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Home > Archives for Development banks

Development banks

Armenia hosts COP17: The Amulsar gold mine undermines its biodiversity credentials

November 9, 2026

In 2026, Armenia will host the UN Biodiversity Conference (COP 17), presenting itself as a global leader in biodiversity protection. However, just one week before the conference began, operations at the controversial Amulsar gold mine were launched, threatening the region’s biodiversity, including endangered species of wildlife, rivers and the Lake Sevan.


Unlocking complaints mechanisms at multilateral development banks: A toolkit for civil society

November 4, 2026

This toolkit for civil society explains how the accountability mechanisms of multilateral development banks work and gives practical guidance on how people and communities affected by bank-financed projects can prepare and submit complaints. It aims to help them understand their rights, access these mechanisms and voice their concerns. 


EIB must tighten oversight of Georgia’s East–West Highway projects amid authoritarian crackdown

October 26, 2026

Georgia has been in authoritarian freefall since spring 2024. In response, the EIB, in line with the EU’s position, has not issued any new sovereign loans to the country. However, the Bank still holds a significant active portfolio there, including the East-West Highway road projects. In this brief we document several of the environmental and social costs that the Bank has failed to account for.


Leaving no one behind? LGBTIQ+ inclusion in EIB policies, safeguards and investments

October 21, 2026

The European Investment Bank (EIB) has established a range of policy and safeguarding frameworks to promote gender equality, non-discrimination, and social inclusion across its operations. Despite these commitments, the EIB’s current policy architecture does not coherently promote and protect the rights of LGBTIQ+ people throughout the project cycle.


Dighomi Meadows: Years of institutional failure risk erasing last floodplain forest in Tbilisi, Georgia

October 21, 2026

The Dighomi Meadows, a once rich and varied natural habitat and an internationally recognised Emerald Network site, have been in danger since 2014 due to encroaching development, unregulated and illegal gravel extraction, and illegal waste dumping. In 2024, the Asian Development Bank (ADB) approved a strategy and action plan to rehabilitate the meadows. However, the restoration never materialised.


Corridor Vc in Bosnia and Herzegovina: The public cost of weak governance

September 7, 2026

The Corridor Vc motorway through Bosnia and Herzegovina was due to be completed in 2012. As of August 2026, however, only around 45% of the route has been built, with costs climbing to nearly EUR 5.2 billion. This briefing examines nine cases along the motorway that together reveal a pattern of cost increases and delays, corruption allegations, disputed procurement, unresolved property disputes, and communities excluded from key decisions.


A new chapter for the EIB Group Complaints Mechanism?

July 9, 2026

The European Investment Bank (EIB) Group is currently reviewing its Complaints Mechanism Policy – the framework for how the EIB Group Complaints Mechanism (EIB-CM) addresses complaints from individuals and communities harmed by EIB-funded projects. This review is long overdue.


Briefing to the EIB Board on Rogun Hydropower Project in Tajikistan

June 12, 2026

The Rogun Hydropower Project in Tajikistan raises serious concerns regarding freshwater ecosystems, the resettlement of 60,000 people, regional water security and human rights within the context of severely restricted civic space. As the European Investment Bank (EIB) is appraising the project, civil society groups are calling on the EIB’s Board of Directors to ensure compliance with the Bank’s Environmental and Social Standards and relevant EU standards.


Falling into the same trap: The EBRD’s intermediated exposure to the Amulsar gold mine

June 7, 2026

The EBRD’s indirect involvement in the Amulsar gold mine in Armenia through Ameriabank has raised concerns about compliance with its Environmental and Social Policy, due to unresolved legacy issues associated with the project.


Broken safeguards and oversight failures: The case of Almaty International Airport

May 30, 2026

The EBRD-financed Almaty International Airport expansion and Horizon infrastructure project have been subject to a number of complaints, including alleged legal and heritage protection violations involving the demolition of a protected 1947 terminal building.


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