Nenskra hydropower project: May 2019 update
May 14, 2019
Given the complexity of the Nenskra project and its immense impact on indigenous Svan communities and the country’s fiscal stability, the EBRD should take responsibility and not provide financial support until the project is properly assessed. Read mor
Indigenous communities in Georgia threatened by a major hydropower project financed with European public money
May 10, 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.
European Development Bank Significantly Strengthens its Grievance Mechanism – Reformed Mechanism Now More Independent
May 9, 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).
Corporate loans – the rotten apple in EBRD’s Environmental and Social Policy?
April 18, 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.
Letter to EBRD president Suma Chakrabarti
April 3, 2019
CEE Bankwatch Network, Arab Watch Coalition and the International Accountability Project call to the EBRD President, Sir Suma Chakrabarti, to ensure a people-centered Access to Information Policy. Communities, individuals, and civil society have the ri
Will the EBRD Make a Better Offer on Public Information Disclosure and Engagement?
March 28, 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.
Comments on the EBRD draft Access to Information policy
March 27, 2019
Fulfilling the right of access to information is the beginning and foundation of true development that respects the rights of all people. Access to information goes hand-in-hand with meaningful consultation and stakeholder engagement to ensure that pro
Comments on the EBRD draft Environmental and Social Policy
March 27, 2019
We welcome the proposed improvements in the EBRD draft Environmental and Social Policy, including the stronger language on human rights, gender and vulnerable groups, as well as the reintroduction of the referral list for financial intermediary high ri
New report highlights misuse of banking secrecy rules
March 26, 2019
BankTrack’s study finds that client confidentiality is not an absolute legal requirement in any of the world’s major banking centres. Banks can – and do – include the right to disclose information into their contracts. Will the EIB & EBRD acknowledge this in their policies on intermediated lending?
EIB and Volkswagen keen to return to business as usual
March 7, 2019
Long overdue, and short on content, a compact version of the investigation report on the role of EIB money in the Dieselgate scandal affirms Bankwatch’s revelations that helped trigger this important inquiry. But in its aftermath, there is little to suggest that the EU’s bank has done anything to ensure that the public money it manages will not be misused.
