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Vreoci community requests EBRD to suspend credit arrangement with Kolubara

Advocacy letter | 13 March, 2012 | Download PDF

The Vreoci community from the Kolubara mining basin requests from the EBRD to suspend the loan arrangements for the Kolubara lignite mine due to the constant and increasing violations of human and property rights by the Public Company Mining Basin “Kolubara” – Lazarevac.


Letters to EBRD and EIB: Irregularities in the Sostanj project in Slovenia

Advocacy letter | 13 March, 2012 | Download PDF

With this letter, Bankwatch, together with Focus, Association for Sustainable Development and Greenpeace Slovenia are informing the EIB’s and EBRD’s highest decision-making bodies about recent developments in the case of the Sostanj lignite power plant that in our view should prompt the banks to drop their participation in this investment. The EBRD’s president Thomas Mirow replied on April 16, 2012 (download his response (pdf)) informing us about the suspension of the EBRD’s loan for the Sostanj project. Just one day later, another letter from the EBRD (download as pdf) informed us that the suspension is not a formal suspension.


Borrowed life: Asian Development Bank projects failing Uzbeks

Bankwatch Mail | 13 March, 2012 | Download PDF

Under its new Country partnership strategy (CPS) for Uzbekistan to commence this year, the Asian Development Bank (ADB) will be guided by the evolving development needs of Uzbekistan, as well as the long-term ADB strategic framework for 2008-2020.


State Commission warns of corruption and illegality at Šoštanj

Bankwatch Mail | 13 March, 2012 | Download PDF

Fresh controversy hit the proposed 600 MW lignite power plant at Šoštanj in Slovenia in late February when the Slovenian State Commission for the Prevention of Corruption issued a report in which it says corruption conditions existed at the time of the awarding of the construction contract to French company Alstom and continue to exist today. The Commission report also states that Slovenian lobbying legislation has been breached by the goings-on at Šoštanj.


Welcoming letter to the new EIB president

Advocacy letter | 12 March, 2012 | Download PDF

The Counter Balance EIB coalition has welcomed Werner Hoyer, the new president of the EIB, to his new post.