European Parliament criticises Serbia’s lack of progress on renewables
February 4, 2014
Facing criticism by the European Parliament of its progress on climate friendly energy sources, the Serbian government tells Bankwatch’s member group that the future of the country’s energy system is none of their business.
Letter to EBRD re potential funding of coal power projects in Egypt
January 29, 2014
Guest post: A Balkan lesson for coal investors
January 28, 2014
When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year – like the one in Kosovo – there’s one word that should be seared into their memories: Sostanj.
Civil society letter: EBRD’s political mandate and value added in Egypt doubtful
January 27, 2014
With this letter 14 organisations from the MENA region and Europe bemoan the lack of clear purpose and effectiveness of the EBRD’s democratic principles that are being undermined by the bank’s moves towards making Egypt a full country of operations despite having significant concerns about the state’s conformity with these principles.
Leaked document: Doubling of electricity tariffs in Ukraine, condition for EBRD nuclear safety loan
January 27, 2014
The project through which the life time of old Ukrainian nuclear reactors is being prolonged with EBRD financing would not be economically feasible without a doubling of electricity tariffs, shows a document leaked to EurActiv last week.
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.
Bosnia and Herzegovina breaches Energy Community Treaty commitments, says official NGO complaint
January 16, 2014
Banja Luka – Bosnia and Herzegovina is failing on its Energy Community obligations by allowing Stanari lignite plant to pollute 2-3 times more than EU standards, shows an official complaint submitted today by NGOs Center for Environment from Banja Luka and ClientEarth to the Vienna-based Energy Community Treaty secretariat.
Complaint against Bosnia and Herzegovina for failing to comply with Energy Community Law
January 16, 2014
By allowing the Stanari lignite plant to pollute 2-3 times more than EU standards, Bosnia and Herzegovina is failing on its Energy Community obligations. This official complaint was submitted by NGO Center for Environment from Banja Luka to the Vienna-based Energy Community Treaty secretariat.
Is Egypt just stuck in transition or heading away from democracy? Considerations for the EBRD
January 10, 2014
Six months after the Egyptian army deposed Egypt’s first freely elected president, the weak democratic signals by the authorities are overshadowed by widespread repression. How can the European Bank for Reconstruction and Development possibly help under these circumstances? Or put differently: Will the limited benefits to the country’s private sector from EBRD engagement really be enough to outweigh the harm done by the bank’s support for an undemocratic regime?
Letter regarding EBRD operations in Egypt despite continued human rights violations
December 23, 2013
Prompted by gross human rights violations in Egypt this letter asks for clarification how the EBRD can continue to operate in Egypt even though the EBRD’s mandate states that the bank operates in “countries committed to and applying the principles of multiparty democracy, pluralism and market economics” and its continued operations in Egypt therefore amount to a blatant violation of its commitments as a public institution.
