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The complaint was filed by Client Earth and Bankwatch to the EIB complaint office after the EIB signed a loan to steel giant ArcelorMittal that was still under investigation from a previous complaint.
Bankwatch comments on the EBRD draft financial sector strategy
August 16, 2010 | Read more
The new draft financial sector strategy of the European Bank for Reconstruction and Development (EBRD) is of even greater importance during this difficult financial period, but it leaves a number of concerns and open questions unanswered which Bankwatch raises in this document, among others regarding foreign currency lending and lending through financial intermediaries, transition and the role of private equity, gender impacts, tax havens, etc.
Bankwatch is concerned about a lack of opportunities for public engagement in the process of redefining transition and transition impact at the EBRD. We therefore ask how the bank is planning to proceed with following up on a report prepared for the EBRD on Transition and Transition Impact (pdf) and what opportunities are planned for public consultation on the transition concept.
