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
Comments and recommendations on the EBRD Draft Mining Strategy
Policy comments | 23 June, 2012 | Download PDF(Download a short version of these comments as pdf.) As it is now, the EBRD foresees growth in the mining sector and sees its involvement as crucial in this process. At the same time the Bank recognizes that mining can cause significant adverse environmental and social impacts, including permanent ones, and that no single mine can be sustainable since it exploits a finite local resource.
A Partnership of unequals – Electricity exports from the eastern neighbourhood and western Balkans
Study | 7 June, 2012 | Download PDFCooperation in the energy sector is one of the European Union’s key priorities in its relationships with neighbouring states. Although the promotion of energy efficiency, energy savings and the use of renewable energy sources should be the primary areas of cooperation along with “energy security”, the latter receives the lion’s share of attention and in several cases also a disproportionally large amount of financial support. This can have several negative environmental and social implications as this study shows.
Letter to EBRD requesting evaluation of K2R4 safety modernisation before considering new loan to Ukraine’s nuclear energy sector
Advocacy letter | 1 June, 2012 | Download PDFDue to a number of so far unfulfilled project measures in an EBRD financed safety modernisation project in Ukraine (K2/R4 post start-up safety modernisation programme), Bankwatch has asked the EBRD’s Chief Evaluator for a thorough evaluation before further loans for Ukraine’s nuclear energy company Energoatom are being considered.
