Established to promote transition to market-oriented economies in the countries of central and eastern Europe and Central Asia, the EBRD’s lending often fails to benefit the people in these countries and regularly prioritises carbon-intensive and environmentally damaging development.
Alternative news on the EBRD
We expose the risks of international public finance and bring critical updates from the ground.
We believe that the billions of public money should work for people and the environment.
Harsh economic realities and the discernible trend of democratic retrenchment in EBRD recipient countries suggest there are serious deficiencies in the bank’s overall ‘market-oriented’ approach.
EBRD PROJECTS WE MONITOR
The leading Ukrainian agribusiness giant has been enjoying generous support in public funds and national subsidies. With over half a billion euros from the EBRD, EIB and the IFC, Myronivsky Hliboproduct PJSC (MHP) has grown into a near monopolist in poultry production. While MHP’s vertically integrated model has contributed to its status as a leading Ukrainian agribusiness, the scale and nature of its business have also contributed to mounting concerns about its social and environmental impacts. These concerns are compounded by patterns of poor community consultation and a lack of information provided about MHP’s operations, leaving project-affected people guessing about the true impacts of its operations.
This system of mega-pipelines meant to bring gas from Azerbaijan to Europe, is unnecessary for Europe’s declining gas demand. But the billions in public investments will boost Azerbaijan’s dictatorial regime and cause upheaval for transit communities in Turkey, Greece, Albania and Italy.
The Nenskra dam is the most advanced of Georgia’s massive plans for hydropower installations in the Upper Svaneti region. It will deprive the local community, ethnic Svans, of lands and livelihoods, but potential negative impacts have not been properly assessed.
Blog entry | 10 August, 2018
When both parties come to the table ready to participate in a meaningful way, a dispute resolution can serve as a valuable opportunity for companies, as well as the communities impacted by its operations.
The European Parliament resolution urges European financial institution to respect indigenous peoples rightsBlog entry | 9 August, 2018
Celebrate the rights of those 5 per cent who hold 80 per cent of the planet’s biodiversity. Today is the International Day of the World’s Indigenous Peoples.
Blog entry | 31 July, 2018
From the outside, this tragedy might seem like a natural disaster, a force majeure. But one cannot ignore the human factors at play.
Our critique of the EBRD
After more than two decades of promoting market economies in post-Soviet countries, the EBRD has a poor track record of keeping up with its mission to protect human rights and the environment and promote sustainable development.
For the 25th anniversary of the fall of the Berlin wall we collected examples of EBRD operations to illustrate just how the bank’s activities are often not worth celebrating – at least not for the affected people and environment.
Strong safeguard policies to guide bank lending are essential. At the EBRD meetings we are pushing for these types of reforms based on our collected experience with bank projects across the region.
Too often the EBRD safeguard policies fail to deliver protection for people, climate and the environment. What can be done?
Bankwatch produced this video for the 20th anniversary of EBRD operations, at a time when the bank announced intentions to extend its operational activities to north Africa.
Toolkit for civil society
Guidance on how to use the EBRD’s grievance mechanism for civil society, local groups and individuals that are adversely affected by a bank project.