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Heavy on the process – EBRD review of governance policies may disappoint many

Bankwatch Mail | 14 May, 2014 | Download PDF

The EBRD’s board of directors is expected, on the eve of the bank’s annual meeting in Warsaw, to approve new ‘good governance’ policies that will have significant bearing on the institution’s future activities. The EBRD’s Environmental and Social Policy, its Public Information Policy and the Rules of Procedure for the EBRD Project Complaints Mechanism have been the feature of multi-stakeholder consultations across the EBRD’s regions of operation in 2013 and into 2014.

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Former EBRD president implicated in bank’s controversial fossil fuel loan in Tunisia

Bankwatch Mail | 14 May, 2014 | Download PDF

What began as research into Serinus Energy EBRD loans that were granted to the company in July 2013 for the exploration and expansion of oil and gas fields in the Chouech Essaida, Ech Chouech, Sabria, Sanrhara and Zinnia concessions in Tunisia, has become a story that reflects both the revolving doors culture that permeates elite circles and how the EBRD is able to provide loans that provide absolutely no additionality.

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People power having major impact on Kulczyk’s coal power plans

Bankwatch Mail | 14 May, 2014 | Download PDF

Local community and NGO pressure has been making things rather difficult of late for the largest planned new coal-fired power plant in Europe.

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IFIs pull out of Turkish coal project – NGO pressure integral

Bankwatch Mail | 14 May, 2014 | Download PDF

Coal power plants are mushrooming all over Turkey, there’s no doubt about that. With the government’s plan to reach 120,000 MW of installed capacity by 2023, double that of today, a 1350 MW power plant in the already heavily industrialised and polluted peninsula of Aliaga in western Turkey could easily have gone unnoticed.

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New online toolkit to tackle the Kings of Coal in south east Europe and Turkey

Bankwatch Mail | 14 May, 2014 | Download PDF

Last year saw international financial institutions such as the European Investment Bank, the European Bank for Reconstruction and Development and the World Bank falling like dominoes one after the other and announcing in rapid succession that they will halt – almost totally – financing for new coal power plants. These banks were also joined by other institutions such as the US Exim Bank and the Nordic Investment Bank, and governments including the US, UK, Netherlands and Scandinavian countries.

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