National campaigner, Bulgaria
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The letter contains the following enclosures: An Analysis of "Bujagali II Economic and Financial Evaluation Study Final Reports" by Pete Tsournos. Concerns About the Impacts of the Bujagali Dam Project On Endangered Fishes and Fisheries in the Victoria Nile by Les Kaufman. Lake Victoria and The Proposed Hydrological Curve Change by Daniel Kull. Board of Executive Directors, European Investment Bank Cc: Philippe Maystadt, President European Investment Bank Re: Outstanding Concerns on Bujagali Hydropower Project, Uganda request for postponing of the vote
With the production of its Project Implementation Completion Report (ICR) in December 2006, the World Bank signaled that its role in the Chad-Cameroon pipeline project had ended. However, numerous outstanding environmental, livelihood and compensation problems remain for those impacted by the project. This report argues that the World Bank must revisit the Extractive Industries Review’s recommendations and fundamentally rethink its approach to extractive industries and other high risk projects if these types of investment are to be more than a reckless gamble with the lives of the poor.
The bulk of NGO recommendations on the EIBs Anti-Corruption Policy are contained in the notes below, but it is also possible to make a few general points. We welcome EIBs commitment in the preamble of the policy to the principle of not tolerating corruption, fraud or other illegal acts in any of its activities or operations. However, we believe that the Banks policy as it stands does not go anything like far enough. The Bank must be much more proactive in combating corruption, acting earlier to pre-empt illegal acts and more aggressively to root them out after they occur.
