Fallout and failures: EIB’s East–West Highway investments in Georgia amid authoritarian takeover
October 17, 2025
The EIB’s massive EUR 1 billion highway investment in Georgia has proved disastrous for impacted communities due to the country’s authoritarian turn and chronic project mismanagement.
Highway of injustice: How EIB-financed East–West road projects in Georgia impact local communities
October 13, 2025
In 2021, the European Investment Bank approved EUR 106.7 million in funding for two major highway projects in southern Georgia. Field research revealed significant social and environmental issues in the affected municipalities.
EBRD’s toxic bond with Indorama: Funding polluter in Georgia’s shrinking democracy
September 30, 2025
The European Bank for Reconstruction and Development (EBRD) continues to back one of its most controversial clients in one of Europe’s most troubled democracies. Human rights, labour laws, and the environment are all at stake.
Bypass: the hidden social toll of Georgia’s East-West Highway on its towns and villages
May 5, 2025
Supported by international development banks and promoted as a strategic corridor linking Asia to Europe, Georgia’s East-West highway is central to the country’s ambitions of becoming a regional transit hub. With a price tag of EUR 1.2 billion, much of which is financed through loans from the Asian Development Bank (ADB), European Investment Bank (EIB), and the World Bank (WB), the highway construction project was framed as a symbol of progress, promising speed, connectivity and economic growth.
Why China is Building a New Road to Russia
February 26, 2025
“The Khada Valley is a very small valley. It’s located very close to the capital [Tbilisi] and it’s unique in terms of its cultural heritage,” said Manana Kochladze, the human rights and democratisation lead at Bankwatch.
Countering shrinking space: How multilateral development banks can empower civil society in the Western Balkans, Caucasus and Central Asia
February 25, 2025
This report examines how multilateral development banks have failed to adequately protect civil society in the Caucasus, Western Balkans, and Central Asia.
Cop29 host Azerbaijan set for major fossil gas expansion, report says
October 23, 2024
The new report, produced by Urgewald and CEE Bankwatch, found Azerbaijan was set to increase its gas production by a third in the next decade, with fossil fuel companies forecast to spend $41.4bn (£31.9bn) on the country’s gas fields.
The impact of ‘foreign agent law’ on civic space and the enabling environment for sustainable development in Georgia
October 18, 2024
This briefing outlines the current political situation in Georgia, detailing the government’s authoritarian shift and its implications for governance, economic stability, and sustainable development.
A flawed rollout: How the EBRD’s efforts to tackle harassment on Tbilisi public transport have fallen short
October 11, 2024
In an effort to tackle gender-based violence and harassment across Tbilisi’s public transport network, the EBRD has provided financial and technical support to Tbilisi Transport Company – the operator responsible for managing public transport services in the city – to help them set up a tracking system to address incidents on the city’s metro and bus routes.
Forum Discusses New Yerevan Master Plan: Residents Lack Adequate Greenspace
August 1, 2024
Yerevan residents seeking a patch of greenspace for a bit of respite from the urban clamor, especially during the dog days of summer, probably won’t be surprised to learn that such areas in the city are way less than accepted international standards.
