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Complaint: non-compliance of the European Investment Bank’s Transparency Policy with EU and international law

Official document | 16 February, 2016 | Download PDF

This complaint, filed by Bankwatch, Client Earth and Counter Balance with the European Investment Bank’s complaint mechanism, addresses non-compliance of the European Investment Bank’s Transparency Policy with EU and international law on access to information.


EFSI case study: Integrated clean energy project ‘third industrial revolution’ in Nord-Pas-de-Calais

Briefing | 12 February, 2016 | Download PDF

The so-called European Fund for Strategic Investment (EFSI) should unlock additional investment of at least EUR 315 bn over a three year period (2015-2018). One of the projects benefiting from the loans is the intended “third industrial revolution” in Nord-Pas-de-Calais, France, which incorporates numerous smaller projects all working for the same goal: A zero carbon energy system for the entire region. The particular financing mix could potentially serve as a good example for an investment platform under EFSI.


Oyu Tolgoi Phase 2: Plans, Issues and Risks

Study | 11 February, 2016 | Download PDF

This report summarises the mining activity proposed by Oyu Tolgoi in its Phase 2 development plan, describes the block caving underground mining technology planned for the large deep ore body to be mined in Phase 2, environmental impacts and reclamation potential of block cave mines, and issues and risks associated with future OT power supply, international metal market price uncertainties, and OT Phase 1 and 2 impacts on water resources and herders and their livelihood in the region surrounding the OT mine license area.


Nenskra hydropower plant, Georgia

Briefing | 2 February, 2016 | Download PDF

For the last decade, the government of Georgia has promoted hydropower as a way of tackling energy security and turning the country into a regional energy player. The EBRD has been one of the key catalysts of this hydro boom. Yet the presence of the EBRD and other international financial institutions has not been enough to ensure the development of comprehensive energy strategies, robust project assessments and meaningful public consultations. The potential for social and environmental problems is therefore prevalent. The Nenskra hydropower plant is yet another project that lacks the proper assessment and has failed to gain acceptance from the local communities.


Problematic expansion of agribusiness giant MHP in Ukraine with EBRD support

Briefing | 1 February, 2016 | Download PDF

Myronivsky Hliboproduct PJSC, also known as MHP, is a long-term client of the European Bank for Reconstruction and Development. Following loands in 2013 and 2010, the EBRD approved a USD 85 million loan on 28 October 2015 to support MHP’s agricultural working capital needs. While the agricultural sector is widely viewed as one of the engines of the Ukrainian economy, MHP’s operations are having a range of negative impacts on local communities.


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