Kolubara mine “mired in crime and corruption”
March 7, 2013
At a press conference in January, Serbia’s energy minister Zorana Mihajlović spoke out strongly against the Kolubara mining complex, describing it as being “mired in crime and corruption” while also announcing that a thorough investigation is ongoing into corrupt practices by the Kolubara management. Bankwatch believes that this latest confirmed scandal at Kolubara should be giving the EBRD serious pause for reflection as it considers yet another loan to the Serbian electricity company EPS, heavily implicated in these latest revelations.
Monsanto drops off the EBRD menu at least for now
March 7, 2013
“Please be advised that, in this particular transaction, the EBRD and Monsanto were unable to find a satisfactory project structure for financing. Each institution will continue to explore other opportunities in order to provide farmers and distributors with adequate and time-appropriate financing, which we recognize to be one of the key challenges to increase agricultural productivity in the Bank’s region of operations.”
EBRD enters Kosovo: Past IFI failures must be heeded
March 7, 2013
Kosovo has just celebrated the fifth anniversary of independence. In these five years, Kosovo has achieved membership of certain international financial institutions (IFIs): having already joined the IMF and the World Bank, on December 17 last year Kosovo became the 66th member of the European Bank for Reconstruction and Development. Yet what can Kosovo’s citizens expect from EBRD membership?
Shell’s new shale gas frontier in Ukraine: another fossil fuel opening for EBRD?
March 7, 2013
The industry frenzy surrounding the development of shale gas in Europe is gathering pace, with the announcement in late January of a EUR 400 million deal between Shell and Ukraine to develop the country’s shale gas potential.
The EBRD isn’t working – job creation still not central to investments
March 7, 2013
Kurt Bayer, until recently Austria’s executive director at the European Bank for Reconstruction and Development, has for several years maintained an interesting blog covering issues such as the Eurozone crisis and development finance more generally. Following his departure from the EBRD, might we start seeing a few more revealing insights from Mr Bayer about life – and some of its frustrations – at 1 Exchange Square, London?
Funding sustainable development in European regions – Recommendations for the programming of EU funds in 10 CEE countries
February 28, 2013
This publication, prepared in close cooperation with national NGO coalitions and the support from external experts, aims to contribute to the elaboration of Partnership Agreements and Operational Programmes by proposing concrete measures to be financed, targets to be set, performance indicators to be applied and investment needs to be met – all with a focus on a policy that can foster sustainable development and catalyse the transformation to a low energy-consuming, renewable-based and resource efficient society. Download individual sections >>
Bogus logic in Ukraine: A nature reserve not worth protecting
February 13, 2013
If you thought the purpose of a nature reserve is to protect wildlife from disruptive human interference, then you’re wrong – at least when it comes to nature that’s in the way of electricity infrastructure in Ukraine.
WWF Position Paper on the EIB energy lending review
February 10, 2013
Quote from the WWF comments: “The EIB’s objective should support the EU’s 2050 decarbonisation goal. An EIB substantively revised energy lending policy should precludes investment in assets that lock‐in high carbon emissions and instead focuses on delivering a European zero‐emission energy system by 2050.”
Will the EBRD do the right thing for Kosovo, its newest member?
February 10, 2013
As Kosovo becomes a member of International Financial Institutions, such as the World Bank and the European Bank for Reconstruction and Development, alarm bells are ringing about which model of development these bodies are pushing in the EU’s newest country.
Anti-coal campaign in Kosovo puts focus on health
February 4, 2013
A campaign against a new lignite power plant in Kosovo uses World Bank figures to highlight the health damage resulting from pollution.