Joint statement: Urgent call to IFC and EBRD to impose conditionalities on Oyu Tolgoi’s new loan
Joint statement | 20 December 2024
Civil society organisations from across the globe have signed a joint statement opposing a proposed new loan for the Oyu Tolgoi mine in Mongolia. The proposal blatantly ignores years of unresolved grievances, ongoing environmental damage, and the repeated objections of local herders to this problematic project.
The 37-strong coalition is calling on the International Finance Corporation and the European Bank for Reconstruction and Development to impose strict conditions.
Institution: EBRD | IFC
Theme: Mining
Location: Mongolia
Project: Mining boom in Mongolia
Tags: Development banks | Mongolia | human rights | mining
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