Ukraine Reconstruction Campaigner
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Anna is Bankwatch’s Ukraine Reconstruction Campaigner, working on green reconstruction and environmental safeguards in Ukraine’s recovery. Her work focuses on alternative sources of energy for communities, energy resilience, and the alignment of Ukraine’s energy policy and public investment management system with EU standards. Originally from Kyiv, she holds an MSc in Environmental Sciences and Policy from Central European University and is based in Bratislava.
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More gold money lined up for controversial EBRD client
December 14, 2012 | Read more
The EBRD’s board of directors is set to decide on December 12 whether or not to extend further significant financing to Canadian gold mining firm Dundee Precious Metals (DPM). This time the EBRD may invest up to USD 45 million in a ‘five-year revolving corporate debt facility’ to DPM valued at USD 150 million.
Connecting Europe Facility – connecting who, and what, exactly?
December 14, 2012 | Read more
The economic crisis has accelerated the development of new financial instruments for the next EU budget period in 2014-2020. The main intention behind these instruments is to deliver substantial levels of new investment money from increasingly limited public resources in order to plot a path towards Europe’s economic recovery.
The potentially EBRD supported Oyu Tolgoi copper/gold mine in southern Mongolia project poses significant adverse social and environmental impacts. This in-dept review – based on our own research as well as that of expert reviewers – shows that the Environmental and Social Impact Assessment (ESIA) is a non-starter and deeply flawed. The study is complemented by detailed expert analyses in five annexes.
Ulaanbaatar, Mongolia – Just one week after its grim warning during the UN climate talks in Doha that the world is on a path towards a four degree-rise in global temperatures, the World Bank is set to approve financing for yet another coal plant. The plant will power a giant mining complex in Mongolia’s South Gobi desert, fuelling climate change and violating the Bank’s own policies, argues a new analysis from advocacy groups.
Bankwatch Mail 54
December 14, 2012 | Read more
In the ‘aftergloom’ of two major inter-governmental get-togethers – the latest UN climate talks in Doha and the EU budget summit in Brussels – Bankwatch Mail 54 discusses the revision of the energy lending policies at both the EIB and the EBRD – an opportune moment for both banks to show real climate ambition and turn their backs on fossil fuels. In an interview the new EBRD president Sir Suma Chakrabarti shows that much is moving as the bank juggles such hot potatoes as potential support for Monsanto’s expansion into our region while trying to lay down new roots in post-Arab Spring north Africa.
