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
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 Khada Valley in Georgia brings together exceptional biodiversity, precious cultural and archeological heritage, and mountainous villages which have preserved rich traditions and historical lifestyles. But all of this might vanish if a 23-kilometer road from Georgia to Russia – the Kvesheti-Kobi project – is built.
Make ICT Fair is an initiative to improve labour rights in the electronics supply chain, established by eleven European non-governmental organisations and academic institutions: Swedwatch, University of Edinburgh, CATAPA, Le Monde Diplomatic, Towards Sustainability Association, CEE Bankwatch Network, People and Planet, Electronic Watch, SETEM Catalunya, Südwind, and ICLEI.
Blog entry | 22 June, 2020
Strategic lawsuits against public participation (SLAPP) are a form of often frivolous litigation used by corporations to intimidate and punish critics and silence their right to free speech. Lydian international, the tax haven-listed mining company, has repeatedly deployed the tactic against journalists and civil society as it presses forward with the Amulsar gold mine in Armenia, whilst the EBRD has stood by silently.
Blog entry | 16 June, 2020
Like many other financial institutions, the European Bank for Reconstruction and Development (EBRD) has responded to the call to join the global effort to tackle the climate crisis. And yet, over the past decade, while growing its support for renewable energy, the bank has continued to hand out public money to the fossil fuels industry.
Press release | 15 June, 2020
Yerevan – The beleaguered Amulsar gold mine in Armenia broke rules attached to two loans totalling EUR 11 million it received in 2017 and 2009 from the European Bank for Reconstruction and Development, alleges a new complaint from 23 people living near the project and Armenian and international civil society groups including CEE Bankwatch Network.
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.