Adriatic Metals’ ruthless mining: How can the EBRD help improve its clients’ practices when it doesn’t follow its own standards?
Blog entry | 27 July, 2023The DFF Adriatic Metals project, located between the towns of Vareš and Kakanj in Bosnia and Herzegovina, is proclaimed by the investor to be setting new benchmarks for sustainable mining and committing to safety, community, and sustainability – claims not shared by people living in Kakanj.
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Agriculture: priorities for sustainable investments to aid Ukraine’s recovery
Publication | 20 June, 2023In this issue paper, we argue that the recovery of the agricultural sector should not solely focus on production growth goals but also prioritise the long-term sustainability of Ukraine as it progresses towards EU membership.
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EBRD urban projects in Ukraine must drive national recovery efforts
Publication | 19 June, 2023A year and four months after the start of Russia’s large-scale war, Ukraine is on the verge of large-scale reconstruction. The country requires significant investments to reconstruct territorial communities in order to restore life, return residents, recover economic activity and respond to new challenges.
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Ukraine’s reconstruction should prioritise a distributed, low-carbon energy system
Publication | 16 June, 2023Ukraine aims to transition to 100 per cent renewable energy sources and safely decommission its nuclear power plants by 2050. To achieve these goals, future investments in the energy sector must be underpinned by a policy of zero tolerance toward fossil fuels.
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The forgotten annex in the EBRD Sustainability Report 2022: human rights
Publication | 9 June, 2023In 2022, Bankwatch and its partner civil society organisations provided the European Bank for Reconstruction and Development (EBRD) with over twelve reports highlighting human rights concerns related to investment projects in the Bank’s countries of operation. However, none of these concerns are mentioned in the EBRD Sustainability Report 2022.
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Seven years after joining the EBRD’s Green Cities programme, is Yerevan’s green future going up in flames?
Blog entry | 2 June, 2023In May 2023, a massive fire broke out at the Nubarashen landfill on the outskirts of Yerevan, enveloping the city in a cloud of toxic smoke generated by the burning waste. It took 10 days and 2,300 truckloads of soil to extinguish the flames. Coming seven years after Yerevan became a pioneer by joining the European Bank for Reconstruction and Development (EBRD)’s Green Cities initiative, this incident is a stark reminder of the urgent need to adopt a safer and more sustainable approach to waste management and urban planning.
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Implementation of Yerevan’s Green City Action Plan
Publication | 2 June, 2023This report assesses the extent to which the actions, targets and objectives set out in Yerevan’s GCAP have been implemented and how this has affected the city’s environmental conditions.
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The unexplained backtracking of the EBRD and Tbilisi City Hall: why did they keep the contract with a Russian company?
Press release | 13 March, 2023The European Bank for Reconstruction and Development (EBRD) is providing funding to Tbilisi City Hall to purchase metro cars for the Georgian capital’s metro system from a Russian company, Metrowagonmash. The company is part of Transmashholding, whose shareholders – Russian oligarchs Iskander Makhmudov and Andrey Bokarev – are closely linked with the Kremlin and its defence industry. Metrowagonmash’s sister company is also reportedly providing engines for Russian warships.
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EBRD funds channelled to Kremlin affiliates: Why the purchase of Tbilisi metro cars from a Russian company should not proceed as planned
Blog entry | 13 March, 2023The European Bank for Reconstruction and Development is providing funding to Tbilisi City Hall to purchase metro cars for the Georgian capital’s metro system from Russian company Metrowagonmash. But Metrowagonmash is not just any Russian company.
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EBRD: Everything is peachy, just trust us!
Blog entry | 17 February, 2023The European Bank for Reconstruction and Development (EBRD) appears keen to finance a major new pipeline to import fossil gas from Greece to North Macedonia, which would lock the country into increased fossil gas use for decades. Yet when the rationale for this is questioned, the EBRD fails to provide relevant data to justify its claims.
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