Publications

The European Investment Bank (EIB) is in the early stage of assessing a loan for the 280 megawatt Nenskra hydropower plant, located on the Nenskra and Nakra rivers in the Caucasus mountain valleys inhabited by ethnic Svans. The poor quality assessment of the project, togethe…

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.

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, Fra…

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 ca…

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 internatio…

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….

As part of its new EUR 200 million loan to the Serbian electricity company EPS, the European Bank for Reconstruction and Development aims to assist with “identifying opportunities to improve environmental, safety, social, and labour governance and capacity, and on helping EP…

The European Fund for Strategic Investments (EFSI) aims to leverage through the European Investment Bank (EIB) financing for a total of EUR 315 billion in new projects by 2018. The guarantee fund should target projects with a higher risk profile than normal EIB investments a…

In this letter, a group of 27 non-governmental organisations urge the President of the European Investment Bank not to finance the Southern Gas Corridor, a 3500 kilometres-long chain of gas pipelines from Azerbaijan to Europe. As the EIB considers granting the biggest loan o…

Real development respects human rights and is shaped by the people it is designed to benefit. However, development projects financed by development finance institutions in many cases has been associated with the dispossession of land, loss of resources, diminished livelihood…

This report published by Bankwatch and Friends of the Earth Europe shows how bad spending plans and a lack of climate commitments from nine central and eastern European governments is hampering Europe’s transition away from fossil fuels. The research reveals that in CEE coun…

Following the revelations around Volkswagen cheating emission tests, Bankwatch requested information from the European Investment Bank about its loans to the car maker. After delays, incomplete disclosure, and a frist confirmatory application, the bank released on December 1…