200 million euro EBRD loan to Serbian energy giant EPS under investigation
October 1, 2018
Prague, Belgrade – The independent grievance body of the European Bank for Reconstruction and Development (EBRD) has started investigating a EUR 200 million ‘restructuring loan’ granted in 2015 to Elektroprivreda Srbije (EPS), the largest energy company in Serbia, following a complaint by CEE Bankwatch Network and Serbian environmental group CEKOR.
Toolkit on the Project Complaint Mechanism of the European Bank for Reconstruction and Development
December 22, 2014
The Project Compliance Mechanism (PCM) is the EBRD’s accountability mechanism for the assessment and follow-up of complaints about project financed by the bank. The PCM is a grievance mechanism for civil society, local groups and individuals that may be directly and adversely affected by a bank project. It’s purpose is to help identify when the EBRD or its client has not fulfilled the obligations defined in the bank’s policies and to facilitate a problem-solving process with the EBRD’s client.
