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INSTITUTIONS WE MONITOR

European Bank for Reconstruction and Development (EBRD)
Established to promote transition to market-oriented economies in the countries of central and eastern Europe and Central Asia, the EBRD’s lending often fails to benefit the people in these countries and regularly prioritises carbon-intensive and environmentally damaging development.
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OUR PROJECTS

Enabling Civic Engagement in Uzbekistan
CEE Bankwatch Network and Human Rights Society of Uzbekistan ‘Ezgulik’, with financial support from the EU, are implementing the project ‘Enabling Civic Engagement in Uzbekistan’, aimed at strengthening the capacity of civil society organisations and empowering them to participate effectively in development projects and programmes across Uzbekistan.
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LATEST UPDATES

Armenia hosts COP17: Its ‘action for nature’ stops at Amulsar
Armenia is set to host the 17th Conference of the Parties (COP17) to the United Nations Convention on Biological Diversity (CBD) from 19 to 30 October. Hosting this high-profile environmental summit has drawn scrutiny to the government’s simultaneous backing of the controversial Amulsar gold mine project at home. At COP17, progress towards the targets of the Kunming-Montreal Global Biodiversity Framework will be reviewed for the first time. The summit’s slogan is ‘Taking action for nature’, yet the Amulsar case illustrates how countries and international investors are ‘taking action against nature’.
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European Investment Bank (EIB)
With a lending portfolio of EUR 72 billion (2010) the European Investment Bank (EIB) is one of the world’s biggest public lending institution – bigger even than the World Bank.
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Georgia’s East–West and North–South road projects: Counting the true costs of highway expansion
The East–West Highway and the North–South Corridor – two key road infrastructure projects supported by major multilateral development banks, have had devastating social, environmental and cultural impacts in Georgia.
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Romania’s energy crisis exposes faltering gas strategy as battery storage surges
Romania’s energy crisis has laid bare the risks of relying on delayed gas projects to replace coal power. Meanwhile, battery storage has been developing much faster and is already providing much-needed flexibility. Even a state-owned coal company with designs on a gas power plant is now pursuing battery storage instead.
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A new budget for a new Europe
For the European Union and its Member States to become more sustainable societies, the EU’s financial resources have to be spent towards consuming less energy and using resources more efficiently.
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Free-flowing rivers in Central Asia
Central Asian rivers are under threat from hundreds of new hydropower plants. We have created a map of the key rivers in the region that need urgent protection and are calling on the development banks to stop their destruction.
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EU’s biggest-ever recovery fund faces final judgement – did it benefit citizens?
The Recovery and Resilience Facility, the EUR 577 billion flagship instrument of NextGenerationEU, has entered its final implementation phase. Today marks the non-extendable deadline for EU Member States to submit their final payment requests for post-pandemic recovery and reform projects.
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