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Home > Publications

Publications

Report


Glass half full? Mid-term analysis of the Modernisation Fund’s operations


This publication updates Bankwatch’s 2025 assessment of the EU's Modernisation Fund and comes at a critical moment for EU climate and energy policy.

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Topics
26 October 2026
EIB must tighten oversight of Georgia’s East–West Highway projects amid authoritarian crackdown

Georgia has been in authoritarian freefall since spring 2024. In response, the EIB, in line with the EU’s position, has not issued any new sovereign loans to the country. However, the Bank still holds a significant active portfolio there, including the East-West Highway road…

21 October 2026
Leaving no one behind? LGBTIQ+ inclusion in EIB policies, safeguards and investments

The European Investment Bank (EIB) has established a range of policy and safeguarding frameworks to promote gender equality, non-discrimination, and social inclusion across its operations. Despite these commitments, the EIB’s current policy architecture does not coherently p…

21 October 2026
Еcological networks in Montenegro: Strategic Roadmap to achieve the targets of the Convention on Biological Diversity, the Bern Convention and the EU Biodiversity Strategy

Montenegro has made substantial progress toward achieving the target under the Convention on Biological Diversity (CBD) by proposing a comprehensive Natura 2000 network.

21 October 2026
Dighomi Meadows: Years of institutional failure risk erasing last floodplain forest in Tbilisi, Georgia

The Dighomi Meadows, a once rich and varied natural habitat and an internationally recognised Emerald Network site, have been in danger since 2014 due to encroaching development, unregulated and illegal gravel extraction, and illegal waste dumping. In 2024, the Asian Develop…

19 October 2026
EIB in Ukraine: Recovery funds slow to reach communities

This briefing looks at how well European Investment Bank (EIB) financing supports Ukraine’s recovery and whether it delivers on the Bank’s climate commitments.

14 October 2026
Advancing sustainable municipal waste management in Ukraine: Lviv agglomeration case study

This report provides an evidence-based analysis along with recommendations on how to establish an integrated and inclusive waste management system in Ukraine.

12 October 2026
Updated civil society proposals for amendments to the Ukraine Plan ahead of its next review

In March 2026, together with our partner organisations, we submitted a joint statement setting out 34 proposals for amendments to the Ukraine Plan, based on the Roadmap for the Sustainable Recovery of Ukraine. In June, the Ukrainian government agreed amendments to the Plan w…

22 September 2026
Letter to the World Bank Board on the Serbia – Strategic Gas Infrastructure and Institutional Strengthening Project

In this joint letter we urge the World Bank Board to defer approval of the Serbia – Strategic Gas Infrastructure and Institutional Strengthening Project.

14 September 2026
The Commission’s ‘do no significant harm’ concept paper: Clearer approach welcome but major loopholes must be closed

This position paper examines the European Commission’s concept paper on the ‘do no significant harm’ (DNSH) principle under the next EU long-term budget.

7 September 2026
Corridor Vc in Bosnia and Herzegovina: The public cost of weak governance

The Corridor Vc motorway through Bosnia and Herzegovina was due to be completed in 2012. As of August 2026, however, only around 45% of the route has been built, with costs climbing to nearly EUR 5.2 billion. This briefing examines nine cases along the motorway that together…

27 August 2026
Ukraine’s Mount Runa at risk: Oschadbank’s compliance with EBRD environmental standards while financing a wind power plant

This issue paper examines the environmental and social risks associated with the planned 156-megawatt Mount Runa wind farm in the Ukrainian Carpathians and the role of financing by Oschadbank, the European Bank for Reconstruction and Development (EBRD)’s financial intermedia…

29 July 2026
Glass half full? Mid-term analysis of the Modernisation Fund’s operations

This publication updates Bankwatch’s 2025 assessment of the EU’s Modernisation Fund and comes at a critical moment for EU climate and energy policy.

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