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Joint statement: Urgent call to IFC and EBRD to impose conditionalities on Oyu Tolgoi’s new loan

Joint statement: Urgent call to IFC and EBRD to impose conditionalities on Oyu Tolgoi’s new loan

Joint statement    |    20 December 2024

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37 civil society organisations from around the world have signed a joint statement on the new loan proposal for the Oyu Tolgoi mine in Mongolia. The proposal blatantly ignores years of unresolved grievances, environmental damage and the rejection of the mine by local herders. Civil society is calling on the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) to impose strict conditions on these loans.

Institution: EBRD | IFC

Theme: Mining

Location: Mongolia

Project: Mining boom in Mongolia

Tags: Development banks | Mongolia | mining

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