EBRD Annual Meeting 2019

Empowering communities to be heard. Protecting whistleblowers and pushing back against the threat of violence, intimidation and attacks on free speech and assembly. Preserving the environment.

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Transition

A phase out from fossil fuels is inevitable in all countries where the EBRD operates, and the bank should be listen, support, and then follow through with investments to realise this vision.

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Nenskra,
Georgia

Given the complexity of the Nenskra project and its immense impact on indigenous Svan communities and the country’s fiscal stability, the EBRD should take responsibility and not provide financial support until the project is properly assessed.

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EPS/Kostolac,
Serbia

“Restructuring” EPS is more about perpetuating non-compliance, building new coal units and expanding lignite mines. Read Bankwatch’s request to the EBRD concerning the outcomes of the EPS compliance review.

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Krapska Reka,
N. Macedonia

The case shows the importance of consulting all stakeholders before a loan contract is signed – even for Category B projects, as they may have equally destructive impacts on the environment, biodiversity and local communities.

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Hydropower,
the Balkans

The cautious approach to hydropower in the Balkans should be applied to other regions that also struggle to implement the EBRD and EU standards. The EBRD should protect the pristine ecological status of rivers and the rights of communities.

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Kheledula,
Georgia

Failing to acknowledge the Lower Svaneti Lalkhor, the violations to Georgian legislation and the bank’s own policies will deteriorate the livelihoods of the indigenous Svans and the potential for alternative development and tourism in the villages.

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Namakhvani,
Georgia

The EBRD should ensure the close examination of the project and its documents before it officially enters into pipeline, as it is likely to have a considerable effect on local communities and biodiversity.

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LATEST UPDATES

SLAPPd: the Armenian activists fighting a mining multinational’s lawsuits

Blog entry | 22 June, 2020

Strategic lawsuits against public participation (SLAPP) are a form of often frivolous litigation used by corporations to intimidate and punish critics and silence their right to free speech. Lydian international, the tax haven-listed mining company, has repeatedly deployed the tactic against journalists and civil society as it presses forward with the Amulsar gold mine in Armenia, whilst the EBRD has stood by silently.

EBRD’s Green Economy Transition must not be a fig leaf for fossil fuels investments

Blog entry | 16 June, 2020

Like many other financial institutions, the European Bank for Reconstruction and Development (EBRD) has responded to the call to join the global effort to tackle the climate crisis. And yet, over the past decade, while growing its support for renewable energy, the bank has continued to hand out public money to the fossil fuels industry.

Legal challenges mount for Armenia gold mine as complaint filed to EU development lender

Press release | 15 June, 2020

Yerevan – The beleaguered Amulsar gold mine in Armenia broke rules attached to two loans totalling EUR 11 million it received in 2017 and 2009 from the European Bank for Reconstruction and Development, alleges a new complaint from 23 people living near the project and Armenian and international civil society groups including CEE Bankwatch Network.