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
Lutsk has renovated 29 trolleybuses with the money of the European Investment Bank, but the infrastructure is being modernized slowly
Bankwatch in the media | 19 February, 2026“Despite large-scale financial support from the EIB, urban transport modernization projects are implemented with delays and focus mainly on the purchase of equipment without proper infrastructure development and strategic planning. This reduces the long-term effect for cities,” says Kateryna Melnyk, a specialist in greening investments at Ecoaction and an expert at CEE Bankwatch Network.
Read moreNew equipment, but old infrastructure: how old contact networks can ruin new trolleybuses in Ternopil and reduce the effect of investments
Bankwatch in the media | 18 February, 2026As Kateryna Melnyk emphasizes, in order for international loans to work more efficiently, it is necessary to finance transport comprehensively together with infrastructure, as well as reduce delays in the approval and implementation of projects.
Read moreEUR 400 million urban transport loan: what went wrong and how to fix it
Bankwatch in the media | 17 February, 2026Over the past ten years, Ukraine has received EUR 400 million from the European Investment Bank to modernise urban public transport.
Read moreRelated publications
#SaveGeorgianNaturefromEBRDfinancedDams
Bankwatch Mail | 14 May, 2015 |In the run-up to this year’s annual meeting in Tbilisi, the EBRD has taken to social media, via the hashtag #Georgia15, to invite Twitter users to share “beautiful photos of Georgia with a global audience”.
External review of the Environmental and Social Impact Assessment of the Nenskra hydropower plant
Official document | 13 May, 2015 | Download PDFThe Georgian Ministry of Environment has commissioned an external review of the Environmental and Social Impact Assessment (ESIA) of the Nenskra hydropower plant before issuing its ecological expertise opinion which is a prerequisite for a construction permit. This review indicates that the ESIA report for Nenskra fails to sufficiently define the area of influence, suggest project alternatives, assess the impacts on the local communities and evaluate the costs and benefits of the project for the Georgian society.
EBRD money and nuclear safety in Ukraine: Being a lender does not guarantee leverage
Briefing | 12 May, 2015 | Download PDFThe EBRD has denied its role in enabling Ukraine’s ageing units to operate beyond their design lifetime. It has also claimed that through the loan it has important leverage over its client Energoatom to help ensure a proper level of nuclear safety and the compliance with Ukraine’s international commitments in the nuclear energy sector. However, developments in January-May 2015 show the EBRD has been over-optimistic about the role and leverage it has gotten by granting the loan for the safety upgrade project.
