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Letter to EBRD’s President Mirow regarding the bank’s fourth Capital Resource Review

Publication  |  November 16, 2009

The letter calls for President Mirow to ensure an inclusive debate about the banks role and priorities while the EBRD’s undertakes its Capital Resources Review 4 (CRR4). Bankwatch request that the bank consults external stakeholders about the review, and that background materials related to the process are publicly disclosed in a timely manner. President Mirow responded to our letter on January 14, 2010. Download his response in pdf here.

External review of the Environmental and Social Impact Assessment of the Nenskra hydropower plant

Publication  |  May 13, 2015

The 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.

EIB energy policy review – Time to lock out climate destructive investments for good

Publication  |  December 14, 2012

The European Investment Bank (EIB), the EU’s bank and also the biggest public financial institution in the world by lending volume, has launched a public consultation on its energy policy and is seeking views from the public and other stakeholders that should feed into a review of one of the EIB’s most crucial lending sectors. The new policy is expected to take effect from June 2013.

EBRD undermines Slovenian climate targets and governmental review with 200 million euros for dirty coal project

Press release  |  January 14, 2011

Ljubljana, Slovenia — Campaign groups today lambasted the European Bank for Reconstruction and Development’s (EBRD) signature of a 200 million euros loan for the Sostanj thermal power plant in Slovenia [1], calling it a blatant affront to Slovenia’s long-term climate targets. The signing also fails to await the outcome of a governmental review of the controversial project, expected in mid-February.

CSO letter on the IFC Policy Review

Publication  |  July 30, 2009

Relating to the IFC’s review of its Policy on Disclosure of Information, and its Policy and Performance Standards on Social and Environmental Sustainability Policy, this letter is signed by a coalition of more than one hundred development, environment, human rights, professional, faith-based, gender, youth and economic justice organizations.

EIB urged to dump coal in energy policy review

Publication  |  May 14, 2012

The European Investment Bank has announced that it will commence a review of its energy policy – “Clean energy for Europe: A reinforced EIB contribution” – in the second half of 2012. Bankwatch welcomed the announcement as the current policy, adopted in June 2007, needs to be brought up to speed and aligned with the latest developments in EU energy and climate policies.

EIB commits to review tax haven policy

Blog entry  |  February 14, 2014

During the annual meeting between civil society and the EIB’s Board of Directors, the European Investment Bank committed to review its outdated tax haven policy this year. The commitment which followed a letter from several NGOs expressing such demand, is the most concrete outcome of the meeting which took place on 3rd February in the bank’s headquarters in Luxemburg.

Bankwatch comments on the EBRD’s Capital Resources Review background material (2011-2015)

Publication  |  March 10, 2010

The EBRD invited for comments on the background material on its fourth Capital Resources Review. Further to our recent recommendations to the EBRD on improving its operations for the period 2011-2015 we believe that progress is being made in some areas, but that there are still several important issues that need particular attention.

Bankwatch input to the EBRD’s public information policy review – stage one: comments on the existing policy

Publication  |  January 28, 2011

Bankwatch’s submission draws heavily on earlier comments (pdf) provided by Bankwatch and the Global Transparency Initiative during the 2007/2008 PIP review but also includes amendments from our experiences with the current policy’s implementation. A particular cause for concern is the lack of transparency in case of global loans given to financial intermediaries.

Critical Review of the Ukraine NPP Safety Upgrade Program

Publication  |  March 8, 2012

This expert review of Ukraine’s Nuclear Power Plant Safety Upgrade Program, that’s to be financed by Euratom and the European Bank for Reconstruction and Development shows that some of the measures included in the SUP are necessary for the lifetime expansion of the plants and not for their regular functioning until the initially planned term.