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EBRD: New president – new direction for the bank?

With the European Bank for Reconstruction and Development (EBRD) in the process of selecting a new president [1] as the term of current office holder Thomas Mirow approaches its end, CEE Bankwatch Network, an NGO that has been monitoring the EBRD for over a decade, makes a call on the bank’s shareholders and new president to reassess some of its past – faulty – approaches:

EU budget 2014-2020: Leading the way to sustainable prosperity and jobs

The European Commission’s legislative proposals for the future EU Budget have made some promising changes but they are not ambitious enough to meet the level of current challenges. While CAP spending still needs a radical overhaul, the proposals on the other funds need to be strengthened to ensure leadership from the EU Budget that supports a sustainable and prosperous European economy and inspires all of Europe and the world.

The European Investment Bank should rather do better than more

Source: Desislava Stoyanova, New Europe

The European Investment Bank – the European Union’s house bank – should lend more responsibly and more transparently, said the European Parliament on Thursday while assessing the bank’s annual activity report. But the capital increase at the EIB called for by the same European Parliament would hardly allow an already over-stretched institution to make such improvements. The bank would be better advised to work on improving management of current resources before rushing into a capital expansion.

Yet another bail-out package? A comeback to 'The Vienna Initiative and financial stability in emerging Europe'

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The European Bank for Reconstruction and Development promotes the support for western European banks in central and eastern Europe although evidence for this initiative's success is disputable at best.


Letter to EBRD regarding the Amulsar Gold project in Armenia

While Lydian International is reporting on progress in its talks with the EBRD about an aquisition of company shares by the bank and on receiving project approval from the Armenian government, the EBRD has yet to publish project related documents in line with its public information policy.

Letter to EBRD: Kolubara loan connected to resettlement and impacts on communities

In its letter to the European Bank for Reconstruction and Development Bankwatch member group CEKOR discusses issues related to the Kolubara lignite mining project that have not yet been clarified. Among them is the fact that the EBRD's loan is indeed connected to the resettlement of the Vreoci community, something which the EBRD has denied so far, and the so far vague claim that the project will contribute to emission reductions and environmental improvements.

Mining in protected areas, an update on Kumtor and Centerra Gold

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Centerra Gold is being criticised for its activities in protected areas at the Kumtor gold mine and at another project in Mongolia. More lessons to be learnt for the European Bank for Reconstruction and Development.


Prljavi novac i slovenska termoelektrana

Source: , Al Jazeera Balkans

Državna komisija upozorava da je korupcija mogla utjecati na dodjelu ugovora o izgradnji novog bloka u termoelektrani Šoštanj.

MEPs question heavy greening of the EU budget

Source: Ana-Maria Tolbaru, EurActiv

Earmarking too large a chunk of the European Union’s cohesion funds for environmental projects in the 2014-2020 budget could be "detrimental", MEPs said.

Impasse: How EU money is being used against EU waste policy

While central and eastern European countries can use EU funds as a financial tool helping them to meet the requirements of European waste directives, the money is not spent in line with these directives. This case study explains why, focusing mainly on the waste hierarchy as one of the key principles of EU legislation.

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