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"To the best of our knowledge": How to improve the transparency and accountability of intermediated EBRD investments in three steps

Disbursing public money via private-sector controlled financial intermediaries (FIs) is a means to an end: reaching a larger set of smaller beneficiaries. It has its strong rationale, in particular when it comes to renewable energy projects that, in contrast to traditional energy projects, tend to be smaller in size and dispersed over larger areas. Nevertheless, these financial means must not contravene the ends that multilaterals such as the EBRD have in their mandate or the standards prescribed by their policies.

Concerns regarding the EBRD's Project Complaint Mechanism and recommendations for improvements - letter to EBRD directors

This letter to the European Bank for Reconstruction and Development's Board of Directors summarises civil society organisations' concerns regarding bank's Project Complaints Mechanism, specifically the handling of several complaints, and makes specific recommendations for improvements, based on experience with these cases and with the accountability mechanisms of other institutions.

New cases at UN and EU bodies against Ukraine's prolongation of nuclear licenses

As pressure from civil society and governments is mounting, UN and EU bodies acknowledge Ukraine’s lack of accountability for plans to extend the lifetime of its nuclear fleet. The country could be found in breach of international law. Once again.


Aid Transparency Index: improvements for Europe's multilateral development banks but still a long way to go

As the 2016 Aid Transparency Review shows some improvement for the two main European lenders, they are still far from reaching satisfying transparency standards.


United Nations report highlights risks and failures of public-private partnerships

A United Nations study finds that public-private partnerships involve substantial risks for the public sector and have often failed to yield ‘value for money’.


Report finds development banks fail people harmed by their projects

A new report launched today documents the hurdles communities and workers face in obtaining remedy from development banks whose projects cause them harm. The 11 civil society organizations that authored the report, Glass Half Full? The State of Accountability in Development Finance, call on development banks and the governments that run them to strengthen their systems for providing remedy to those harmed by the activities financed by the banks.

Glass Half Full? The state of accountability in development finance

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Real development respects human rights and is shaped by the people it is designed to benefit. However, development projects financed by development finance institutions in many cases has been associated with the dispossession of land, loss of resources, diminished livelihoods and environmental degradation. Accountability mechanisms in theory aim to ensure that people who have been harmed by these projects receive adequate remedy. As this report shows, however, these accountability mechanisms to a large extent fail to fulfil this function, not least because they operate in a constrained environment constructed by the institutions that administer them.

Financing the post-2015 agenda - the problematic role of development banks

The heavy involvement of international financial institutions in the post-2015 development agenda raises serious questions for civil society around the world on whether the SDGs will manage to address the root causes of inequality, poverty and environmental degradation.


Transforming development finance? Europe's multilateral lenders fail on aid transparency

The recently published 2015 Aid Transparency Review concludes that the European Union is off track from meeting its aid transparency commitments. Europe’s two multilateral development banks are indicative of the altogether rather disappointing outcome.


European Parliament intergroup ITCO condemns new transparency policy of the European Investment Bank

The European Investment Bank's slide towards secrecy, manifest in its newly adopted transparency policy, has been lambasted by the intergroup of the European Parliament responsible for transparency and corruption.


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