Bankwatch

Archives for democracy

Ahead of a referendum in the Netherlands on the association agreement between the European Union and Ukraine, Olexi Pasyuk from the National Ecological Centre of Ukraine discusses the agreement’s importance for Ukraine’s civil society and why Europe must still improve how it engages with the country. by Olexi Pasyuk, cross-posted from the Bankwatch blog. (The… » 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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New cases of arbitrary repression against civil society happened in the run-up to the presidential elections in Egypt. A look at the loans so far approved by the European Bank for Reconstruction and Development suggests that those in power have been more successful in receiving the bank’s support. by Kuba Gogolewski, cross-posted from the Bankwatch… » read more

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Six months after the Egyptian army deposed Egypt’s first freely elected president, the weak democratic signals by the authorities are overshadowed by widespread repression. How can the European Bank for Reconstruction and Development possibly help under these circumstances? Or put differently: Will the limited benefits to the country’s private sector from EBRD engagement really be… » read more

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On December 18 the EBRD board of directors approved a loan of USD 50 million to finance a project aimed at the expansion of oil operations and reducing gas flaring in Egypt. Yet the tenuous political situation in the country continues to raise concerns about the bank’s ability to make a positive contribution towards the… » read more

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EBRD soldiering on in Egypt

Adding to the ongoing febrile atmosphere in the country, Egypt’s military-backed authorities just yesterday passed a controversial new law that imposes draconian restrictions on public protest. Meanwhile, in recent weeks the European Bank for Reconstruction and Development has reconfirmed its intention to remain active in the country – despite a number of serious doubts still… » read more

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With today’s approval of the watered down proposals to reform EU Structural Funds in the European Parliament’s committee for regional development (see our press release), EU decision makers have taken a step away from ambitious environmental spending in the future Cohesion Policy. At the same time also national level allocation of the 2014-2020 funds is… » read more

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Poland’s government is hasting to adopt liberal shale gas legislation. It tries to avoid any interference by factually excluding local opposition movements and by pre-empting the development of an EU wide framework on unconventional fossil fuels. posted on the Bankwatch blog by Ola Antonowicz, campaigner in Polish Green Network Amid the excitement about a European… » read more

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