The EBRD's newly proposed Environmental and Social Policy – from bad to worse
Publisher: CEE Bankwatch Network
Volume: 3 pages, pdf
Description:
The EBRD has a unique mission that combines the mandate to promote transition to market economy, with a political mandate to promote democratisation and an environmental and social mandate to promote environmentally sound and sustainable development. However, the bank's transition methodology does not reflect adequately this unique mission, as it focuses almost entirely on the transition to market economy and fails to reflect how the bank's investments contribute to democratisation or sustainable development.