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Turbulent Times or Turbulent Management? EBRD Approves Investment for Arab Countries

Source: Garine Katcherian, Naharnet

Four Arab countries are expected this year to start witnessing major foreign investments after the European Bank for Reconstruction and Development established a one billion euro ($1.28 billion) fund, excluding Lebanon from the process for allegedly failing to ask the lending body to carry out a technical assessment on the country.

Reviving the Private Sector, a Necessity not a Choice for Benkirane’s Government

Source: Loubna Flah, Morocco World News

At the current conjuncture, the lack of job opportunities in Morocco can be a lurking threat to the government’s viability and, eventually, to the country’s stability. Those who believe that Morocco is out of the danger zone may have to reconsider their appraisal of the situation. Faced with all sorts of hurdles ranging from financial to infrastructural ones, the government is still pondering how to fulfill their promises. The domestic growth seems entrapped in a status quo due to the budget deficit and the consecutive seasons of drought that paralyze agriculture, one of the key sectors in the Moroccan economy. The public sector burdened with public expenses can no longer lift the weight of job demands among Moroccan youth.

EBRD puts emissions target on energy lending

Source: Chris Cundy, Environmental Finance

The European Bank for Reconstruction and Development (EBRD) has announced a greenhouse gas emissions reduction target for the investments made in the 2012-14 phase of its sustainable energy initiative (SEI).

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EBRD urged to pull plug on fossil fuel lending

Source: Phil Thornton, Emerging Markets

Almost half of EBRD funding for energy projects in the six years to 2011 was devoted to fossil fuels despite its commitment to tackling climate change, a campaign group has claimed.

EBRD investing too much in polluting fuels-study

Source: Sujata Rao, Reuters

The European Bank for Reconstruction and Development is lending excessively to polluting fossil fuel projects, especially coal, undermining its own sustainable energy strategy, NGO Bankwatch said in a report released on Thursday.

Revealed: EBRD climate crimes rising

EBRD efforts to clean up its energy lending in central and eastern Europe are being undermined by extensive fossil fuel investments, with astonishing increases in the EBRD's backing for coal and oil projects in 2011.

Tug of War: Fossil fuels versus green energy at the EBRD

Our study shows that almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels. This will prevent the bank's commendable efforts to increase lending to new renewables and energy efficiency from actually making a difference in the global fight against climate change.

EBRD energy lending report: conflicting investments end up contradicting climate science

London – Almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels, according to a report issued today by CEE Bankwatch Network. Support for coal, oil and gas must be discontinued altogether, argues Bankwatch, if the bank’s commendable efforts on increasing financing for renewables and energy efficiency are to have a positive impact in the global fight against climate change.

Tug of War: Fossil fuels vs. green energy at the EBRD

The briefing summarises the findings of the Bankwatch study 'Tug of War: Fossil fuels vs. green energy at the EBRD'. The study shows that almost half of the 6.7 billion euros lent to energy related projects by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels. This will prevent the bank's commendable efforts to increase lending to new renewables and energy efficiency from actually making a difference in the global fight against climate change.

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