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Money, and the EU’s climate agenda, to burn: EBRD mining strategy on a carbon collision course

Bankwatch Mail | 9 October, 2012 | Download PDF

With the EBRD due to sign off on its new mining strategy in November this year, 22 MEPs have pointed out in an open letter to European commissioners that given the state of the policy draft the bank risks contradicting the EU Resource Efficiency Roadmap and responsible mining principles. At risk of being compromised too, Bankwatch believes, are the EU’s 2020 strategy and EU commitments on climate change and biodiversity protection.

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Trust us, we’re euphoric – Private equity and a tax haven part of the EBRD’s first post-Arab Spring swoop

Bankwatch Mail | 8 October, 2012 | Download PDF

For its first loan to ‘Arab Spring’ countries the European Bank for Reconstruction and Development has chosen vehicles and partners whose ability to deliver developmental value is highly uncertain.

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How the facts got in the way of a good EBRD Roma headline

Bankwatch Mail | 8 October, 2012 | Download PDF

This summer’s ‘silly season’ featured a a blog post on the EBRD website replete with the claim that the bank has helped turn Serbia into a “role model for social inclusion of Roma”. This claim immediately rang hollow in light of the ongoing plethora of abuses of Roma rights in Serbia.

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The Oil Road – How a done deal continues to unravel

Bankwatch Mail | 8 October, 2012 | Download PDF

The Oil Road by James Marriot and Mika Minio–Paluello is a remarkable recounting of their journey along the Baku-Tbilisi-Ceyhan (BTC) pipeline from Azerbaijan to the City of London. It is a narrative peppered with a wealth of cultural, social and economic history and kaleidoscopic insight from the Caspian region and beyond.

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Egypt’s turmoil is a distraction from the west’s economic agenda

Bankwatch Mail | 8 October, 2012 | Download PDF

The storming of the US embassy in Cairo has diverted attention once again from the real issues facing Egypt. It couldn’t have come at a better time for those who want to convince the Egyptian people to accept an International Monetary Fund loan and other western IFI interventions, and thus extend former president Hosni Mubarak’s liberalisation of the economy.

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