Letter to the EBRD regarding the bank’s considerations to continue operations in Uzbekistan
April 11, 2017
The EBRD replied to the letter on April 19. Download their response as pdf >>
Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement
March 10, 2017
A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project.
Question marks abound over EU-Azerbaijan gas tango
February 23, 2017
Ministers, ambassadors and envoys from at least 15 countries, including Maroš Šefčovič, the European Commission’s Vice President for the Energy Union, are gathered today in the Azerbaijani capital to discuss the progress on the Southern Gas Corridor, t
Putting human rights upfront – briefing for the directors of the European Investment Bank
January 24, 2017
Why the EIB should not finance the Southern Gas Corridor – briefing for the directors of the European Investment Bank
January 24, 2017
UK companies ‘linked to Azerbaijan pipeline bribery scandal’
December 31, 2016
Alleged payments to Italian MP before key European debate scrutinised
World Bank’s controversial TANAP loan is bad news for human rights and climate action
December 21, 2016
Yesterday, the World Bank’s board of directors approved two USD 400 million loans, to Azerbaijan and to Turkey, to develop the Trans Anatolian Pipeline (TANAP), the centrepiece of the Southern Gas Corridor project. CEE Bankwatch Network and Counter Balance are deeply concerned that the decision to channel such large amounts of money to Europe’s biggest fossil fuels project could exacerbate the already dismal human rights situation in both Azerbaijan and Turkey, and undermine the global efforts to tackle the climate crisis.
Letter to ADB concerning loan for Shah Deniz gas field in Azerbaijan
December 5, 2016
Ahead of an expected loan decision by the Asian Development Bank for the Shah Deniz gas field in Azerbaijan, non-governmental organisations raised concerns over the human rights situation in the country as well as in Turkey, to where the gas from Shah Deniz will be transported via the Southern Gas Corridor.
Here be dragons: How the EU bank’s development finance overlooks people at risk
November 18, 2016
The European Investment Bank’s failure in safeguarding the most vulnerable groups in its projects shows it is ill-equipped to help refugees and host communities in the European Union’s neighbourhood. A new report explains the bank’s weaknesses in identifying and responding to human rights risks.
Going abroad – a critique of the European Investment Bank’s External Lending Mandate
November 18, 2016
This report analyses how and if the European Investment Bank (EIB) is fulfilling its development role under the so-called External Lending Mandate (ELM) for the period 2014-2020. It sheds light on the more questionable quality and effectiveness of EIB operations and on the neglected areas of the bank’s performance outside Europe, such as transparency and access to information practices, its attitude towardstax evasion and tax dodging, human rights due diligence.
