Bankwatch in the media

The European Bank for Reconstruction and Development has an explicit environmental mandate. But, 20 years after its creation, how is it doing? There'

Time is running out for Russian activists hoping to stop the construction of a highway through an old growth forest outside of Moscow. In an eleventh hour campaign, the Movement to Defend Khimki Forest is targeting the French company overseeing the controversial project. Vinci, one of Europe’s largest corporations, signed the contract for the Moscow-St. Petersburg motorway in 2009 and could begin the first phase of development this month. The 43-kilometer section will slice through the heart of an old growth oak forest, an important corridor for large game and home to numerous endangered plant species, as well as a cherished greenbelt on the edge of one of the world’s most polluted cities.

The European Investment Bank and the European Bank for Reconstruction and Development have failed to prevent corruption and social injustice

Twenty years on from its creation, the European Bank for Reconstruction and Development (EBRD) may think it is time to reconsider, or at least extend, its remit.