Publications

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…

The Ukrainian government continues to disregard the legal conditions attached to the financial support it receives from the European Bank of Reconstruction and Development (EBRD) and Euratom for its nuclear safety upgrade program.

The latest blow to the highly controversial 68 megawatt Boškov Most hydropower plant, that has attracted EUR 65 million in financing from the European Bank for Reconstruction and Development (EBRD), was dealt in early December by the Standing Committee of the Bern Convention…

An ageing nuclear unit in the South Ukraine power plant has become the latest to have its expiry date rewritten by Ukrainian authorities, despite a number of pending safety issues and concerns over compliance with international treaties.

A new Bankwatch report has found that loans totalling EUR 818 million from international public ‘development’ banks have supported 75 hydropower projects in the Balkans, including 30 which directly affect protected areas such as national parks, Natura 2000 sites and Ramsar s…