Falling into the same trap: The EBRD’s intermediated exposure to the Amulsar gold mine
Issue paper | 7 June 2026
The EBRD’s indirect involvement in the Amulsar gold mine in Armenia through Ameriabank has raised concerns about compliance with its Environmental and Social Policy, due to unresolved legacy issues associated with the project.
This issue paper has been prepared for the EBRD Annual Meeting 2026.
Institution: EBRD
Theme: Amulsar gold mine
Location: Armenia
Project: Amulsar gold mine, Armenia
Tags: Development banks | human rights
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