Is this development? Public development banks must rethink their investments and put local communities first
September 4, 2023
On 4 to 6 September, the world’s public development banks will gather for the Finance in Common Summit in Cartagena, Colombia. They’ll be discussing key development issues – from climate change to infrastructure – issues that affect the lives of millions of people around the world. Bankwatch is on the ground to expose the adverse impacts of investments made by development banks and advocates for meaningful community participation in decision-making on development projects.
Dirty palms: European Development Banks need better due diligence and accountability to prevent human rights abuses
November 29, 2019
Long considered the standard-setters in the world of development finance, Multilateral Development Banks are now at an important junction. Europe’s development financiers must step up their accountability and commitment to protection of people and nature.
Uncertain future for Slovakia’s development funds
August 22, 2019
The Slovak government does not seem to understand the difference between export promotion and development aid, as it proposes to lump the two under one institution, Eximbanka SR.
Global call to development banks: don’t fund projects that violate human rights
July 14, 2016
Growing number of national governments have been criminalising activities of land and human rights activists LONDON, July 14 (Thomson Reuters Foundation) – International development banks should ensure their investments do not violate human rights or risk the lives of the activists who defend them, a group of global campaigners said on Thursday.
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.
Report finds development banks fail people harmed by their projects
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.
Transforming development finance? Europe’s multilateral lenders fail on aid transparency
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.
