Joint statement: Urgent call to IFC and EBRD to impose conditionalities on Oyu Tolgoi’s new loan
December 20, 2024
37 civil society organisations from around the world have signed a joint statement on the new loan proposal for the Oyu Tolgoi mine in Mongolia.
The World Bank should reconsider its mega dam project in Tajikistan
December 16, 2024
Providing funding to a repressive regime to construct the ‘highest dam in the world’ is a recipe for disaster.
Bank of scandals: toxic culture of favouritism exposed at the European Investment Bank
December 11, 2024
“Compared to other financial institutions, the EIB is run with a high level of internal secrecy,” said Anna Roggenbuck, who has been following the EIB for over 15 years for Bankwatch, a civil society organisation that monitors publicly financed projects.
The European Investment Bank has a chronic ‘revolving doors’ problem
December 5, 2024
Instead of the EIB shrugging its shoulders at yet another revolving door case, it must understand these new revelations as a wake-up call to drive the necessary changes that will enable it, as a key EU institution, to retain public legitimacy.
Joint civil society comments on the draft EBRD Food and Agribusiness Draft Strategy 2025
November 29, 2024
The joint civil society review of the EBRD’s draft Food and Agribusiness Strategy 2025 highlights areas for improvement. While the strategy shifts towards sustainability, it lacks robust environmental and social safeguards. Case studies from Ukraine and Uzbekistan illustrate the potential negative impacts of EBRD investments without proper measures. We recommend enhancing collaboration with local communities and smallholder farmers, especially in regions with limited civic engagement, and developing region-specific sustainability indicators.
Holding the EIB and EBRD accountable: Are their grievance mechanisms effective?
November 20, 2024
In this report, we examine the alignment of the EIB and EBRD grievance mechanisms with the effectiveness criteria for the design and assessment of non-judicial complaints mechanisms set out in the UN Guiding Principles on Business and Human Rights.
Ukraine’s Single Project Pipeline sectoral distribution and prioritisation: recommendations for improvements
November 13, 2024
This briefing examines Ukraine’s Single Public Investment Projects Portfolio, highlighting concerns over project quality and prioritisation.
The World Bank’s role in supporting inclusive and sustainable community-level reconstruction in Ukraine
November 11, 2024
The World Bank has vast experience in post-disaster and conflict reconstruction projects across various regions and settings. These previous experiences must be utilised to ensure that Ukraine’s reconstruction considers all aspects of life in a complex, holistic, and multidimensional process. Success depends on combining physical reconstruction with elements of the rule of law, good governance, strengthening democratic institutions, and restoring society.
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 World Bank’s role in inclusive and sustainable local recovery for Ukraine
October 18, 2024
This publication examines Ukraine’s recovery process, focusing on the World Bank’s SURGE programme and its impact on local development.
