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More repression, more money - Financing transition in Egypt

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New cases of arbitrary repression against civil society happened in the run-up to the presidential elections in Egypt. A look at the loans so far approved by the European Bank for Reconstruction and Development suggests that those in power have been more successful in receiving the bank’s support.


Ending fossil fuel support: NGO recommendations for OECD countries on their Export Credit Agencies

According to data compiled by the Natural Resources Defense Council (NRDC), between 2007 and 2013 public financial institutions provided at least $55,7 billion in funding for coal projects abroad. The largest proportion of this comes from national Export Credit Agencies (ECAs) from OECD countries, which have provided at least $32 billion over this period or 58% of total support.

El BERD apoyará a Kiev en las reformas necesarias para obtener financiación

Source: , La Vanguardia

El presidente del Banco Europeo de Reconstrucción y Desarrollo (BERD), Suma Chakrabarti, dijo hoy en Varsovia que la institución se involucrará en apoyar las reformas en Ucrania, después de que ayer firmase con el Gobierno de Kiev un pacto anticorrupción que acelerará los cambios en el país.

On Ukraine, Russia, revolution, and nukes

Source: Michael Mariotte, Safe Energy

One of the most disappointing aspects of the Ukrainian crisis has been the failure of many, especially on the left, to understand the nature of the revolution that took place there over the winter that led to the literal departure of former President Victor Yanukovich from the country, established an interim–and rather weak–transitional government, and set the stage for new elections later this month.

EBRD in Egypt for the long haul despite tough start

Source: Pete Guest, Emerging Markets

The EBRD will stay the course in Egypt, despite the severe political headwinds that have held back the bank’s investments, according to Hildegard Gacek, the managing director responsible for the southern and eastern Mediterranean region at the multilateral

Who is Jan Kulczyk, the man behind Serinus Energy?

In the summer of last year, the European Bank for Reconstruction and Development (EBRD) approved a 60 million euro loan to Serinus Energy for financing the development of four oil and gas fields in Tunisia (Sabria, Chouech Essaida, Ech Chouechand Sanrahr) between 2013 and 2017.

Pinocchio to deliver letters to Kulczyk

This Friday, 16th May at 2.00 pm, petitions to Jan Kulczyk, appealing for his withdrawal from plans to build Elektrownia Północ (‘North’) Power Plant in Pomerania, Poland, will be passed on to Mr. Piotr Maciolek, chairman of Elektrownia Północ Power Plant company, owned by Kulczyk Investments Group. The petitions, signed by over 8200 people, will be delivered by an exceptional guest – Pinocchio.

Guest post: EBRD justification for supporting coal in Egypt's cement industry is negligent

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Colleagues from the Egyptian Centre of Economic and Social Rights criticise the European Bank for Reconstruction and Development’s too lax approach when examining its activities in Egypt’s cement sector.


Balkan lynx stage protest at annual meeting of European Bank for Reconstruction and Development

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A delegation of 20 lynx from Mavrovo National Park in Macedonia today occupied a corridor in the Polish National Stadium in Warsaw, where the EBRD Annual General Meetings are taking place 14-15 May.

Their message: "EBRD, don't finance the Boskov Most dam, as it will destroy the forest in which we live and eventually kill us." The 20 delegates from Mavrovo Park constitute almost half of the little over 50 lynxes which still survive in the park today (the Balkan lynx is an endangered species).


Funny business at EBRD meeting: sustainability champion Garanti fancies coal

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The Turkish Garanti Bank, one of the winners of the Sustainability Awards of the European Bank for Reconstruction and Development is among the main coal investors in Turkey.


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