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When the dust settles – Impacts of the Tayan Nuur iron ore mine on nomadic herders’ lives in Mongolia

Study | 9 December, 2014 | Download PDF

This report from a fact-finding mission to the Gobi Altai mountains in Mongolia describes the impacts the Tayan Nuur iron ore mine has on local nomadic herders, including displacement, dust pollution resulting in diminished livestock, and more. While the mining company Altain Khuder responds to criticism with intimidation, the company’s financier, the European Bank for Reconstruction and Development, is not doing enough to protect herders’ rights.


Letters to EBRD regarding loan for Naftogaz pipeline

Advocacy letter | 9 December, 2014 | Download PDF

The letters were sent shortly before the EBRD’s board of directors are to approve a loan for the Naftogaz Emergency Pipeline Upgrade and Modernisation project. Since the project has not yet passed through all environmental and social procedures, Bankwatch asked the EBRD’s president and its board in separate letters to postpone the board decision. Letter to the EBRD president >> (pdf)


Bankwatch Mail 61

Bankwatch Mail | 2 December, 2014 | Download PDF

Европейский инвестиционный банк как основа Инициативы проектных облигаций ЕС – ее начальной и, как показывает опыт, проблематичной пилотной фазы. В Bankwatch Mail 61 рассматриваются инфраструктурные проблемы, которые сегодня стоят перед Европой, вопрос приемлемости использования таких механизмов, как европейские проектные облигации, для выхода на финансовые рынки, а также обзор недавно представленного пакета инвестиционных мер Юнкера, в котором в очередной раз ведущая роль в области реанимации европейской экономики отводится ЕИБ.


Bankwatch Mail 61

Bankwatch Mail | 2 December, 2014 | Download PDF

The European Investment Bank has been at the heart of the EU’s Project Bonds Initiative – its inception and its so far troubled pilot phase. Bankwatch Mail 61 examines the infrastructure challenges facing us in Europe and beyond, questions whether mechanisms such as the European project bonds are an appropriate way to tap into money in financial markets, and provides an overview of the newly launched Juncker investment package, featuring another pivotal role for the EIB in the latest high-level effort to kick-start the European economy.


Mind the infrastructure gap

Bankwatch Mail | 2 December, 2014 | Download PDF

A case of outrageous bad fortune, or a portent of things to come? The one thing that can be stated with any certainty about the collapsed Castor project, the underground gas storage plant in Vinaròs, Spain that was selected in 2013 as the lead-out project for the EU’s Project Bond Initiative (PBI), is that the Spanish government has put its citizens on the hook to cover a compensation package of EUR 1.35 billion to ESCAL UGS, the project promoter.