EIB suspends operations in Ukraine, EBRD ducks the question
February 20, 2014
Kiev – The European Investment Bank announced the suspension of all activities in Ukraine yesterday following the most violent day since protests in this country began. In its turn, the European Bank for Reconstruction and Development declared it would “concentrate on the private sector”, hardly a meaningful stance considering the close links between government and the business sector in this country.
Energy Community Treaty revision – NGO policy briefing
February 20, 2014
The EU-backed Energy Community Treaty, which brings together the Western Balkans, Ukraine and Moldova in order to integrate them with the EU energy market. Although original Treaty contains some environmental obligations for signatory countries, it pays relatively little attention to environmental and public health concerns. This in turn increases the likelihood of EU countries importing energy produced at great costs to the people and environment in accession and neighbouring countries. The current revision of the Treaty is a valuable opportunity to rectify this problem.
EIB lending for the Czech Operational Programme Transport 2007-2013
February 12, 2014
The Operational Programme Transport 2007-2013 is expected to provide EUR 5.8 billion for transport projects in the Czech Republic. Of this amount, up to EUR 1.3 billion should come from the EIB via the Structural and Cohesion Funds Transport Framework Facility for 2007-2013, with some 55 percent earmarked for investments in new motorway corridors and the rest for upgrades to existing rail corridors. An analysis of the OP project showed many cases of misuse of the public funding.
Media brief: Silver lining in the Energy Community Treaty
February 6, 2014
Currently, a High Level Reflection Group is evaluating the institutional set-up and working methods of the Energy Community and will report this June with suggested improvements to the Ministerial Council. Yet the composition of this group and the informal reports from its first meeting suggest that the environment is in danger of being neglected once again in the updated Treaty.
Ukraine and the EBRD: More than technicalities derail the fight against corruption
February 6, 2014
Before claiming the moral high ground on fighting corruption in Ukraine, the European Bank for Reconstruction and Development should first of all brush up its own transparency policy and drop old-fashioned arguments in favour of confidentiality and secret conditionalities in its projects.
Bankwatch input to the consultation on the Energy Community Treaty
February 5, 2014
Letter to EBRD: Complaint filed with IFC on Danosha pig farms in Ukraine
February 5, 2014
Local communities in the Ivano-Frankvisk region in Ukraine have filed a complaint with the IFC’s complaint mechanism regarding the conduct of agribusiness corporation Danosha. This letter summarises the complaint’s content and asks the EBRD to follow the complaint process and derive lessons for its own support of industrial farming projects in Ukraine.
Trains, planes and citizens’ mobility – Axeing of Polish airport plan brings calls for improved train connections via EU funds
January 22, 2014
As countries around Europe strive in the first weeks of the year to conclude spending plans that will guide how they deploy billions of EU funds for the 2014-2020 budgetary period, last week saw a welcome move in Poland with the shelving of a controversial airport proposal that had been in line for EU support.
EBRD set to backtrack on environmental and social safeguards
January 22, 2014
A draft released yesterday of the Environmental and Social Policy of the European Bank for Reconstruction and Development shows that, instead of strengthening the policy to provide for better implementation, the bank opens several loopholes which ensure that approval of financing is achievable for problematic projects.
Missing sustainability: The EBRD’s controversial energy lending in Ukraine (2006-2013)
December 20, 2013
While the EBRD’s founding document require it to “promote in the full range of its activities environmentally sound and sustainable development” more than half of the bank’s energy investments in Ukraine for the period 2006-2013 hardly served the purpose of sustainable development promotion. In this period the EBRD has supported nuclear energy production and new output capacities for nuclear power plants, export-oriented infrastructure, as well as controversial initiatives in the renewable energy sector.