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National and local levels play secondary role in Green Climate Fund, European Investment Bank project illustrates

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.


The EU budget: Unlocking a new vision for Europe

The key to unlocking a more inspiring and politically winnable New Vision for a strong Europe may well be the next European budget.


Lack of transparency hindering Czech export agency

Although not an institution that typically receives much fanfare, the export credit agency (ECA) in the Czech Republic has a poor track record worthy of more scrutiny.


Skeletons are hiding in the closet of Europe's energy policy - letter to Maroš Šefčovič on the EU's support for nuclear energy

Accompanied by a public action, Bankwatch and Global 2000 presented European Commission vice-president Maroš Šefčovič with this open letter. The letter points out the inconsistencies behind European public money supporting lifetime extension of soviet era nuclear reactors in Ukraine, which are made in violation of international environmental conventions and with insufficient implementation of safety requirements.

So far, the EU's support for Ukraine is a bad precedent for nuclear decision-making across Europe. It is time to set things straight!

Here be dragons: How the EU bank's development finance overlooks people at risk

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.


Flood impacts kept secret by hydropower plant constructor in Georgia

Georgian Urban Energy (GUE), the company in charge of constructing the Paravani hydropower plant (HPP), has been keeping secret a study on the potential flooding risks associated with the facility, despite requests and promises from the EBRD that such an analysis would be made public.


Heavy on the process - EBRD review of governance policies may disappoint many

The EBRD's board of directors is expected, on the eve of the bank's annual meeting in Warsaw, to approve new 'good governance' policies that will have significant bearing on the institution's future activities. The EBRD's Environmental and Social Policy, its Public Information Policy and the Rules of Procedure for the EBRD Project Complaints Mechanism have been the feature of multi-stakeholder consultations across the EBRD's regions of operation in 2013 and into 2014.

Ukraine and the EBRD: More than technicalities derail the fight against corruption

Before claiming the moral high ground on fighting corruption in Ukraine, the European Bank for Reconstruction and Development should first of all brush up its own transparency policy and drop old-fashioned arguments in favour of confidentiality and secret conditionalities in its projects.


European Parliament criticises Serbia's lack of progress on renewables

Facing criticism by the European Parliament of its progress on climate friendly energy sources, the Serbian government tells Bankwatch's member group that the future of the country's energy system is none of their business.


How embarrassing: EBRD transparency ranked 'poorest' among multilaterals

As the European Bank for Reconstruction and Development revises its safeguard policies, the Aid Transparency Index ranks its commitment to openness and transparency as the weakest in comparison with similar institutions.


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