Bankwatch

Archives for transparency

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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As activists pointed out at a consultation meeting in Tbilisi, Georgia’s hydropower sector has plenty of lessons to be learned by the European Bank for Reconstruction and Development. by David Chipashvili, cross-posted from the Bankwatch blog Yesterday in Tbilisi, during a public consultation on the good governance policies of the European Bank for Reconstruction and… » 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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The manipulation of a tender for a metro line extension in Prague – financially supported via EU funds and the European Investment Bank (EIB) has not only resulted in a huge EU funds fine, but also raises questions about the EIB’s ability to identify and avoid mismanagement in the infrastructure projects it finances. by Petr… » read more

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As the European Bank for Reconstruction and Development revises its safeguard policies, the Aid Transparency Index ranks its commitment to openness and transparency as the weakest in comparison with similar institutions. by Fidanka Bacheva-McGrath, cross-posted from the Bankwatch blog The 2013 Aid Transparency Index came out last week and confirmed my suspicion that the EBRD… » read more

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The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements. by Xavier Sol, cross-posted from the Counter Balance blog “The European Investment Bank is not a development bank, it is an… » read more

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So far the planning for Latvia’s use of the EU funds for the 2014-2020 period has been a reasonably positive experience from a partnership perspective. Yet the process that has, until recently, been notable for its transparency and high level of public participation is now in danger of being derailed. by Alda Ozola*, cross-posted from… » read more

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