October 31, 2017
The 18th meeting of the Green Climate Fund in the beginning of October confirmed again that big institutions are getting the biggest share of finances. This time it was the European Bank for Reconstruction and Development who left its mark.
“To the best of our knowledge”: How to improve the transparency and accountability of intermediated EBRD investments in three steps
May 9, 2017
Disbursing public money via private-sector controlled financial intermediaries (FIs) is a means to an end: reaching a larger set of smaller beneficiaries. It has its strong rationale, in particular when it comes to renewable energy projects that, in co …
Concerns regarding the EBRD’s Project Complaint Mechanism and recommendations for improvements – letter to EBRD directors
January 23, 2017
This letter to the European Bank for Reconstruction and Development’s Board of Directors summarises civil society organisations’ concerns regarding bank’s Project Complaints Mechanism, specifically the handling of several complaints, and makes specific recommendations for improvements, based on experience with these cases and with the accountability mechanisms of other institutions.
November 8, 2016
As pressure from civil society and governments is mounting, UN and EU bodies acknowledge Ukraine’s lack of accountability for plans to extend the lifetime of its nuclear fleet. The country could be found in breach of international law. Once again.
Aid Transparency Index: improvements for Europe’s multilateral development banks but still a long way to go
April 13, 2016
As the 2016 Aid Transparency Review shows some improvement for the two main European lenders, they are still far from reaching satisfying transparency standards.
March 14, 2016
A United Nations study finds that public-private partnerships involve substantial risks for the public sector and have often failed to yield ‘value for money’.
January 27, 2016
A new report launched today documents the hurdles communities and workers face in obtaining remedy from development banks whose projects cause them harm. The 11 civil society organizations that authored the report, Glass Half Full? The State of Accountability in Development Finance, call on development banks and the governments that run them to strengthen their systems for providing remedy to those harmed by the activities financed by the banks.
January 27, 2016
Real development respects human rights and is shaped by the people it is designed to benefit. However, development projects financed by development finance institutions in many cases has been associated with the dispossession of land, loss of resources, diminished livelihoods and environmental degradation. Accountability mechanisms in theory aim to ensure that people who have been harmed by these projects receive adequate remedy. As this report shows, however, these accountability mechanisms to a large extent fail to fulfil this function, not least because they operate in a constrained environment constructed by the institutions that administer them.
September 24, 2015
The heavy involvement of international financial institutions in the post-2015 development agenda raises serious questions for civil society around the world on whether the SDGs will manage to address the root causes of inequality, poverty and environmental degradation.
June 4, 2015
The recently published 2015 Aid Transparency Review concludes that the European Union is off track from meeting its aid transparency commitments. Europe’s two multilateral development banks are indicative of the altogether rather disappointing outcome.