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Bankwatch Mail 51

Bankwatch Mail | 13 March, 2012 | Download PDF

Issue 51 of our quarterly newsletter with campaign updates and analyses of international development finance issues.

Electing the World Bank President: Open, merit-based process not torpedoed yet

Bankwatch Mail | 13 March, 2012 | Download PDF

No sooner had rumours started circulating in January that Robert Zoellick would be stepping down as president of the World Bank than our friends at the Bretton Woods Project fished out their administrator passwords and fired up the World Bank President website once again.

Formal complaints lodged against questionable EBRD energy loans

Bankwatch Mail | 13 March, 2012 | Download PDF

Early in the new year Bankwatch and partner groups lodged two complaints with the EBRD’s Public Complaint Mechanism (PCM): one concerning the loan agreement for the Rivne-Kyiv High Voltage Line project in Ukraine, the other concerning the EBRD’s Šoštanj lignite thermal power plant loan in Slovenia.

Round and round they go, what they finance next … nobody knows

Bankwatch Mail | 13 March, 2012 | Download PDF

There is more or less consensus among various stakeholders that developing decentralised renewable energy sources (RES) to feed local energy demand is the only way to build a long-term, truly sustainable, effective and fair way to satisfy Europe’s energy needs.

Silence is golden for some – the strange case of the EBRD’s mining policy

Bankwatch Mail | 13 March, 2012 | Download PDF

It is coming up for three years since the EBRD’s 2009 Annual Evaluation Overview Report “alerted Management to develop a new Operation Policy to cover all forms of non-energy related extraction of natural resources (mining policy)”. The EBRD does not appear to have been in any great rush with the preparation of this policy, and one has to wonder how long the bank will allow for the new policy to be consulted with the interested public. More importantly, how influential will public input be in setting the policy objectives and requirements?

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