Updates on the European Investment Bank

Comments on EIB Transparency & Public Disclosure Policy under revision

The document offers suggestions for revisions of the EIB’s Transparency & Public Disclosure Policies, including both general and detailed comments on both policies, among others on intermediated loans, publications vs. disclosure, corporate governance, stakeholders engagement and the policy framework.

Comments on EIB Complaint Mechanism Policy under revision

The document offers suggestions for revisions of the EIB’s Complaint Mechanism Policy, covering the scope of the mechanism, complaint procedures, stakeholders’ engagement, publication and reporting and data protection, as well as the conceptual framework and objective of the mechanism.

Dam Big Impact – The energy sector development in Georgia

The energy policy of the Georgian government supported by a number of IFIs, aims at utilising the hydroenergy potential in the country in order to overcome the existing energy crisis. But effectively, this policy has the potential to cause significant negative impact on the environment, to drastically change the social and demographic situation in Georgia’s mountain areas and to devastate the existing cultural heritage.

Letter to IFIs regarding Georgian hydropower plants

We have received the following responses: On July 29, 2009 from EBRD (pdf here). On August 4, 2009 from EIB (pdf here). On August 27, 2009 from World Bank (pdf here).

Joint Declaration of the States Parties to the Agreement on the Nabucco Project

The full text is available from the Hungarian Ministry of Foreign Affairs website.

Intergovernmental agreement for Nabucco project

The full text is available from the Hungarian Ministry of Foreign Affairs website.

Letter to DG Environment regarding the Nabucco pipeline project

The letter to European Commission, DG Environment raises political and environmental concerns related to the Nabucco pipeline, among others the human rights situation in Turkmenistan and Azerbaijan. On September 8, 2009 we received a response from DG Environment. Download it a pdf here.

Media briefing on the Nabucco gas pipeline

Letter to European Commission regarding serious problems with the TEN-T network in the Czech Republic

Bankwatch Mail 41

In this issue: Environmental navigation can steer paths through EU funds storm * EU shadow banking sanctioned by the EU * EIB transport lending off course thanks to climate and biodiversity blind spots * Crisis loans set to dig more holes in Serbia * Croatia to become dumping ground of Europe? * Real costs of nukes in central and eastern Europe unleashed * The road to cyanide gold is paved with abuses