When the EU’s bank can’t kick the fossil fuels habit
March 27, 2019
As the European Investment Bank (EIB) is nowadays preparing a new Energy Lending Policy to guide its investment in energy projects, it seems the world’s largest public lender is not willing to acknowledge its contribution to climate change, the biggest crisis currently facing humanity.
Comments on the EBRD draft Accountability Policy
March 27, 2019
The draft Accountability Policy of the EBRD proposes a substantial and welcomed restructuring of the mechanism and improves on many of the issues of independence and predictability that hindered the PCM. However, the draft Policy does not yet rectify a
Comments on the EBRD draft Access to Information policy
March 27, 2019
Fulfilling the right of access to information is the beginning and foundation of true development that respects the rights of all people. Access to information goes hand-in-hand with meaningful consultation and stakeholder engagement to ensure that pro
Comments on the EBRD draft Environmental and Social Policy
March 27, 2019
We welcome the proposed improvements in the EBRD draft Environmental and Social Policy, including the stronger language on human rights, gender and vulnerable groups, as well as the reintroduction of the referral list for financial intermediary high ri
New report highlights misuse of banking secrecy rules
March 26, 2019
BankTrack’s study finds that client confidentiality is not an absolute legal requirement in any of the world’s major banking centres. Banks can – and do – include the right to disclose information into their contracts. Will the EIB & EBRD acknowledge this in their policies on intermediated lending?
Европейски организации настояват пред Тимерманс за магистрала извън Кресненското дефиле
March 16, 2019
Природозащитници призоваха първия вицепрезидент на Европейската комисия Франс Тимерманс да се намеси и спешно да започне наказателна процедура срещу България, за да защити европейското природно богатство в Кресненското дефиле. Европейски организации настояват пред Тимерманс за магистрала извън Кресненското дефиле
CSO letter to the EBRD on the revision of the Good Governance policies related to Financial Intermediaries (FIs)
March 13, 2019
The undersigned CSOs welcome this opportunity to submit comments on the EBRD’s revision of its environmental and Social Policy, Access to Information Policy and Project Accountability Policy relating to financial intermediary lending. As it was documen
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.
U Novom danu o evropskim udruženjima za zaštitu reka
February 28, 2019
Da li je posao koji zbog državnih subvencija garantuje profit investitoru istovremeno opasnost za životnu sredinu? Izgradnja malih hidrocentrala u Srbiji postala je jedna od glavnih tema kada su se pobunili meštani oko reka na kojima je trebalo da budu izgrađene. U međuvremenu, bunt je dobio formu građanskog ekološkog pokreta.
The EBRD Country Strategy for Azerbaijan
February 26, 2019
As the EBRD reviews its Country Strategy for Azerbaijan, Civil society organisations approached the Board of Directors to share their concerns about the situation in the country and asked the Bank to be clear that funding should be linked to the perfor