January 29, 2021
Since it was first proposed, the Nenskra hydropower project in Georgia has raised significant controversy and concerns among the indigenous Svan communities living near the proposed plant, as well as the general public in Georgia. The accountability mechanisms of the EIB, EBRD and ADB have found numerous violations of the lenders’ environmental and human rights standards, as well as violations of the rights of affected Svan communities.
September 4, 2020
Despite being the biggest class of public finance institutions operating internationally, export credit agencies (ECAs) are rarely subject to any public scrutiny. European ECAs declare the compliance with the non-binding OECD Common Approaches standards, but it’s an insufficient benchmark for evaluating compliance with the EU’s External Action obligations as stated by the relevant EU Regulation.
European Development Bank Significantly Strengthens its Grievance Mechanism – Reformed Mechanism Now More Independent
May 9, 2019
(Amsterdam, Prague, Washington, D.C.) — Civil society organizations welcomed the new grievance mechanism policy for the London-based European Bank for Reconstruction and Development (EBRD).
March 28, 2019
The 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.
March 27, 2019
The draft Accountability Policy of the EBRD proposes a substantial and welcomed restructuring of the mechanism and improves on many of the issues of independence and predictability that hindered the PCM. However, the draft Policy does not yet rectify a
March 7, 2019
Long overdue, and short on content, a compact version of the investigation report on the role of EIB money in the Dieselgate scandal affirms Bankwatch’s revelations that helped trigger this important inquiry. But in its aftermath, there is little to suggest that the EU’s bank has done anything to ensure that the public money it manages will not be misused.
As human rights declaration turns 70, development banks have a ways to go to respect and protect rights defenders
December 10, 2018
Today 10 December marks the seventieth anniversary of the Universal Declaration of Human Rights. To coincide with this milestone, Bankwatch together with more than 200 organisations globally has called on international financiers  to ensure that these institutions support the realisation of human rights, avoid causing or contributing to rights abuses, promote an enabling environment for public participation, and safeguard rights defenders.
November 13, 2018
Brussels – In a step backwards for the EU bank’s transparency and accountability, the Board of Directors of the European Investment Bank (EIB) has approved a controversial new policy  of its Complaints Mechanism, a move that will take the bank further away from the communities affected by its operations – say NGOs.
October 8, 2018
Nearly three years after first announcing it, the European Investment Bank (EIB) has finally presented a new vision for the bank’s complaints mechanism, the body responsible for grievances related to EIB projects and policies.
August 10, 2018
When both parties come to the table ready to participate in a meaningful way, a dispute resolution can serve as a valuable opportunity for companies, as well as the communities impacted by its operations.