Bankwatch

A report published today analyses the process with which 7000 are to be resettled for the Kosovo lignite mine and concludes that the World Bank-financed process does not comply with the bank’s own standards and is plagued by a slew of other weaknesses. by Dajana Berisha Executive director, Forum for Civic Initiatives, Kosovo; cross-posted from… » read more

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Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are just gearing up to offer a one billion dollar loan to Russian company Lukoil for gas extraction in Azerbaijan. by Fidanka Bacheva McGrath, cross-posted from the Bankwatch blog Half… » read more

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The low-carbon energy ambitions of Polish regions for future EU funding are very diverse with only a few promising cases as an analysis of the Operational Programmes of Polish regions shows. by Julia Krzyszkowska, cross-posted from the Bankwatch blog Poland is currently in the final stages of planning how European funds under EU Cohesion Policy… » read more

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With Ukraine’s ongoing fight for sovereignty and integrity emphasising once more the country’s energy vulnerability in front of Russia, the need to radically reform the Ukrainian energy sector became crucial for the survival of the country. And yet, moves in this direction are way too slow. Despite positive rhetoric on the need to prioritise energy… » read more

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Repression against civil society is on the rise, as the latest alarming case from Montenegro shows. by Mark Fodor, cross-posted from the Bankwatch blog MANS, the Network for the Affirmation of the Non-governmental Sector, has for years been one of the most active and fearless NGOs in Montenegro, uncovering the numerous corruption scandals that plague… » read more

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The European Investment Bank is gearing up for an increased role in spurring growth in Europe as set out by the new Juncker Commission. Yet as Europe’s 2030 climate targets are being undermined by some countries the bank that wants to be a leader in climate action must keep in mind that we can no… » read more

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Something quite amazing happened yesterday evening in Zagreb. The Croatian police and the State Prosecutor announced that several people had been arrested on suspicion of a number of criminal corruption offences, abuse of office and peddling influence. Among the arrested were Zagreb Mayor Milan Bandic, Head of Zagreb Holding municipal company Slobodan Ljubicic, the head… » read more

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The recent rejection to release Evgeny Vitishko’s, an imprisoned environmental activist in Russia, illustrates the backlash against fundamental rights and freedoms in some countries. Multilateral development banks need to take notice of this trend and be more wary of the risk that their lending may strengthen authoritarian regimes. by Klara Sikorova, cross-posted from the Bankwatch… » read more

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Seasoned Bankwatch-watchers may recall our successful four-year campaign to stop the EBRD from financing a waste incinerator just outside Zagreb. Between 2005 and 2008, we supported Zelena akcija/Friends of the Earth Croatia and local group UZOR to prevent the City of Zagreb from building a huge 385 000 tonnes per year waste incinerator in Resnik… » read more

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A new report shows how private western-based companies are benefiting from multilateral development banks’ support while governments and citizens in recipient countries are delegated to the sidelines. by Claudia Ciobanu, cross-posted from the Bankwatch blog The European Network on Debt and Development (Eurodad) launched today the study A Private Affair in which it shows how… » read more

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