If the EBRD stands for democracy it should not support TAP – Italian community addresses bank’s directors
May 11, 2017
At a meeting with the directors of the European Bank for Reconstruction and Development, Bankwatch campaigners read a statement from Italian communities opposing the Trans-Adriatic Pipeline, the last leg of the Southern Gas Corridor, a 3500 km pipeline
Beatings, framings and industrial chicken farms: a human rights briefing on MHP projects and international public finance in Ukraine
May 5, 2017
Ukrainian company Myronivsky Hliboproduct PJSC (MHP) is a long-term client of both the European Bank for Reconstruction and Development and the World Bank Group’s International Finance Corporation. MHP development has faced local opposition in a number
Why the EBRD should not finance the Southern Gas Corridor
May 5, 2017
While the EBRD is currently considering loans for the Trans Adriatic Pipeline (TAP) and TANAP, both part of the Southern Gas Corridor, the bank should asses the reputational and financial risks of involvement in the project.
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.
