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Slovenia: The EBRD freezes loan disbursements in Alstom's coal project over corruption allegations. NGOs call on the EIB to follow suit

Paris, 18 April 2012 -- The European Bank for Reconstruction and Development (EBRD) announced that it is freezing the disbursement of the promised EUR 100 million loan for the construction of a new lignite block at thermal power plant TES 6 in Šoštanj, Slovenia. The decision by the EBRD comes after a group of Slovenian and international NGOs approached the EBRD asking for the bank to halt the loan until corruption allegations are investigated.(1)

Khimki Forest activist wins Goldman Environmental Prize

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One of this year's winners of the Goldman Environmental Prize is Russian Khimki Forest defender Evgenia Chirikova, but the good news is being overshadowed by continued violence against other Khimki activists.


Photo report from Kiev Chop road rehabilitation - dangers and hardships for local communities

The rehabilitation of the Kiev-Chop road, financed with the help of EBRD and EIB loans, was part of the preparations for the Euro 2012 championships in Poland and Ukraine. Due to a negligent implementation, the project resulted in local people having to face dangerous, even life threatening situations every day.

Gazela reloaded: another illegal Roma resettlement in Serbia on account of an EIB funded project

Belgrade – By the end of April, one hundred Roma families are expected to be illegally resettled from Belgrade neighbourhood Buvljak to several locations including Resnik, where current inhabitants are these days protesting against their arrival [1]. The resettlement is being carried out by Belgrade authorities without a proper resettlement plan or any consideration of the needs of the Roma and potential for inter-racial conflict [2]. The move is deemed necessary as part of the Sava Bridge and adjacent road construction, financed by the European Bank for Reconstruction and Development and the European Investment Bank respectively. [3]

Campaign asks UniCredit to 'get out of coal'

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Pressure is growing not only on international financial institutions but also on private banks to stop financing fossil fuels.


Lessons learned for the EBRD

Source: Ionut Apostol, EUObserver

In recent weeks, the European Bank for Reconstruction and Development (EBRD) has been in the news as rarely before, with a few important questions being raised about its accountability.

Kolubara independent Union request to withold credit for Kolubara

In its letter, the independent union at the Kolubara mine points at extremely difficult and inhumane working conditions and their employer's reckless attitude toward employees. The union calls on the EBRD to not extend a loan to the Kolubara lignite mine before workers' rights are being respected.

Letter to EBRD: Request for update on Centerra Gold Revolving Debt Facility

With the letter Bankwatch requests information about the status of the Centerra Gold Revolving Debt Facility and raises issues and findings from the recent reports on the company’s performance.

Proposed model for consultations between the EBRD and civil society organisations

These comments, prepared the Arab NGO Network for Development together with Bankwatch suggests improvements for the model of consultations between the EBRD and civil society organizations. It is particularly relevant in view of the upcoming civil society consultations in the southern and eastern Mediterranean as the EBRD prepares to extend its lending to the region.

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