(London) – The European Bank for Reconstruction and Development’s (EBRD) new draft Environment and Social Policy would fail to weed out abusive development projects, seven human rights and bank watchdog organizations said today in a joint statement. The bank’s consultation on the draft policy closes on March 5, 2014. It then has an opportunity to revise the policy before sending it to the bank’s board for approval in the coming months.
In light of the recent violence in Ukraine, Bankwatch is asking the EBRD, the largest foreign investor in Ukraine, to refrain from any further cooperation both on new and current projects until the government takes decisive and peaceful steps to end the escalation of the current crisis, ends human rights violations committed by government forces, shows clear commitment to settling the political crisis in a peaceful way and addresses the key concerns of the protests.
Kiev – The European Investment Bank announced the suspension of all activities in Ukraine yesterday following the most violent day since protests in this country began. In its turn, the European Bank for Reconstruction and Development declared it would “concentrate on the private sector”, hardly a meaningful stance considering the close links between government and the business sector in this country.
The Operational Programme Transport 2007-2013 is expected to provide EUR 5.8 billion for transport projects in the Czech Republic. Of this amount, up to EUR 1.3 billion should come from the EIB via the Structural and Cohesion Funds Transport Framework Facility for 2007-2013, with some 55 percent earmarked for investments in new motorway corridors and the rest for upgrades to existing rail corridors. An analysis of the OP project showed many cases of misuse of the public funding.
Currently, a High Level Reflection Group is evaluating the institutional set-up and working methods of the Energy Community and will report this June with suggested improvements to the Ministerial Council. Yet the composition of this group and the informal reports from its first meeting suggest that the environment is in danger of being neglected once again in the updated Treaty.
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.
Local communities in the Ivano-Frankvisk region in Ukraine have filed a complaint with the IFC's complaint mechanism regarding the conduct of agribusiness corporation Danosha. This letter summarises the complaint's content and asks the EBRD to follow the complaint process and derive lessons for its own support of industrial farming projects in Ukraine.
At the peak of EU funds’ programming, experiences from CEE countries reveal deficiencies in the application of the Code of Conduct and a flawed implementation of the partnership principle. This undermines the credibility of the programming process and leaves benefits of a comprehensive involvement of all stakeholders untapped. The sometimes even entertaining list of partnership shortcomings brings us to the conclusion that a purely voluntary partnership without common standards much too often continues to end up being a purely formal exercise, and that the promotion of best practices alone is not sufficient to ensure quality partnership.
As countries around Europe strive in the first weeks of the year to conclude spending plans that will guide how they deploy billions of EU funds for the 2014-2020 budgetary period, last week saw a welcome move in Poland with the shelving of a controversial airport proposal that had been in line for EU support.