Publications

The European Bank for Reconstruction and Development is expected to take a decision this month on whether or not to provide a EUR 300 million loan for a nuclear power plant Safety Upgrade Programme (SUP) in Ukraine. Bankwatch and other environment groups are questioning the…

The European Investment Bank’s annual press conference in the final week of February proved to be significantly more revealing about the bank’s commitment to fueling climate change than is the norm for the EU bank.

The renovation of buildings to high energy performance standards has the potential to be the most cost effective investment any European nation can make, given the benefits in terms of job creation, quality of life, economic stimulus and energy security that such investments…

At a press conference in January, Serbia’s energy minister Zorana Mihajlović spoke out strongly against the Kolubara mining complex, describing it as being “mired in crime and corruption” while also announcing that a thorough investigation is ongoing into corrupt practices b…

“Please be advised that, in this particular transaction, the EBRD and Monsanto were unable to find a satisfactory project structure for financing. Each institution will continue to explore other opportunities in order to provide farmers and distributors with adequate and tim…

Bankwatch’s competition devoted to showcasing ideas for EU funds investments that can generate sustainable development for European communities has proved to be a big success – and it should offer inspiration to EU and national level decision-makers as the task of setting op…

Kosovo has just celebrated the fifth anniversary of independence. In these five years, Kosovo has achieved membership of certain international financial institutions (IFIs): having already joined the IMF and the World Bank, on December 17 last year Kosovo became the 66th mem…

In a landmark ruling in late February, the Kyrgyz parliament voted to renegotiate a contract signed in 2009 with the Canadian mining firm Centerra Gold Inc. for the exploitation of the Kumtor gold mine, near the border with China. The 2009 deal is the most recent form of the…

The public consultation on the EIB’s review of its energy policy is well underway now, with the bank’s intention being to have the new policy in place sometime this summer. While not part of the review process as such, following an official request for information Bankwatch…

The industry frenzy surrounding the development of shale gas in Europe is gathering pace, with the announcement in late January of a EUR 400 million deal between Shell and Ukraine to develop the country’s shale gas potential.

Kurt Bayer, until recently Austria’s executive director at the European Bank for Reconstruction and Development, has for several years maintained an interesting blog covering issues such as the Eurozone crisis and development finance more generally. Following his departure f…

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are public development banks, which should lend money only for environmentally sustainable projects. Yet in reality, while both banks are increasing their investments into ener…