Archive | March, 2014

Proposed EU loan would make Tunisia’s debt problems worse, say CSOs

MEPs to vote on new loan in April. Tunisia is already paying more to its Western creditors than it receives in loans and grants, and almost all of the new loan would be used for debt repayments. Civil society groups from Tunisia and Europe are urging the European Parliament to concentrate on debt relief instead […]

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Egypt lost $10 billion in corrupt gas contracts, as daily blackouts spread

Egypt lost $10 billion in gas revenues from 2005-2011, according to a report launched yesterday by EIPR and Platform in arabic. Contracts signed during the Mubarak years allowed the export of billions of cubic metres of underpriced gas to Jordan, Spain and Israeli-occupied Palestine. Some of the individuals behind these deals were convicted of corruption. […]

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Parliament votes for a more transparent and accountable EIB

The European Investment Bank found itself at the centre of the debate in the European Parliament this week. MEPs had the opportunity to give direction to the EU’s house bank by assessing its past activities (through a resolution on the EIB’s annual report) and designing the guidelines for the bank’s role in the future (by […]

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NGOs respond to EU aid for Ukraine: watch for the devil in the details

Prague — As the European Council on aid to Ukraine concludes today in Brussels NGOs caution that the 11 billion euros put forward by the EU come on terms which will not necessarily foster an independent, self-reliant Ukraine. “It is very important that the world and especially the European Union stand by Ukraine right now,” […]

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NGO comments on the EBRD’s Project Complaint Mechanism Draft Rules of Procedure

This comment letter, signed by 16 civil society organisations, focuses on the provisions that directly affect complainants’ access to the PCM. Specifically, our concerns relate to the Draft Rules of Procedure registration and eligibility criteria, and provisions regarding complainant participation at various stages of the PCM process. Read the full letter here

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The Good, the Bad and the Uncertain: the new energy policies of Europe’s public banks

The climate change threat intensified in 2013 with the latest United Nations climate report issuing yet more stark warnings of the inevitability of a 2°C rise in global temperatures by the end of the century. The year also saw almost simultaneous reviews to the energy lending policies of several international public development banks – the […]

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European Development Bank: Backward Step On Rights, Says HRW

Source: , Eurasia Review  The European Bank for Reconstruction and Development’s (EBRD) new draft Environment and Social Policy would fail to weed out abusive development projects, seven human rights and bank watchdog organizations said today in a joint statement. The bank’s consultation on the draft policy closes on March 5, 2014. It then has an […]

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European Development Bank: Backward Step on Rights – Draft Policy Would Weaken Protection

(London) – The European Bank for Reconstruction and Development’s (EBRD) new draft Environment and Social Policy would fail to weed out abusive development projects, seven human rights and bank watchdog organizations said today in a joint statement. The bank’s consultation on the draft policy closes on March 5, 2014. It then has an opportunity to […]

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Comments on the EBRD’s good governance policies drafts

The EBRD’s good governance policies include the Environmental and Social Policy (ESP), the Public Information Policy (PIP) and the Project Complaint Mechanism’s Rules of Procedure (PCM). Bankwatch has also submitted separate comments on the draft Rules of Procedure for the PCM. Read the full pdf here

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Lessons from Kolubara for the EBRD Environmental and Social Policy

The EBRD loan for the Kolubara lignite mine project in Serbia was approved when the forced removal of the local graveyard of the Vreoci community was already initiated and in spite of protests and appeals to the EBRD and in spite of on-going corruption investigations of the company. This case offers important lessons learned for […]

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