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ArcelorMittal Temirtau – a never ending story – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

For three years already ArcelorMittal Temirtau (AMT), financed by the European Bank for Reconstruction and Development (EBRD), has been implementing the USD 100 million Mittal Steel Temirtau – Coal Mine Modernisation project that was approved by the bank in 2007.


Azeri iodine plant – is this local development? – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

In 2008 the European Bank for Reconstruction and Development (EBRD) approved a USD 15 million senior loan for the USD 17 million Azer-Yod LLC iodine manufacturing project in Azerbaijan. While the majority of the plants products will be exported, the lives of locals are made worse than they already are because of environmental problems caused by the iodine plant.


D1 motorway Phase I, Slovakia – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

Both the European Bank for Reconstruction and Development and the European Investment Bank approved loans for the D1 motorway Phase I project in Slovakia, which seeks to link the economically wealthier western part of Slovakia with the less developed eastern part. The project is to be financed through a public-private partnership (PPP), which has been the cause of considerable controversy in Slovakia, as has the fact that the planned route impacts protected Natura 2000 areas.


Financial intermediaries: Do economic, environmental and social benefits lie behind the big numbers? – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

In order to prevent the collapse of the banking sector in central and eastern Europe following the outbreak of economic crisis conditions in autumn 2008, the European Bank for Reconstruction and Development (EBRD) has provided a large number of loans to private banks in the region. Yet even though this form of lending is taking on ever greater importance at the EBRD, next to no concrete details about what it is achieving and who is benefiting from it exist for the public.


One Gazela, two Gazelas, three Gazelas… – EBRD AGM Issue Paper on the Gazela resettlement

Briefing | 10 May, 2010 | Download PDF

The removal and resettlement of the informal Gazela settlement from beneath the Gazela Bridge on highway Corridor X over the Sava River in Belgrade’s downtown took place in August 2009. Despite the involvement of international financial institutions (the European Bank for Reconstruction and Development and the European Investment Bank) and foreign development agencies (the European Agency for Reconstruction and the UK Department for International Development), the resettlement has not brought satisfactory results.