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Ombla hydropower plant: public money down the sinkhole

14 November, 2011

Today Bankwatch member group Zelena akcija/Friends of the Earth – Croatia held an action today outside the offices of the EBRD in Zagreb, calling on the bank not to approve a planned loan of up to EUR 123 million for the Ombla hydropower plant project. You can see some images from the demo here.

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The recap on recapitalisation

11 November, 2011

As the eurozone crisis continues to unfold, lending from international financial institutions to the banking sector must be held to the task of supporting the most vulnerable – especially the SMEs in CEE – or it will continue to perform largely unsuccessful and unchecked as it has during the crisis to date.

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What’s the real danger for Cohesion Policy: wrong accounting or wrong results?

10 November, 2011

The proper financial management of EU funds is important to avoid fraud and illegitimate spending. Yet more important is the quality of the funded projects.

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NGO coalition urges EBRD not to finance destruction of national park in Macedonia

7 November, 2011

Skopje – A coalition of more than 30 Macedonian and international NGOs are calling on the European Bank for Reconstruction and Development (EBRD) not to finance Boskov Most hydro power plant in north-western Macedonia. The project would seriously damage Mavrovo national park, the largest in the country and a potential Natura 2000 site, while at the same time being envisaged to produce a relatively small amount of electricity to be used only for the stabilization of the national energy system.

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Hydropower vs. nature in southeast Europe: EBRD complicity in environmental crime?

31 October, 2011

Why is it that when we advocate for something to the international financial institutions (IFIs) they often manage to give it a peculiar twist of their own?

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