Updates on the European Bank for Reconstruction and Development

Open letter to Russian President Medvedev regarding the planned public consultation process on the Moscow – St. Petersburg motorway project

Open letter to Commissioner Potocnik from European environmental groups regarding the EU ban on cyanide use in mining

No public money for Nabucco – mega gas project a drain on clean energy, human rights and the environment, says Bankwatch

Budapest, Hungary — Reacting to today’s announcement by the Nabucco Consortium that international public banks are now officially commencing their appraisal of the EUR 7.9 billion (estimated) Nabucco gas pipeline project, watchdog group CEE Bankwatch Network called on the international financiers to reject what would be record European public finance for the project and instead to focus on the financing of clean energy in central and eastern Europe, particularly climate-friendly, job-boosting energy efficiency.

Civil society groups welcome cancellation of Slovak D1 motorway PPP

Friends of the Earth CEPA (Slovakia) and CEE Bankwatch Network applaud today’s cancellation [1] of the 9 billion euros public-private partnership (PPP) for the first phase of the D1 motorway in Slovakia and urged the new government to change the project’s routing to avoid damaging the Mala Fatra and Velka Fatra National Parks.

Letter asking the European Commission’s Executive Director in the EBRD to clarify his D1 Motorway Phase One project approval

On April 27, 2010 at the annual meeting of the European Bank for Reconstruction and Development (EBRD), the European Commissions (EC) Executive Director voted positively regarding the D1 Motorway Phase One project in Slovakia – despite the project’s serious shortcomings and an ongoing project screening by the EC (DG Environment) for its compliance with the environmental acquis communautaire.

In Moscow, thousands protest destruction of Khimki Forest

In spite of heavy policing, several thousand people yesterday rallied at a concert in Pushkin Square to voice opposition to the destruction of the Khimki Forest to make way for the EUR 1.5 billion first section of the Moscow – St. Petersburg motorway, a project that may receive financial blessings from the European Bank for Reconstruction and Development and the European Investment Bank.

Letter requesting the Mayor of Moscow to allow for an unhindered concert-rally “We all live in Khimki Forest!”

Complaint regarding the decision by the EIB to grant ArcelorMittal R&D Facility loan

The complaint was filed by Client Earth and Bankwatch to the EIB complaint office after the EIB signed a loan to steel giant ArcelorMittal that was still under investigation from a previous complaint.

Bankwatch comments on the EBRD draft financial sector strategy

The new draft financial sector strategy of the European Bank for Reconstruction and Development (EBRD) is of even greater importance during this difficult financial period, but it leaves a number of concerns and open questions unanswered which Bankwatch raises in this document, among others regarding foreign currency lending and lending through financial intermediaries, transition and the role of private equity, gender impacts, tax havens, etc.

Letter to EBRD Chief Economist Erik Berglof regarding the bank’s concept of transition and transition impact

Bankwatch is concerned about a lack of opportunities for public engagement in the process of redefining transition and transition impact at the EBRD. We therefore ask how the bank is planning to proceed with following up on a report prepared for the EBRD on Transition and Transition Impact (pdf) and what opportunities are planned for public consultation on the transition concept.