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EBRD - lost in transition
By: CEE Bankwatch Network
Posted: Jan 22 10
Witnessed: 1024 times
Regions: Central Asia, Eastern Europe
Issues: Corporations and human rights, Environment, Sustainable development
Tags: Development, IFIs, international financial institutions, loans
Bankwatch expects a largely business as usual approach from the EBRD on Monday, November 2, when it publishes its 2009 Transition Report, accompanied by rhetoric about learning lessons from the economic crisis while completely lacking any explanation of what the bank is now doing differently.
Here we take a look at one case of the Bank's transition impact and see some of the asymmetries in EBRD justification and the reality on the ground.
**CORRECTION** - the video says that the EBRD 'provided 8 million euros' for the project. Rather the bank has approved the project, so the loan has not yet been disbursed.
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