New EIB President Nadia Calviño must put people’s needs first
December 8, 2023
The new European Investment Bank (EIB) President Nadia Calviño must tap into the Bank’s green and social potential. She should direct the EIB to mobilise its resources to meet the fundamental needs of people and to assist with transforming our society into one that’s ecological and sustainable.
Local budgets and the reconstruction of Ukraine
November 30, 2023
In the first part of the series ‘Ukrainian communities at the forefront of reconstruction efforts: Financial sources and their accessibility for municipalities’, we examine the problems of access to finance for reconstruction at the community level and explore the possibilities of financing the needs of municipalities through extra-budgetary funding, including international financial institutions.
Media briefing on the Ukraine Facility
October 17, 2023
On 17 October 2023, the European Parliament voted on amendments to the Ukraine Facility, a EUR 50 billion reconstruction fund for Ukraine.
A call to defend the independence of accountability mechanisms
October 9, 2023
Bankwatch joins other community advocates around the world in sounding the alarm about growing threats to the independence of accountability mechanisms attached to international financial institutions and other development agencies.
Civil society groups urge the EBRD to rethink mining investments
September 20, 2023
Twenty civil society organisations from Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Georgia, Mongolia, Uganda, Ukraine and Uzbekistan, as well as seven international environmental and human rights organisations, are calling on the European Bank for Reconstruction and Development (EBRD) to reconsider its approach to mining investments.
Complaint filed against EBRD: labour rights violations, land grabs and exploitation at cotton producer Indorama Agro in Uzbekistan
September 5, 2023
On 3 August 2023, Uzbek Forum for Human Rights (Uzbek Forum), assisted by Bankwatch Network, filed a complaint with the Independent Project Accountability Mechanism (IPAM) of the European Bank for Reconstruction and Development (EBRD) for human rights violations at Indorama Agro, one of Uzbekistan’s largest cotton producers.
Is this development? Public development banks must rethink their investments and put local communities first
September 4, 2023
On 4 to 6 September, the world’s public development banks will gather for the Finance in Common Summit in Cartagena, Colombia. They’ll be discussing key development issues – from climate change to infrastructure – issues that affect the lives of millions of people around the world. Bankwatch is on the ground to expose the adverse impacts of investments made by development banks and advocates for meaningful community participation in decision-making on development projects.
Civil society calls on public development banks to overhaul their approach to development
September 4, 2023
As a member of the Coalition for Human Rights in Development, Bankwatch has joined civil society organisations and human rights defenders from over 20 countries in calling for immediate and effective action from public development banks.
Tbilisi Transport Policy and Reforms: Main Issues and Recommendations
August 22, 2023
In 2018, Tbilisi authorities set out to decrease the city’s car dependency, reduce traffic jams, improve air quality and develop better infrastructure for walking and cycling. But despite investment from the EBRD and ADB, there has been little improvement.
Tbilisi’s transport policy conundrums: between resolution and resistance
August 21, 2023
The efforts of Tbilisi City Hall, responsible for transport reform, are anything but commendable. Criticism is also apt for the international financial institutions that have invested significantly in Tbilisi’s transport planning overhaul, and that are therefore responsible for monitoring its progress and impact.