January 23, 2015
Protests against a new Kronospan formaldehyde plant in the Romanian town of Sebes continue into their third week. Their history dates more than ten years back when the company came to modernise the local plant with financing from the European Bank for Reconstruction and Development. The ongoing demands for breathable air cast a shadow over the EBRD’s promises of sustainable development and transition.
A Private Affair: Report shows how development finance institutions benefit the rich in Western countries
July 11, 2014
A new report shows how private western-based companies are benefiting from multilateral development banks’ support while governments and citizens in recipient countries are delegated to the sidelines.
June 4, 2014
During last month’s EBRD annual meeting in Warsaw, Bankwatch Mail convened a discussion about the state of the Polish economy between a financial journalist and a sociologist – both residents of the Polish capital – to hear their views on some of the pressing economic issues of the day, as well as the ongoing Polish ‘transition’ process. With the 25th anniversary of the end of communist rule in Poland a few months away now (today in fact marks a quarter of a century since the first Polish elections under communism), what have been the achievements and the lessons to be learned from the last two and half decades?
May 14, 2014
New analysis from CEE Bankwatch Network of how the EBRD conducts its financing and economic advisory activities finds serious deficiencies in the bank’s overall ‘market-oriented’ approach and catalogues a range of startling EBRD interventions in central and eastern Europe (CEE) and further afield that should prompt deeper examination of the bank’s promotional mantra “We invest in changing lives”.
May 1, 2014
It’s not that easy to pull off a celebratory mood this 1st of May, even though on this date we mark the anniversary of 10 years since most of central and eastern Europe joined the European Union.
July 11, 2013
The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements.
Little impact of EU aid for Egypt – Ongoing abuses and Brussels scrutiny puts EBRD’s best laid plans in question
June 24, 2013
How is the European Bank for Reconstruction and Development able to justify a brand new host country agreement with Egypt, given the abuses still being endured in Egypt and the failure of one billion euros of EU money to improve the economic and human rights situation there?
June 18, 2013
While the G8 leaders claim they are at war with tax avoidance, their own bank, the European Bank for Reconstruction and Development is involved in deals linked to offshore financial centres.
A mostly accommodating lion’s den – the second civil society meeting with the EIB Board of Directors
February 8, 2013
A meeting of civil society and the European Investment Bank’s Board of Directors saw a surprising degree of agreement between two often adverse groups.
Trust us, we’re euphoric – Private equity and a tax haven part of the EBRD’s first post-Arab Spring swoop
September 26, 2012
For its first loan to ‘Arab Spring’ countries the European Bank for Reconstruction and Development has chosen vehicles and partners whose ability to deliver developmental value is highly uncertain.