In November 2014 CEE Bankwatch Network visited Jordan to explore issues surrounding the Red Sea - Dead Sea Conveyance project. The aim of the mission was to understand better the problems, concerns and hopes of local communities living along the route of the project, and identify the risks and benefits of the project through interviews with specialists having knowledge of its development.
For Shuakhevi as with other large dams recently built or planned in Georgia, it all adds up for western planners and financiers. The final bill for the Georgian population and environment, though, is still a long way from being finalised.
South and eastern European member countries of the Energy Community may soon have to be much more ambitious about environmental standards in the energy sector. This is because the Energy Community, the body that aims to create a common energy market between the EU and some of its neighbours, may be about to introduce more of the EU environmental acquis into its Treaty.
Environmental groups in Ukraine have highlighted the negative local impacts of one of the biggest agribusinesses in the country, MHP, that is in line to receive additional credit by the European Bank for Reconstruction and Development.
People from the Kolubara mine basin in Serbia have many stories to tell about the hardships they face due to the lignite mining operations. Serbian Bankwatcher Nikola Perusic adds his account to two stories in the guardian and in Bankwatch Mail 56.
A $3.7 billion PPP oil refinery expansion in Cairo is accompanied by contradictory project documents, making a mockery of claims by the public banks involved to be committed to “good governance” or democracy. Despite being presented as merely translations of one document, the Arabic and English “versions” are entirely different – with the Arabic markedly cursory and superficial.
Investment data for Mongolia illustrates that without improving the European Bank for Reconstruction and Development’s plans for the mining sector, the bank may add to the dependence on raw materials exports in resource rich countries.