We will not share Monsanto’s risk – Open letter to the EBRD
Advocacy letter | 19 November 2012
Signed by more than 150 organisations, the letter calls on the European Bank for Reconstruction and Development to not further consider USD 40 million unfunded risk participation in Monsanto’s portfolio in Bulgaria, Hungary, Russia, Serbia, Turkey, and Ukraine. The letter explains Monsanto’s long and controversial history of transferring its risks onto other people and the environment. It argues that support for this company and the agricultural model it represents is highly inappropriate for a multilateral development bank committed in its statute to promoting “environmentally sound and sustainable development”.
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Theme: Social & economic impacts
Location: Bulgaria | Hungary | Russia | Serbia | Turkey | Ukraine
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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.