Holding the EIB and EBRD accountable: Are their grievance mechanisms effective?
Briefing | 20 November 2024
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) finance projects that aim to contribute to economic development in alignment with the Sustainable Development Goals. Both banks support various economic undertakings which, despite their positive aims, may either cause harm to people and the environment or fail to achieve their intended outcomes.
To address these challenges, accountability systems exist to ensure that these institutions operate within the framework of their policy objectives. Access to independent, effective, and safe accountability mechanisms should be a fundamental feature of public development finance. In this report, we examine the alignment of both mechanisms with the universal, widely accepted and comprehensive effectiveness criteria for the design and assessment of non-judicial complaints mechanisms set out in the UN Guiding Principles on Business and Human Rights.
Read the summary here.
Theme: Accountability | Grievance mechanisms
Tags: Development banks | EBRD | EIB | accountability | human rights
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.
STAY INFORMED
