Established to promote transition to market-oriented economies in the countries of central and eastern Europe and Central Asia, the EBRD’s lending often fails to benefit the people in these countries and regularly prioritises carbon-intensive and environmentally damaging development.
Alternative news on the EBRD
Harsh economic realities and the discernible trend of democratic retrenchment in EBRD recipient countries suggest there are serious deficiencies in the bank’s overall ‘market-oriented’ approach.
EBRD PROJECTS WE MONITOR
The Khada Valley in Georgia brings together exceptional biodiversity, precious cultural and archeological heritage, and mountainous villages which have preserved rich traditions and historical lifestyles. But all of this might vanish if a 23-kilometer road from Georgia to Russia – the Kvesheti-Kobi project – is built.
Make ICT Fair is an initiative to improve labour rights in the electronics supply chain, established by eleven European non-governmental organisations and academic institutions: Swedwatch, University of Edinburgh, CATAPA, Le Monde Diplomatic, Towards Sustainability Association, CEE Bankwatch Network, People and Planet, Electronic Watch, SETEM Catalunya, Südwind, and ICLEI.
Blog entry | 25 May, 2020
The long-running saga of Slovenia’s overpriced Šoštanj 6 coal power plant took a dramatic turn last week when Slovene prosecutors filed charges including money laundering against 12 people and two companies. Meanwhile, in 2018, the Šoštanj power plant as a whole generated a net loss of EUR 58.5 million. Why are nearby Serbia and Bosnia-Herzegovina – both countries that are planning new coal plants – not learning any lessons?
Blog entry | 30 April, 2020
Over three quarters of the energy projects proposed by the EU’s neighbours for priority status, including privileged access to public funds, are fossil fuels projects.
Blog entry | 27 April, 2020
To “better connect the Caucasus to Russia,” a new road project, Kvesheti-Kobi, is planned to be realized in Georgia. This road section will be part of a north-south corridor that passes the Caucasus and serves to connect the region to Russia.
Strong safeguard policies to guide bank lending are essential. At the EBRD meetings we are pushing for these types of reforms based on our collected experience with bank projects across the region.
Too often the EBRD safeguard policies fail to deliver protection for people, climate and the environment. What can be done?
Bankwatch produced this video for the 20th anniversary of EBRD operations, at a time when the bank announced intentions to extend its operational activities to north Africa.
Toolkit for civil society
Guidance on how to use the EBRD’s grievance mechanism for civil society, local groups and individuals that are adversely affected by a bank project.