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Where we work

Bankwatch is a network of environmental and development organisations currently from 12 countries across central and eastern European. Monitoring the activities of international financial institutions, our work is not limited to our region. We work together with our partners also further east and south.

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While a mountain community will have to be forced to resettle for this mega-project, the opaque ownership and weak taxation mean that benefits for Georgia are highly doubtful.

World Bank Group

The Struma motorway, part of the Trans European Corridor N4 Sofia-Athens is planned to go directly through the Kresna gorge, a NATURA 2000 site, and the town of Kresna - even though a comprehensive agreement stipulated in 2007 that this route would be avoided.

EU Funds

The Kumtor open pit gold mine is located in a majestic surrounding in the Kyrgyzstan mountains. It receives continued support by the European Bank for Reconstruction and Development, despite several accidents in the past and ongoing environmental damages from the mining operations.

EBRD
World Bank Group

The vision of the European Commission's Energy Union proposes making Europe a world leader in renewables and energy efficiency, but at the same time emphasises investments undermining that goal, in particular massive gas infrastructure within Europe and to import gas from the Caspian region.

EU Funds
EIB

With huge amounts of unexploited natural resources (gold, copper, coal and more) the Mongolian economy is estimated to grow massively in the years to come. But will it also benefit the people in Mongolia? Our work shows how mining operations lead to pollution and displacement for local herders and exacerbate water scarcity issues.

EBRD

In its drive for 'energy security', the EU is looking to its eastern neighbour for cheap energy. But using a series of high-voltage transmission lines to import dirty energy supplies like nuclear and coal power from Ukraine will not make the EU safer, and it will lock both into an unstable and environmentally unsound energy mix.

EBRD
EIB

An underground hydropower plant is planned to be built in a natural habitat of global significance. The project's assessments have been plagued by oddities and cannot be considered complete. In May 2013, following increasing pressure from civil society groups, the EBRD pulled out of the project for which it had approved a EUR 123 million loan.

EBRD

Saaremaa is the biggest Estonian island (40,000 inhabitants) and an important recreation destination with some 250,000 visitors per year. Famous for its picturesque landscapes, the island's vulnerable ecosystems are in danger of being sacrificed for an expensive bridge construction.

EU Funds

The Bosnian section of the international Corridor Vc is planned to run for 330 km through Bosnia and Herzegovina. Concerns about environmental impacts and threats to cultural heritage were raised by local people and cultural figures. The public discussions about the project have led to a series of scandals and a deadlock of the motorway's development.

EBRD
EIB

The Chelopech cyanide mining project was proposed by the Canadian company Dundee Precious Metals (DPM) and its Bulgarian branch Chelopech Mining. It would have expanded metal extraction in the Chelopech gold and copper mine in Central Bulgaria through the introduction of cyanide leaching.

EBRD