EBRD Annual Meeting 2019 – Sarajevo, Bosnia and Herzegovina

A phase out from fossil fuels is inevitable in all countries where the EBRD operates, and the bank should be listen, support, and then follow through with investments to realise this vision.

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Given the complexity of the Nenskra project and its immense impact on indigenous Svan communities and the country’s fiscal stability, the EBRD should take responsibility and not provide financial support until the project is properly assessed.

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“Restructuring” EPS is more about perpetuating non-compliance, building new coal units and expanding lignite mines. Read Bankwatch’s request to the EBRD concerning the outcomes of the EPS compliance review.

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The case shows the importance of consulting all stakeholders before a loan contract is signed – even for Category B projects, as they may have equally destructive impacts on the environment, biodiversity and local communities.

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The cautious approach to hydropower in the Balkans should be applied to other regions that also struggle to implement the EBRD and EU standards. The EBRD should protect the pristine ecological status of rivers and the rights of communities.

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Failing to acknowledge the Lower Svaneti Lalkhor, the violations to Georgian legislation and the bank’s own policies will deteriorate the livelihoods of the indigenous Svans and the potential for alternative development and tourism in the villages.

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The EBRD should ensure the close examination of the project and its documents before it officially enters into pipeline, as it is likely to have a considerable effect on local communities and biodiversity.

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