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Silence is golden for some – the strange case of the EBRD’s mining policy

Bankwatch Mail | 13 March, 2012 | Download PDF

It is coming up for three years since the EBRD’s 2009 Annual Evaluation Overview Report “alerted Management to develop a new Operation Policy to cover all forms of non-energy related extraction of natural resources (mining policy)”. The EBRD does not appear to have been in any great rush with the preparation of this policy, and one has to wonder how long the bank will allow for the new policy to be consulted with the interested public. More importantly, how influential will public input be in setting the policy objectives and requirements?


EIB lending figures in 2011: Germany 6 – Greece 1

Bankwatch Mail | 13 March, 2012 | Download PDF

For a bank tasked to contribute to the ‘balanced and steady’ development of the internal market in the interest of the EU, the EIB’s figures for its financing operations in 2011 (released last month at its annual press conference) induced a certain amount of head-scratching here at Bankwatch Mail.


A civil society ‘Hello’ to the EIB’s new president

Bankwatch Mail | 13 March, 2012 | Download PDF

The ‘Counter Balance: Challenging the EIB’ coalition has written to Werner Hoyer, the new president of the EIB, welcoming him to his new post. Hoyer, formerly state secretary in Germany’s foreign office and a member of the Free Democrats, the junior partner in Chancellor Angela Merkel’s government, becomes the EIB’s seventh president, succeeding Philippe Maystadt.


EIB’s clean energy credentials continue to be compromised, policy review offers clean break from fossil fuels

Bankwatch Mail | 13 March, 2012 | Download PDF

‘Carbon Rising’, a new study from Bankwatch, catalogues the EIB’s energy lending for the period 2007-2010 during which time the bank loaned EUR 40 billion to energy projects across the EU and EUR 8 billion outside the EU. This lending was guided by the EIB’s first energy policy ‘Clean Energy for Europe: A Reinforced EIB Contribution’, adopted by the bank in 2007.


Infrastructure in the developing world: does it need PPPs?

Bankwatch Mail | 13 March, 2012 | Download PDF

Bankwatch Mail invited two specialists, Matt Bull of the World Bank’s Public Private Infrastructure Advisory Facility and David Price of the Centre for Primary Care and Public Health, Queen Mary, University of London, to debate the issue of PPPs in the developing world.