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Ending fossil fuel support: NGO recommendations for OECD countries on their Export Credit Agencies

Briefing | 27 May, 2014 | Download PDF

According to data compiled by the Natural Resources Defense Council (NRDC), between 2007 and 2013 public financial institutions provided at least $55,7 billion in funding for coal projects abroad. The largest proportion of this comes from national Export Credit Agencies (ECAs) from OECD countries, which have provided at least $32 billion over this period or 58% of total support.


Nuclear shadows – transparency failings persist with Ukrainian safety project

Bankwatch Mail | 14 May, 2014 | Download PDF

Twenty years of limited – if not downright poor – transitional progress has demonstrated the inability of European and global institutions to effectively impact development processes in Ukraine.


EBRD transition role in the spotlight again

Bankwatch Mail | 14 May, 2014 | Download PDF

New analysis from CEE Bankwatch Network of how the EBRD conducts its financing and economic advisory activities finds serious deficiencies in the bank’s overall ‘market-oriented’ approach and catalogues a range of startling EBRD interventions in central and eastern Europe (CEE) and further afield that should prompt deeper examination of the bank’s promotional mantra “We invest in changing lives”.


Heavy on the process – EBRD review of governance policies may disappoint many

Bankwatch Mail | 14 May, 2014 | Download PDF

The EBRD’s board of directors is expected, on the eve of the bank’s annual meeting in Warsaw, to approve new ‘good governance’ policies that will have significant bearing on the institution’s future activities. The EBRD’s Environmental and Social Policy, its Public Information Policy and the Rules of Procedure for the EBRD Project Complaints Mechanism have been the feature of multi-stakeholder consultations across the EBRD’s regions of operation in 2013 and into 2014.


Former EBRD president implicated in bank’s controversial fossil fuel loan in Tunisia

Bankwatch Mail | 14 May, 2014 | Download PDF

What began as research into Serinus Energy EBRD loans that were granted to the company in July 2013 for the exploration and expansion of oil and gas fields in the Chouech Essaida, Ech Chouech, Sabria, Sanrhara and Zinnia concessions in Tunisia, has become a story that reflects both the revolving doors culture that permeates elite circles and how the EBRD is able to provide loans that provide absolutely no additionality.