May 27, 2014
New cases of arbitrary repression against civil society happened in the run-up to the presidential elections in Egypt. A look at the loans so far approved by the European Bank for Reconstruction and Development suggests that those in power have been more successful in receiving the bank’s support.
May 15, 2014
Colleagues from the Egyptian Centre of Economic and Social Rights criticise the European Bank for Reconstruction and Development’s too lax approach when examining its activities in Egypt’s cement sector.
Concrete boots already for new EBRD energy policy? Potential support for Egyptian coal projects attracts criticism
May 14, 2014
In what is shaping up to be another controversial chapter in the European Bank for Reconstruction and Development’s already troubled entry into Egypt in 2012, questions are being asked of the international financial institution as to whether it intends to support coal power financing, specifically to assist Egypt’s cement industry.
February 24, 2014
While drawing concrete consequences from the violence that happened in Ukraine, the European Investment Bank seems to be unmindful of the ongoing human rights abuses and killings in Egypt.
February 13, 2014
Update: The EBRD clarified in its correspondence with Baby Milk Action that its loan will not be used to finance infant nutrition.
January 29, 2014
January 27, 2014
With this letter 14 organisations from the MENA region and Europe bemoan the lack of clear purpose and effectiveness of the EBRD’s democratic principles that are being undermined by the bank’s moves towards making Egypt a full country of operations despite having significant concerns about the state’s conformity with these principles.
January 10, 2014
Six months after the Egyptian army deposed Egypt’s first freely elected president, the weak democratic signals by the authorities are overshadowed by widespread repression. How can the European Bank for Reconstruction and Development possibly help under these circumstances? Or put differently: Will the limited benefits to the country’s private sector from EBRD engagement really be enough to outweigh the harm done by the bank’s support for an undemocratic regime?
December 23, 2013
Prompted by gross human rights violations in Egypt this letter asks for clarification how the EBRD can continue to operate in Egypt even though the EBRD’s mandate states that the bank operates in “countries committed to and applying the principles of multiparty democracy, pluralism and market economics” and its continued operations in Egypt therefore amount to a blatant violation of its commitments as a public institution.
December 19, 2013
On December 18 the EBRD board of directors approved a loan of USD 50 million to finance a project aimed at the expansion of oil operations and reducing gas flaring in Egypt. Yet the tenuous political situation in the country continues to raise concerns about the bank’s ability to make a positive contribution towards the democratic process, and whether it should be investing there at all.