Whether in Europe or beyond, public money must not become an auxiliary for human rights violations or the marginalisation of affected communities.
We expose cases where development banks fail to protect those impacted by their projects.
We advocate for participation and consultation processes that are not pro-forma exercises, but a tool to ensure people’s well-being.
We run a helpdesk where activists and communities can get advice on how to challenge controversial projects being considered for funding by development banks.
Close to frontline communities
We’re in direct contact with affected communities and provide updates from their struggles.
Image (c) Rosa Vroom
IN FOCUS
The Reconstruction of Ukraine
The scale of destruction caused by Russia’s aggression against Ukraine has been staggering. To repair the damage, joint efforts to coordinate donations and properly plan Ukraine’s reconstruction must start as soon as possible.
A successful reconstruction of Ukraine cannot happen without involvement of the Ukrainian people. That’s why we’re calling on international donors to ensure that the financial structures to help impacted communities are put in place and that civil society groups have a say in this process.
We believe that Ukraine and the international community have a unique opportunity to modernise the country while addressing people’s needs and long-term sustainability.
Amulsar gold mine, Armenia
The controversial Amulsar gold mine near the touristic spa town of Jermuk was supported by the EBRD equity investments, but blocked by locals after the velvet revolution in 2018. In spite of a number of legal threats and intimidation by the company, the blockade continued till the eruption of military conflict overNagorno Karabakh (Artsakh) at the end of 2020.
Myronivsky Hliboproduct (MHP), Ukraine
The leading Ukrainian agribusiness giant has been enjoying generous support in public funds and national subsidies. With over half a billion euros from the EBRD, EIB and the IFC, Myronivsky Hliboproduct PJSC (MHP) has grown into a near monopolist in poultry production. While MHP’s vertically integrated model has contributed to its status as a leading Ukrainian agribusiness, the scale and nature of its business have also contributed to mounting concerns about its social and environmental impacts. These concerns are compounded by patterns of poor community consultation and a lack of information provided about MHP’s operations, leaving project-affected people guessing about the true impacts of its operations.
Corridor Vc motorway, Bosnia and Herzegovina
The Bosnian section of the international Corridor Vc is planned to run for 330 km through Bosnia and Herzegovina. Concerns about environmental impacts and threats to cultural heritage were raised by local people and cultural figures. The public discussions about the project have led to a series of scandals and a deadlock of the motorway’s development.
Our past projects
Zarafshan, Bash and Dzhankeldy wind projects, Uzbekistan
The first large wind projects in the Central Asian country are being built in biodiversity hotspots and hinder the declaration of protected areas. The IFC, EBRD and ADB need to ensure that some of the most problematic turbines are moved away.
ARCHIVED: Minerals mining and supply chains
Global demand for minerals and other critical raw materials is intensified by the just transition to renewable energy and the digital transformation agenda. Therefore sustainable supply chains of minerals are fundamental to addressing the climate crisis and the Covid-19 crisis that humanity is facing today. The European Union needs to innovate and find solutions to achieve its circular economy and resource use reduction objectives and to meet the demand of EU’s industry and consumers, while still protecting communities and nature threatened by mining.
ARCHIVED: Export Credit Agencies (ECAs)
With many billions of dollars at their disposal, export credit agency finance far outpaces that of development banks and yet avoids the same public scrutiny. Most money flows into large infrastructure projects in politically-volatile countries that oft
Latest news
EBRD investments in Ukrainian agro-giant MHP under investigation
Blog entry | 2 February, 2023After years of community complaints about the environmental and social damage caused by Ukrainian agro-giant Myronivsky Hliboprodukt (MHP), independent investigators are now looking into the role of international public finance in contributing to those harms. Considering the current food crisis, Ukraine’s important role in the global food supply chain and the prospect of more international investments to prop up Ukraine’s economy, it is time for financiers to learn the lessons of their past mistakes.
Read moreChecking in on Waste Management Projects in Kyrgyzstan and Uzbekistan
Bankwatch in the media | 27 December, 2022The EBRD is facilitating the introduction of green technologies, waste recovery and recycling systems in both countries, but more …
Read moreAko pomôcť s obnovou ukrajinského poľnohospodárstva: Poučenie pre banky
Bankwatch in the media | 20 December, 2022Prípad agrogiganta, ktorý za peniaze od medzinárodných investorov rozširuje svoju výrobu na ukrajinskom vidieku, ukazuje, prečo musia …
Read moreRelated publications
More than money: Development banks must strengthen human rights safeguards
Study | 6 May, 2024 | Download PDFDespite environmental and social safeguards in place, projects financed by public development banks all too often violate human rights.
Georgia’s highway dilemmas and the Asian Development Bank
Briefing | 2 May, 2024 | Download PDFDespite the involvement of international partners, both the East–West Highway Improvement Project and the North–South Corridor Road Project have been marred by controversies.
International financial support for Ukraine’s recovery
Study | 28 March, 2024 | Download PDFIn the third part of the research series ‘On the reconstruction front line: Ukrainian municipalities and the funding landscape’, we examine the support for Ukraine’s reconstruction which is being provided by international partners, financial institutions, and dedicated funds. This last section evaluates the availability of international financial support for municipalities.