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.
Close to frontline communities
We’re in direct contact with affected communities and provide updates from their struggles.
Image (c) Rosa Vroom
Where rights are on the line
Export Credit Agencies (ECAs)
Totalling many billions of dollars, the volume of ECAs financing far outpaces that of development banks and yet avoids the same public scrutiny. A great portion of their financing goes into large industrial infrastructure projects that are often known
Boskov most hydropower plant, North Macedonia
Boskov Most was one of 18 hydropower greenfield projects planned by the North Macedonian government in the Mavrovo National Park. After five years of campaigning, we convinced the European Bank for Reconstruction and Development about the folly of this project and to cancel its EUR 65 million loan. Without its major source of funding, the project lost steam and was discontinued.
Kresna gorge / Struma motorway, Bulgaria
The Struma motorway is tragically emblematic of an EU-funded project that has wrought havoc on European biodiversity and the wishes of local communities. In spite of two decades of protest by civil society and citizens, part of the Struma motorway section is planned directly through the Kresna gorge, a Natura 2000 site and Bulgaria’s richest biodiversity hotspot.
Latest news
Will the EBRD Make a Better Offer on Public Information Disclosure and Engagement?
Blog entry | 28 March, 2019The European Bank for Reconstruction and Development (EBRD) will soon conclude the revision of three policies central to the environmental and social governance of its projects: the Access to Information Policy, Environmental and Social Policy, and Project Accountability Policy. Together, these three documents will form the core of the institution’s protocols ensuring communities’ right to information, right to development, and right to remedy.
Read moreWhen the EU’s bank can’t kick the fossil fuels habit
Blog entry | 27 March, 2019As the European Investment Bank (EIB) is nowadays preparing a new Energy Lending Policy to guide its investment in energy projects, it seems the world’s largest public lender is not willing to acknowledge its contribution to climate change, the biggest crisis currently facing humanity.
Read moreNew report highlights misuse of banking secrecy rules
Blog entry | 26 March, 2019BankTrack’s study finds that client confidentiality is not an absolute legal requirement in any of the world’s major banking centres. Banks can – and do – include the right to disclose information into their contracts. Will the EIB & EBRD acknowledge this in their policies on intermediated lending?
Read moreRelated publications
Complaint to the European Ombudsman regarding the EIB’s non-disclosure of information
Briefing | 14 May, 2019 | Download PDFThis complaint is based on the Memorandum of Understanding signed by the EIB with theEuropean Ombudsman allowing the complainants who are not satisfied with the outcome of the procedure before the European Investment Bank-Complaints Mechanism (EIB-CM)
Nenskra hydropower project: May 2019 update
Briefing | 14 May, 2019 | Download PDFGiven the complexity of the Nenskra project and its immense impact on indigenous Svan communities and the country’s fiscal stability, the EBRD should take responsibility and not provide financial support until the project is properly assessed. Read mor
Letter to EBRD president Suma Chakrabarti
Advocacy letter | 3 April, 2019 | Download PDFCEE Bankwatch Network, Arab Watch Coalition and the International Accountability Project call to the EBRD President, Sir Suma Chakrabarti, to ensure a people-centered Access to Information Policy. Communities, individuals, and civil society have the ri
