects, a new report from CEE Bankwatch Network raises concerns about a growing gap between the bank's operations and its mandate.
This report examines a selection of cases monitored by CEE Bankwatch Network and its partners in recent years and highlights some of the weaknesses observed in the EBRD’s approach to environmental, social, democracy and development issues.
On 15 April 2016 the European Bank for Reconstruction and Development (EBRD) will mark its 25th anniversary. This opportunity should kick-start a debate about what the London-based public bank has achieved since it started operations in 1991 and to reflect on its future.
Ahead of a referendum in the Netherlands on the association agreement between the European Union and Ukraine, Olexi Pasyuk from the National Ecological Centre of Ukraine discusses the agreement’s importance for Ukraine’s civil society and why Europe must still improve how it engages with the country.
Plans for the Southern Gas Corridor / Euro-Caspian Mega Pipeline will solidify the west's dependence on fossil fuels and authoritarian regimes. A new web documentary shows why we should stop and think.
The recent rejection to release Evgeny Vitishko's, an imprisoned environmental activist in Russia, illustrates the backlash against fundamental rights and freedoms in some countries. Multilateral development banks need to take notice of this trend and be more wary of the risk that their lending may strengthen authoritarian regimes.