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
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.
The Khada Valley, Georgia
The Khada Valley in Georgia brings together exceptional biodiversity, precious cultural and archeological heritage, and mountainous villages which have preserved rich traditions and historical lifestyles. But all of this might vanish if a 23-kilometer road from Georgia to Russia – the Kvesheti-Kobi project – is built.
Latest news
Ukraine Facility’s next chapter: From patchwork to principles
Blog entry | 9 December, 2025As the EU looks ahead to rebuilding and integrating Ukraine, the design of its support instruments under the next Multiannual Financial Framework (2028–2034) will shape not only reconstruction on the ground, but also the credibility and long-term sustainability of EU policies.
Read moreReplicability gone wrong: Demolition of cultural heritage and environmental risks at EBRD project in Kazakhstan
Blog entry | 8 December, 2025For years, concerns have been raised about the Almaty International Airport Extension Project which is being financed by the European Bank for Reconstruction and Development (EBRD). Locals question the inadequate protection of cultural heritage and a lack of public participation and access to information. To address this, a formal complaint was recently filed with the Independent Project Accountability Mechanism (IPAM), and the outcome of a compliance review is pending.
Read moreEBRD’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 moreRelated publications
The Euro-Caspian Mega Pipeline – another ‘Blair rich project’
Bankwatch Mail | 8 August, 2014 |The hiring of former British prime minister Tony Blair to advise a BP-led consortium pushing forward with plans to pump Caspian gas from Azerbaijan to Europe has bumped the ‘Euro-Caspian Mega Pipeline’ (ECMP) into western media coverage and lead to criticism of yet another unsavoury Blair consultancy.
Kyrgyzstan: a song in the mountains
Study | 20 June, 2014 |‘Kyrgyzstan: a song in the mountains’ is photographic travelogue to the source of the nomadic Kyrgyz people, their traditions and environment. The book explores people’s relationship to the Kumtor gold mine in the mountains of Central Asia, which is slowly degrading the environment of the area. The reader takes a journey past high mountain lakes, the lost caravanserai of the Great Silk Road and developing farms. Farmers and mountain locals tell the traveler secrets about the lives of their ancestors and their hopes for the future of this beautiful place.
No public money for mega-gas pipeline projects – Projects of Common Interest for gas imports will be harmful
Study | 12 June, 2014 | Download PDFProjects aimed at increasing EU gas imports, included in the European Commission’s Projects of Common Interest (PCI) would surpass the five scenarios of the EC’s own Energy Roadmap 2050 which all foresee an overall decrease in gas imports. Additionally, they would support authoritarian regimes which repeatedly violate human rights and limit space for democratic expression.



