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Bankwatch letter of concern regarding the Dniester project concept review

Advocacy letter | 28 November, 2007 | Download PDF

On December 10, 2007 World Bank responded to our letter. Download the response as pdf here.

Letter of concern from National Ecological Center of Ukraine (NECU) regarding WB’s Dniester project concept review

Advocacy letter | 26 November, 2007 | Download PDF

On December 10, 2007 World Bank responded to this letter. Download the response as pdf here.

Letter to the European Commission regarding its decision on the EIA report for the Belene Nuclear Plant

Advocacy letter | 23 November, 2007 | Download PDF

Letter to the European Commission regarding potential financing for the Belene Nuclear Power Project

Advocacy letter | 20 November, 2007 | Download PDF

Letter to the EBRD regarding the procurement notice for the Stanari thermal power plant project

Advocacy letter | 16 November, 2007 | Download PDF

It is of great concern to us that the EBRD is considering a loan for Energy Financing Team (EFT), a company which is under continued investigation by the UK Serious Fraud Office (SFO) regarding its activities in Bosnia-Herzegovina. This investigation was launched based on a series of convergent facts and reports, in particular a special audit report of the Republic of Srpska power utility. We believe that for the EBRD to publicly associate itself with the company, even by posting a procurement notice and stating that the company may apply for an EBRD loan, sends out a message that being under investigation for possible corruption is no barrier to receiving public financial support. After years of attempts by various actors to improve public and corporate governance standards, this is exactly the opposite message that the EBRD ought to be sending out.