Multilateral Development Banks (MDBs) are publicly funded international financial institutions that fund large-scale development projects, such as dams, power plants, oil and gas pipelines, and mines through long-term loans, grants, technical assistance and advice to countries and private sector companies.
on Updated Analysis and Continued Opposition to Financing for Sakhalin II
15 NGOs
2 August 2007
In August 2007, the European Bank for Reconstruction and Development (EBRD) was considering financing the Sakhalin II oil and gas project. Some 15 environmental organisations wrote this updated analysis and renewed their call for the Bank to decline financing.
The decisive piece of evidence for the cosmetic nature of the World Bank's periodic claims to be reforming itself is that its staff are given no incentives to change their ways. The operative incentives for those who want to get anywhere at the Bank have always been to move lots of money, to find jobs for the boys, and to get and stay involved in lots of projects. This talk illustrates this predicament by referring to an "implementation review" of the Bank's forest policy.
Between 2002 and 2005, The Corner House and its partners conducted fact-finding missions to areas along the route of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to gather information about community expectations and opinions, impacts, and the consultation and land expropriation process carried out by the BTC consortium (led by British oil multinational BP) building the pipeline.
