The secret life of export credit agencies
August 1, 2019
When respectable, risk-averse development banks turn away from a project, oftentimes export credit agencies (ECAs) are the ones to step in. These government-backed institutions manage hundreds of billions of dollars annually, investing mostly in large infrastructure projects in politically-volatile countries, while avoiding the same scrutiny as other public financiers.
Seven Golden Rules for open and inclusive just transition planning at the regional level
July 15, 2019
Every region and every community is different. As EU countries wake up to the climate emergency and the need for a swift transition to a sustainable and carbon-neutral society, it is becoming increasingly clear that we need regional and community-level
OUR PAST WORK ON: Export Credit Agencies (ECAs)
June 18, 2019
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
Milestone bank summit in Belgrade a step towards protecting Balkan rivers, but greater transparency still needed
March 1, 2019
For immediate release. Belgrade – The ‘Save the Blue Heart of Europe’ campaign [1] gave a cautious welcome to a first-of-its-kind summit between the financial sector and green activists, where a roundtable about the role of banks in the destruction of Balkan rivers by hydropower dams was centre stage.
ARCHIVED: Kresna gorge / Struma motorway, Bulgaria
February 25, 2019
The Struma motorway is tragically emblematic of an EU-funded project that has wrought havoc on European biodiversity and the wishes of local communities. In spite of two decades of protest by civil society and citizens, part of the Struma motorway section is planned directly through the Kresna gorge, a Natura 2000 site and Bulgaria’s richest biodiversity hotspot.
EU action on Western Balkans’ chronic coal pollution is a unique opportunity to improve health and productivity
February 19, 2019
Brussels – Sixteen outdated coal power plants in the Western Balkans are a public health and economic liability for the whole of Europe, with people in the EU bearing the majority of the health impacts and costs, according to a new report [1] by the Health and Environment Alliance (HEAL), Sandbag, Climate Action Network (CAN) Europe, CEE Bankwatch Network and Europe Beyond Coal. The European Union (EU) needs to use all of the tools available to improve health, prolong lives, save health costs and increase productivity both in the EU and in the Western Balkan region.
Social impacts of the Amulsar mine in Armenia
January 8, 2019
The Amulsar mine presents a number of considerable health and social risks to local communities, the tourism potential of the nearby Jermuk spa resort and the surrounding villages’ orchards, pastures and water supplies. The company Lydian Armenia prepa
