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Concerns regarding the EBRD's Project Complaint Mechanism and recommendations for improvements - letter to EBRD directors

This letter to the European Bank for Reconstruction and Development's Board of Directors summarises civil society organisations' concerns regarding bank's Project Complaints Mechanism, specifically the handling of several complaints, and makes specific recommendations for improvements, based on experience with these cases and with the accountability mechanisms of other institutions.

Glass Half Full? The state of accountability in development finance

Real development respects human rights and is shaped by the people it is designed to benefit. However, development projects financed by development finance institutions in many cases has been associated with the dispossession of land, loss of resources, diminished livelihoods and environmental degradation. Accountability mechanisms in theory aim to ensure that people who have been harmed by these projects receive adequate remedy. As this report shows, however, these accountability mechanisms to a large extent fail to fulfil this function, not least because they operate in a constrained environment constructed by the institutions that administer them.

European Ombudsman: EIB weakens EU efforts to strengthen rule of law

Brussels – In an unprecedented ruling this week, the European Ombudsman concluded at the end of an investigation into the EIB’s involvement with a road construction project in Bosnia and Herzegovina that the institution’s behaviour was "totally unacceptable" and it "risked putting into question the EU’s commitment for strengthening the rule of law in Bosnia and Herzegovina."

EIB commits to review tax haven policy

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During the annual meeting between civil society and the EIB's Board of Directors, the European Investment Bank committed to review its outdated tax haven policy this year. The commitment which followed a letter from several NGOs expressing such demand, is the most concrete outcome of the meeting which took place on 3rd February in the bank's headquarters in Luxemburg.


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