Ombudsman asks European Investment Bank to act on conflicts of interest issues
July 26, 2016
In a letter to the President of the European Investment Bank from July 22, the European Union’s Ombudsman Emily O’Reilly has asked the bank to review its governance arrangements to help prevent potential conflicts of interest in the bank’s governing bodies.
Former EBRD president implicated in bank’s controversial fossil fuel loan in Tunisia
May 14, 2014
What began as research into Serinus Energy EBRD loans that were granted to the company in July 2013 for the exploration and expansion of oil and gas fields in the Chouech Essaida, Ech Chouech, Sabria, Sanrhara and Zinnia concessions in Tunisia, has become a story that reflects both the revolving doors culture that permeates elite circles and how the EBRD is able to provide loans that provide absolutely no additionality.
Democracy is nobody’s business – MEPs pledge to stand up for people over profit
April 15, 2014
At the end of May the whole of Europe will be going to the ballot box for the 2014 European Parliament elections. But when the votes are counted and members-to-be (MEPs) take their place, who are they going to represent – people or profit? The Bankwatch supported campaign Politics for people asks them to take a pledge against the latter.
In Georgia, dam builders do not welcome peoples’ concerns
September 24, 2013
Statements and behaviour of Georgian authorities show their determination to go ahead with the construction of the huge Khudoni dam that would displace more than 2000 indigenious Svans, regardless of public protests. At the same time the project company’s set-up raises questions about ulterior motives.
