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EBRD enters Kosovo: Past IFI failures must be heeded

Bankwatch Mail | 7 March, 2013 | Download PDF

Kosovo has just celebrated the fifth anniversary of independence. In these five years, Kosovo has achieved membership of certain international financial institutions (IFIs): having already joined the IMF and the World Bank, on December 17 last year Kosovo became the 66th member of the European Bank for Reconstruction and Development. Yet what can Kosovo’s citizens expect from EBRD membership?

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Kyrgyz parliament votes to renegotiate Kumtor gold mine contract

Bankwatch Mail | 7 March, 2013 | Download PDF

In a landmark ruling in late February, the Kyrgyz parliament voted to renegotiate a contract signed in 2009 with the Canadian mining firm Centerra Gold Inc. for the exploitation of the Kumtor gold mine, near the border with China. The 2009 deal is the most recent form of the contract between the Kyrgyz state and Centerra that has had a presence in the central Asian republic since the late nineties.

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Commission lays down sustainable energy pointers to EIB

Bankwatch Mail | 7 March, 2013 | Download PDF

The public consultation on the EIB’s review of its energy policy is well underway now, with the bank’s intention being to have the new policy in place sometime this summer. While not part of the review process as such, following an official request for information Bankwatch has received comments submitted by the Directorate-General for Environment of the European Commission to the EIB as part of ongoing exchanges between the bank and the Commission.

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Shell’s new shale gas frontier in Ukraine: another fossil fuel opening for EBRD?

Bankwatch Mail | 7 March, 2013 | Download PDF

The industry frenzy surrounding the development of shale gas in Europe is gathering pace, with the announcement in late January of a EUR 400 million deal between Shell and Ukraine to develop the country’s shale gas potential.

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The EBRD isn’t working – job creation still not central to investments

Bankwatch Mail | 7 March, 2013 | Download PDF

Kurt Bayer, until recently Austria’s executive director at the European Bank for Reconstruction and Development, has for several years maintained an interesting blog covering issues such as the Eurozone crisis and development finance more generally. Following his departure from the EBRD, might we start seeing a few more revealing insights from Mr Bayer about life – and some of its frustrations – at 1 Exchange Square, London?

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