Press release search results

Indigenous communities in Georgia threatened by a major hydropower project financed with European public money

10 May, 2019

There are many reasons why the Nenskra hydropower plant in Georgia should not be built at all. The project is set to have devastating environmental and social impacts, and its economics are particularly shoddy.

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European Development Bank Significantly Strengthens its Grievance Mechanism – Reformed Mechanism Now More Independent

9 May, 2019

(Amsterdam, Prague, Washington, D.C.) — Civil society organizations welcomed the new grievance mechanism policy for the London-based European Bank for Reconstruction and Development (EBRD).

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Five reasons why EBRD should pull out of the controversial Nenskra hydropower project

8 May, 2019

As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement.

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Goldman winner to development banks: drop billion dollar Nenskra dam in Georgia

29 April, 2019

The 2019 winner of the Goldman Environmental Prize from Europe Ana Colovic Lesoska has today called on development banks – the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank and (ADB) the Asia Infrastructure Investment Bank (AIIB) – to drop their funding for the Nenskra hydropower project planned in Georgia’s Caucasus mountains.

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Corporate loans – the rotten apple in EBRD’s Environmental and Social Policy?

18 April, 2019

As the Board of Directors is expected to vote any day now on the renewed Policy which lays out the conditions for reaching the Bank’s sustainability mandate and commitment to EU standards, a compliance review on Serbia’s energy company’s corporate restructuring loan calls for clearer and stronger safeguards for corporate level loans.

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