Whether in Europe or beyond, public money must not become an auxiliary for human rights violations or the marginalisation of affected communities.
We expose cases where development banks fail to protect those impacted by their projects.
We advocate for participation and consultation processes that are not pro-forma exercises, but a tool to ensure people’s well-being.
We run a helpdesk where activists and communities can get advice on how to challenge controversial projects being considered for funding by development banks.
Close to frontline communities
We’re in direct contact with affected communities and provide updates from their struggles.
Image (c) Rosa Vroom
IN FOCUS
The Reconstruction of Ukraine
The scale of destruction caused by Russia’s aggression against Ukraine has been staggering. To repair the damage, joint efforts to coordinate donations and properly plan Ukraine’s reconstruction must start as soon as possible.
A successful reconstruction of Ukraine cannot happen without involvement of the Ukrainian people. That’s why we’re calling on international donors to ensure that the financial structures to help impacted communities are put in place and that civil society groups have a say in this process.
We believe that Ukraine and the international community have a unique opportunity to modernise the country while addressing people’s needs and long-term sustainability.
Amulsar gold mine, Armenia
The controversial Amulsar gold mine near the touristic spa town of Jermuk was supported by the EBRD equity investments, but blocked by locals after the velvet revolution in 2018. In spite of a number of legal threats and intimidation by the company, the blockade continued till the eruption of military conflict overNagorno Karabakh (Artsakh) at the end of 2020.
Myronivsky Hliboproduct (MHP), Ukraine
The leading Ukrainian agribusiness giant has been enjoying generous support in public funds and national subsidies. With over half a billion euros from the EBRD, EIB and the IFC, Myronivsky Hliboproduct PJSC (MHP) has grown into a near monopolist in poultry production. While MHP’s vertically integrated model has contributed to its status as a leading Ukrainian agribusiness, the scale and nature of its business have also contributed to mounting concerns about its social and environmental impacts. These concerns are compounded by patterns of poor community consultation and a lack of information provided about MHP’s operations, leaving project-affected people guessing about the true impacts of its operations.
Corridor Vc motorway, Bosnia and Herzegovina
The Bosnian section of the international Corridor Vc is planned to run for 330 km through Bosnia and Herzegovina. Concerns about environmental impacts and threats to cultural heritage were raised by local people and cultural figures. The public discussions about the project have led to a series of scandals and a deadlock of the motorway’s development.
More of our projects
Georgia’s East–West and North–South road projects: Counting the true costs of highway expansion
The East–West Highway and the North–South Corridor – two key road infrastructure projects supported by major multilateral development banks, have had devastating social, environmental and cultural impacts in Georgia.
Indorama Agro: Uzbekistan’s infamous cotton producer
Despite being Uzbekistan’s largest cotton producer and receiving millions in development loans from the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB) and the International Finance Corporation (IFC) – institutions that promote modernisation and corporate responsibility – Indorama Agro faces multiple complaints of worker mistreatment and retaliation.
Zarafshan, Bash and Dzhankeldy wind projects, Uzbekistan
The first large wind projects in the Central Asian country are being built in biodiversity hotspots and hinder the declaration of protected areas. The IFC, EBRD and ADB need to ensure that some of the most problematic turbines are moved away.
Latest news
EBRD’s toxic bond with Indorama: Funding polluter in Georgia’s shrinking democracy
Blog entry | 30 September, 2025The European Bank for Reconstruction and Development (EBRD) continues to back one of its most controversial clients in one of Europe’s most troubled democracies. Human rights, labour laws, and the environment are all at stake.
Read moreCan Ukraine reconcile environmental priorities with economic interests?
Blog entry | 24 September, 2025The Ukrainian government has updated indicators in the Ukraine Plan under the 2024–2027 Ukraine Facility. Though largely technical, the changes still need EU approval.But the key question remains: Will the government deliver on the environmental reforms essential to Ukraine’s European future?
Read moreEIB–EBRD mutual reliance: A threat to environmental and social accountability
Blog entry | 14 July, 2025In April, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) signed a Mutual Reliance and Cooperation Agreement, founding their future cooperation on jointly financed projects. Yet concerns have already emerged about potential risks to environmental and social safeguards as well as accountability under the new partnership.
Read moreRelated publications
Civil society feedback on the mid-term evaluation of the Ukraine Facility Regulation
Open letter | 14 May, 2026 | Download PDFIn the next Multiannual Financial Framework, the EU’s financial instrument for Ukraine must be improved by embedding binding climate and environmental safeguards from the outset and preserving funding for democracy, biodiversity and climate resilience.
Vinnytsia Poultry Farm: Agri-Oligarchy and Its Impacts in Ukraine
Report | 12 May, 2026 | Download PDFThis report explores the human and environmental rights impacts of this project, financed by Development Finance Institutions.
Justice delayed in Nepal: The EIB Group Complaints Mechanism and the Tanahu hydropower project
Case study | 30 April, 2026 | Download PDFBankwatch, together with the Community Empowerment and Social Justice Network (CEMSOJ) and the International Accountability Project, presents a case study on the Tanahu hydropower project in Nepal, in which the current EIB-CM has proven ineffective. The organisations also make recommendations for the ongoing review of the Complaints Mechanism Policy.
