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Bankwatch Mail 43

Bankwatch Mail | 29 April, 2010 | Download PDF

In this issue: Wise up! European Development Bank red herring masks critique of EIB’s external operations * The case for cyanide in Bulgaria’s gold mines kicked out * Lost in transition * New EU funds report and website * EU funds sinking in Latvia’s enduring crisis swamp * Charge of the electricity brigade against villagers in Ukraine * Will the World Bank be rewarded for business as usual or put to the test to stop climate-damaging development? * Belene in and out of the grip of Russia * IFI

Over the edge. Enel’s plans to export its pollution to Porto Romano, Albania

Study | 27 April, 2010 | Download PDF

The Italian energy giant Enel is planning to construct a coal-fired thermal power plant consisting of two 800 MW units at Porto Romano near the city of Durres in Albania. If constructed this would be the largest investment in the history of the Albanian energy industry. Eighty five percent of the electricity produced would be exported to Italy.

Kazakhstan civil society letter to EIB requesting disclosure of information on the EIB’s Framework Agreement with Kazakhstan

Advocacy letter | 20 April, 2010 | Download PDF

The EIB responded to our letter on May 19, 2010. Their response can be downloaded as pdf.

Counter Balance briefing on the Wise Persons Panel report evaluating the external lending mandate of the European Investment Bank

Policy comments | 15 April, 2010 | Download PDF

Bankwatch comments on the draft EBRD Agribusiness Strategy

Policy comments | 15 April, 2010 | Download PDF

Bankwatch is pleased to see the EBRD giving additional attention to several environmental aspects of its agribusiness operations, but believes that promoting a model based on excessive food transportation and monocultural production is ultimately unsustainable. Additional attention also needs to be paid to the employment and gender impacts of projects.