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Formal complaints lodged against questionable EBRD energy loans

Bankwatch Mail | 13 March, 2012 | Download PDF

Early in the new year Bankwatch and partner groups lodged two complaints with the EBRD’s Public Complaint Mechanism (PCM): one concerning the loan agreement for the Rivne-Kyiv High Voltage Line project in Ukraine, the other concerning the EBRD’s Šoštanj lignite thermal power plant loan in Slovenia.


Round and round they go, what they finance next … nobody knows

Bankwatch Mail | 13 March, 2012 | Download PDF

There is more or less consensus among various stakeholders that developing decentralised renewable energy sources (RES) to feed local energy demand is the only way to build a long-term, truly sustainable, effective and fair way to satisfy Europe’s energy needs.


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.