From a grassroots to the international level …
We investigate the impacts of public finance, work with affected communities and local organisations across the world and help them protect their rights and livelihoods. We make sure their stories are being told in Europe’s power centers.
We regularly meet representatives of the institutions we monitor and we’re in Brussels, too, doing our bit to make Europe a fairer, cleaner and sustainable place.
Alternative news
We expose the risks of international public finance and bring critical updates from the ground.
We believe that the billions of public money should work for people and the environment.
FOCUS AREAS
INSTITUTIONS WE MONITOR
OUR PROJECTS

Komarnica hydropower plant, Montenegro
Planned by Montenegro’s state-owned electricity utility EPCG, the need for the Komarnica hydropower plant has never been proven.
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Ugljevik power plant, Bosnia and Herzegovina
Commissioned in 1985, the 300 MW coal power plant in Ugljevik, Bosnia and Herzegovina, has become famous for emitting more sulphur dioxide than all of Germany’s coal power plants in 2019.
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Pljevlja I power plant, Montenegro
The existing 225 MW Pljevlja thermal power plant in the north of Montenegro, near the borders with Serbia and Bosnia-Herzegovina, has been operating since 1982. The plant was originally planned to comprise two units but the second one was never built. The plant, along with the extensive use of coal and wood for heating, has caused unbearably bad air quality in the town.
Read morePublications
Applying the ‘do no significant harm’ principle in practice: examples of reforms and investments under national recovery plans that will cause harm to the environment
Advocacy letter | 8 March, 2022 | Download PDFThis joint letter, prepared by CEE Bankwatch Network, EuroNatur, WWF and ReCommon, raises concern about the application of the EU’s ‘do no significant harm’ principle under the Recovery and Resilience Facility (RRF). The letter is accompanied by a seri
Balancing gender opportunities and risks: Gender impacts of the EBRD’s investments in Uzbekistan
Report | 2 March, 2022 | Download PDFThis report analyses the gender impact of the European Bank for Reconstruction and Development’s (EBRD) portfolio in Uzbekistan.
Assessment of the Estonian operational programme
Assessment | 2 March, 2022 | Download PDFThis briefing offers an analysis of the Estonian operational programme and recommendations regarding the potential for increasing the programme’s climate contribution.
Update to the Bern Convention on the Complaint No. 2016/09 – Possible threat by hydropower to “Svaneti 1” Candidate Emerald Site
Official document | 22 February, 2022 | Download PDFThe Svaneti 1 Candidate Emerald site in Georgia is threatened by the decision of the Georgian government to reduce its size for construction of the 280 MW Nenskra Hydro Power Plant (HPP) project. This is an update by the complainants on the Complaint No. 2016/9 – Possible threat to “Svaneti 1” Candidate Emerald Site who request an on-the-spot appraisal mission by the Bern Convention to Georgia, in order to investigate the threats to rivers that were recorded by Bankwatch during its fact-finding mission in July 2021.
Open letter to the EBRD and JP Autoceste about the legality of the project-level Spatial Plan of 2017 for the Corridor Vc in the Hercegovina-Neretva Canton
Open letter | 21 February, 2022 | Download PDFThe letter requests that the European Bank for Reconstruction and Development not sign the loan agreement for the Corridor Vc motorway subsections Mostar North – Mostar South until additional biodiversity baseline studies for the subsection tunnel Kvanj – Buna and alternative route assessments are completed. The letter also presents the conclusions of the discrimination complaint filed by war returnees, as well as the ramifications for the Bank’s rules on vulnerable groups. It asserts that signing the loan for the subsection Mostar North and South should be delayed until additional biodiversity studies and careful consideration of route alternatives are completed, particularly since the Bank’s independent accountability mechanism is about to finalize its recommendations to management in the first half of 2022.