Egypt pulls EBRD oil refinery project amid shareholder concerns
November 23, 2021
Egypt withdrew a $250 million loan request to the European Bank for Reconstruction and Development for an oil refinery modernization Monday …
Half green and half-blind on democracy. As the EBRD turns 30 the vision of its founders is still far out of sight
April 14, 2021
The European Bank for Reconstruction and Development (EBRD) was created in 1991 at a unique moment in history: after the fall of the Berlin wall, the disintegration of the Soviet Union and the run-up for the Rio Earth Summit on Sustainable Development and the UN Framework Convention on Climate Change.
More repression, more money – Financing transition in Egypt
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.
Guest post: EBRD justification for supporting coal in Egypt’s cement industry is negligent
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.
The EIB’s double standard for human rights in Ukraine and Egypt
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.
GMOs, water grab and ice cream for the masses – the EBRD gets involved with Nestlé 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.
Letter to EBRD re potential funding of coal power projects in Egypt
January 29, 2014
Civil society letter: EBRD’s political mandate and value added in Egypt doubtful
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.
Is Egypt just stuck in transition or heading away from democracy? Considerations for the EBRD
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?
