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Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement

A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project   In 2015, the EITI board downgraded Azerbaijan’s membership status due to its relentless crackdown on civil society, political opponents and […]

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New joint NGO analysis calls DFIs to action against tax avoidance

A group of nine NGOs launches today a new report called “Development Finance Institutions and responsible corporate tax behaviour: where we are and the road ahead”. The analysis focuses on the role of DFIs in fighting the risk of public money being complicit in tax avoidance schemes, both assessing the policies currently in place and […]

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Civil society coalition calls for human rights respect by development banks worldwide

Increasingly, communities and civil society organisations who speak out about development activities are finding themselves under attack. In this reality of criminalisation of human rights and environmental defenders and shrinking space for participation in development, development banks have a responsibility to ensure that their activities do not cause or contribute to human rights violations, including […]

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New Aid Transparency Index published: EIB and EBRD scoring better, but still a long way to go

As the 2016 Aid Transparency Review shows some improvement for the two main European lenders, they are still far from reaching satisfying transparency standards. As each year since 2010, the transparency watchdog Publish What You Fund (PWYF) went again knocking on the doors of the world’s major donor organisations to check how well they implement […]

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Lost in transition: Far-reaching changes needed as European bank marks 25 years

On April 15, the European Bank for Reconstruction and Development (EBRD) will be marking its 25th anniversary. Reflecting on two decades of monitoring the EBRD’s policies and projects, a new report from CEE Bankwatch Network raises concerns about a growing gap between the bank’s operations and its mandate. The full report Lost in Transition: 25 […]

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Do not fund Southern Gas Corridor with EU money

The flashbulbs at Azerbaijan’s official photo opportunities should not blind Europe’s leaders to the country’s accelerated descent into authoritarianism, writes Xavier Sol. This article originally appeared on Euractiv. A leap year comes just twice in a decade, but the Southern Gas Corridor, the series of pipelines intended to feed Europe with gas from the Caspian […]

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