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Social and economic impacts

Projects funded by international financial institutions can have devastating impacts on the lives and livelihoods of individuals and communities or be questionable from an socio-economic perspective.

See current campaigns below which monitor projects with a potential negative impact.

 


 

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The Southern Gas Corridor, a system of mega-pipelines meant to bring gas from the Caspian region to Europe, is unnecessary in light of gas demand projections in the European Union's 2050 Energy Strategy. Neither will the project make European countries independent from Russian gas. At the same time, the USD 45 billion investments will boost Azerbaijan's dictatorial regime and cause damage to local communities and the environment in transit countries like Turkey and Italy.

EBRD
EIB
Commercial banks
ADB
Energy & climate
Social & economic impacts

Locals affected by the road project are facing forceful eviction and have not been properly consulted or compensated. The project promoter reacts to criticism with intimidation.

EIB
Transport
Social & economic impacts
Development

Financed by several development banks, geothermal installations have uprooted Maasai communities whose fundamental rights as an indigenous people have been ignored at first. The company has so far been slow and reluctant in addressing the Maasai's complaints.

EIB
World Bank Group
Social & economic impacts
Development

Tasked with stimulating the European economy, the new investment fund may just become an extention of the European Investment Bank’s normal lending with very limited additional (green) finance.

EIB
EU Funds
Energy & climate
Transport
Social & economic impacts

Georgia plans to build a huge number of dams. Yet with 85 percent of electricity needs satisfied and exports not being taxed, these plans will rather benefit private investors than offering sustainable development for Georgia.

EBRD
World Bank Group
ADB
Social & economic impacts
Other harmful projects

Linked to a slew of controversies, the Kolubara lignite mine in Serbia will receive loans from European public banks. Corruption allegations, pollution at local level, irregularities in resettlement of local populations and not to forget a climate damaging approach to energy investments should be reason enough to find alternatives to lignite mining.

EBRD
Energy & climate
Social & economic impacts

The Nenskra dam is the most advanced of Georgia's massive plans for hydropower installations in the Upper Svaneti region. It will deprive the local community of ethnic Svans of lands and livelihoods, but potential negative impacts have not been properly assessed.

EBRD
Social & economic impacts

While a mountain community will have to be forced to resettle for this mega-project, the opaque ownership and weak taxation mean that benefits for Georgia are highly doubtful.

World Bank Group
Energy & climate
Social & economic impacts
Other harmful projects

The Kumtor open pit gold mine is located in a majestic surrounding in the Kyrgyzstan mountains. It receives continued support by the European Bank for Reconstruction and Development, despite several accidents in the past and ongoing environmental damages from the mining operations.

EBRD
World Bank Group
Social & economic impacts
Other harmful projects
Mining

With huge amounts of unexploited natural resources (gold, copper, coal and more) the Mongolian economy is estimated to grow massively in the years to come. But will it also benefit the people in Mongolia? Our work shows how mining operations lead to pollution and displacement for local herders and exacerbate water scarcity issues.

EBRD
Energy & climate
Social & economic impacts
Other harmful projects