EBRD Draft Public Information Policy – comments
Policy comments | 31 May 2011
The revised Public Information Policy (PIP) of the European Bank for Reconstruction and Development (EBRD) adopts only few of the NGOs’ proposals submitted during the first stage of commenting, therefore missing the opportunity to improve the draft. We insist that the detailed comments submitted in January should be further considered by the EBRD before drafting its final PIP. These comments concentrate on several priority issues, in addition to those submitted in January.
In particular, the draft is excessively referential to confidentiality, to the detriment to its openness principles. As a primary step, it needs to incorporate the Aarhus Convention into its activities.
It also needs to increase the amount of information in affirmative disclosure including project level documents, environmental information, environmental and social covenants, risk assessments, and board votes and documents.
In addition, the public interest test should be improved to fully reflect the multiple information needs of the public better. Finally, the Bank should join multi-stakeholder initiatives such as the IATI and EITI and incorporate their policies into the PIP.
Never miss an update
We expose the risks of international public finance and bring critical updates from the ground. We believe that the billions of public money should work for people and the environment.