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For more information on our publications, please contact our research co-ordinator Pippa Gallop

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Bankwatch Mail | December 17, 2007

In this issue: The more things change… * … the more they stay the same * Backing a loser: PPP never never land comes to CEE * Albania at the crossroads – how the IFIs could be doing so much more * Outbreak of winter silly season commentary on the EBRD * Recent Bankwatch publications

Study | December 5, 2007

Based on direct information from local NGOs, research, results from a fact finding mission and spurred on by the lack of monitoring activities carried out on behalf or by any relevant international institutions, governments or financial institutions, this Report aims to increase awareness about possible negative impacts of the Kashagan oil field development among the public in European countries and to provide support to local NGOs in Kazakhstan.

Advocacy letter | November 28, 2007

On December 10, 2007 World Bank responded to our letter. Download the response as pdf here.

Advocacy letter | November 26, 2007

On December 10, 2007 World Bank responded to this letter. Download the response as pdf here.

Advocacy letter | November 16, 2007

It is of great concern to us that the EBRD is considering a loan for Energy Financing Team (EFT), a company which is under continued investigation by the UK Serious Fraud Office (SFO) regarding its activities in Bosnia-Herzegovina. This investigation was launched based on a series of convergent facts and reports, in particular a special audit report of the Republic of Srpska power utility. We believe that for the EBRD to publicly associate itself with the company, even by posting a procurement notice and stating that the company may apply for an EBRD loan, sends out a message that being under investigation for possible corruption is no barrier to receiving public financial support. After years of attempts by various actors to improve public and corporate governance standards, this is exactly the opposite message that the EBRD ought to be sending out.

Advocacy letter | November 13, 2007

On November 19, 2007 EBRD responded to this letter. Download the response as pdf here.

Study | November 12, 2007

In March 2006, the Ukrainian Cabinet of Ministers approved the "Energy Strategy of Ukraine till 2030." The Strategy foresees the growth of electric power generation mainly by the development of Ukraine's power engineering due to the priority usage of nuclear energy. As nuclear power plants (NPPs) do not represent loads-shifting generating capacities, there is a problem with loads-shifting in the network. For this purpose the Strategy foresees the installation of loads-shifting capacities - or pumped storage plants (PSPs).

Study | November 5, 2007

The European Investment Bank has been involved in a number of large dam projects in recent years, many of them in Africa. All could have been improved sometimes significantly so by more careful planning and better implementation standards. Despite making vague references to the recommendations of the World Commission on Dams, the EIB currently has no sector policy for dams.