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These comments emphasise the EBRD’s Project Complaint Mechanism’s strengths and weaknesses. Bankwatch hopes they can lead to further improvements in the EBRD’s accountability mechanism.
EBRD policy must take a stance: will it limit the ways in which stakeholders interact with each other and with the environment by adopting technical and procedural solutions? Or will it aim to promote shifts in social relations, in line with its mandate to promote sustainability and democratisation in its countries of operation? In this briefing, Bankwatch recommends a number of improvements in the EBRD’s Environmental and Social Policy and its Public Information Policy to better reflect the needs of the public.
Bankwatch Mail 56
May 10, 2013 | Read more
Published to coincide with the EBRD’s annual meeting 2013 being held in Istanbul, this issue examines a developing controversial project in the bank’s newest region: a refinery expansion project in Cairo. Other fossil fuel investments by the EBRD also feature in the newsletter – and as the bank goes into major ‘policy review’ mode, with revisions to its energy, environmental and social and public information policies in the pipeline for this year, we put forward the case for the EBRD to rise to the climate challenge with real action rather than words. As the bank’s newly signed Kosovo country strategy demonstrates, however, the bank isn’t on course yet.
