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.
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
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 of ethnic Svans of lands and livelihoods, but potential negative impacts have not been properly assessed.
Blog entry | 12 October, 2017
In an interview, a teacher from Chuberi in the Svaneti mountains gave us an impression of how the project developers of the planned Nenskra dam engage with locals.
Blog entry | 28 September, 2017
European public banks who have repeatedly voiced their commitment to tackling the climate crisis and ‘greening’ their investment portfolios continue to dole out cash for fossil fuels extraction, distribution and consumption.
Blog entry | 20 September, 2017
The controversial Ukrainian agribusiness giant Myronivsky Hliboproduct (MHP) tries to handle community relations by putting publicity spin on the outcomes of a long overdue discussion with civil society.
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.
Stuck in the market? 25 years since the fall of the Berlin Wall: what now for the EBRD?
Study | May 14, 2014
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.