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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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EU-China summit an opportunity to tackle Chinese support for coal in southeast Europe

8 April, 2019

Brussels – With the EU-China summit kicking off in Brussels on April 9, Bankwatch launches a new analysis [1] showing 3.5 GW of new coal may be built in southeast Europe with Chinese support, including in EU member states Romania and Greece.

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Will the EBRD Make a Better Offer on Public Information Disclosure and Engagement?

28 March, 2019

The European Bank for Reconstruction and Development (EBRD) will soon conclude the revision of three policies central to the environmental and social governance of its projects: the Access to Information Policy, Environmental and Social Policy, and Project Accountability Policy. Together, these three documents will form the core of the institution’s protocols ensuring communities’ right to information, right to development, and right to remedy.

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