In Lombok, the AIIB’s due diligence and transparency failures can be traced to the very beginning of its involvement. Before approving the Mandalika project in December 2018, the AIIB instructed the ITDC to conduct a comprehensive land assessment. The ITDC submitted a report stating that 92.7 percent of the selected land for development was “clean… Continue reading The Diplomat: Indonesia’s Mandalika Project Reveals the Dark Side of AIIB Lending
Category: Press Coverage
Süddeutsche Zeitung: Pressure is also increasing on the German federal government to explain why it still wants to be involved in the Beijing-led Asian Infrastructure Investment Bank
In the eyes of the critics, the Mandalika project is symbolic of all the problems that exist with the AIIB. And the critics have had new arguments since the bank’s head of communications, Canadian Bob Pickard, last week fled Beijing to tweet to warn the world of a “toxic culture” and infiltration of the bank… Continue reading Süddeutsche Zeitung: Pressure is also increasing on the German federal government to explain why it still wants to be involved in the Beijing-led Asian Infrastructure Investment Bank
Mongabay: Indonesia’s Mandalika megaproject still trampling on Indigenous community’s rights: Report
Mongabay, Hans Nicholas Jong, 14 June 2023 This level of U.N. engagement is “unprecedented,” said Wawa Wang, director of the NGO Just Finance International. Yet despite this, she said, “the AIIB and ITDC have yet to take decisive action to release key project documentation, address the root causes of human rights violations, and provide remedy… Continue reading Mongabay: Indonesia’s Mandalika megaproject still trampling on Indigenous community’s rights: Report
Süddeutsche Zeitung: A critical examination of Germany’s role in bankrolling the land rights violations found in Indonesia’s Mandalika project financed by the AIIB
In die Abgeschiedenheit der indonesischen Insel Lombok wurde eine Rennstrecke hineinbetoniert. Für ein paar Motorradrennen im Jahr mussten Fischer in die Berge ziehen. Finanziert wurde der Wahnsinn auch mit deutschem Steuergeld. Das Monster und die umliegenden Anlagenwurde vonder indonesischen Touristenbehörde geplant, von einer chinesischen Investment banknamens AIIB finanziert–undes stecktauch Geldaus Deutschland indem Projekt. Eine eher… Continue reading Süddeutsche Zeitung: A critical examination of Germany’s role in bankrolling the land rights violations found in Indonesia’s Mandalika project financed by the AIIB
Radio Slobodna Evropa: Chinese companies set to renovate Tuzla 6 coal-fired power station in March
“Biznis sa ugljem u Evropi odavno je prestao da bude aktuelan, sve je manje firmi, proizvođača opreme, serviserskih firmi, tako da je nažalost ostalo da te poslove još uvijek rade Kinezi.” Ovako direktor Elektroprivrede Bosne i Hercegovine (EP BiH) Admir Andelija objašnjava za Radio Slobodna Evropa (RSE) zbog čega je konzorcijum dvije kineske i jedne… Continue reading Radio Slobodna Evropa: Chinese companies set to renovate Tuzla 6 coal-fired power station in March
FairPlanet: China’s no new coal overseas pledge has a big catch
Despite Beijing’s pledge to stop building overseas coal projects, dozens were found to have still gone ahead, and the energy efficiency of the existing ones also need improvement. About a year ago, Chinese president Xi Jinping made a pledge at a United Nations meeting that the enormous coal-fired power plants funder would halt any new projects overseas.… Continue reading FairPlanet: China’s no new coal overseas pledge has a big catch
The New York Times: Thousands of People Forcibly Evicted Without Adequate Compensation for Mandalika Tourism Project
“On Lombok Island, civil society groups said thousands of people were forcibly evicted from their ancestral land without adequate compensation to make way for the Mandalika project.”
Wirtschafts Woche: While climate protection is being talked about, a new hotspot for mass tourism is being developed
G20 summit will take place in the holiday paradise of Bali from November 15 to November 16, 2022. Host country Indonesia has an ambitious strategy for the tourism sector: “Ten new Balis” are to be built. Satellite images from the neighboring island of Lombok show how vehemently investors and authorities are pushing through the mega-projects.“… Continue reading Wirtschafts Woche: While climate protection is being talked about, a new hotspot for mass tourism is being developed
Serbia’s Chinese-Built Coal-Fired Power Plant Deals Blow to Climate and Health
Just Finance International is calling on the Chinese authorities to honor President Xi’s September 2021 pledge to ‘not build new coal-fired power projects abroad’, by immediately exiting the Tuzla 7 project”
Information (DK): For ten years, Serbia has been in the EU’s waiting room, while China is making its mark on the country – and its environment
The sound of explosions, heavy dust in the air and polluted rivers plague the residents of the Serbian mining town of Bor, where a Chinese company bought the mine in 2018. The cooperation between the EU candidate country Serbia and China has intensified in recent years, but there are both environmental and political risks with the Chinese projects – and growing local opposition