Financing from development finance institutions (DFIs) and multilateral development banks (MDBs) often leads to big-ticket and large-scale infrastructure projects, which are, by definition, high risk.
Development finance-mandated projects, when not well-planned or in consultation with communities, can cause loss of livelihoods and involuntary resettlement, as well as the loss of people’s voices and their right to participation in decision making. And in many cases, violations of human rights and debilitating poverty.
Just Finance International works to make sure that shareholding governments and development institutions – DFIs and MDBs – improve governance and adopt binding and stronger environmental and social safeguard policies, instead of defaulting to the use of weak standards that may prove more attractive to their clients or client host governments.
News about development finance
Radio Free Europe: New Power Plant in Bosnia jeopardise international obligations
A Polish-Chinese investor is planning another thermal power plant in Ugljevik, contrary to the suggestions made by the Energy Community… Continue reading Radio Free Europe: New Power Plant in Bosnia jeopardise international obligations
NGOs: Secret Chinese deal on Bosnia-Herzegovina coal plant must be urgently stopped
Environmental organizations have today expressed concerns and called on the Government of Republika Srpska to clearly explain what is happening with the Ugljevik 3 coal power plant and to urgently cancel the concession for the project. Continue Reading
Vedvarende Energi: Asian Investment Bank risk to weaken international standards
Several western and European countries have co-funded The Asian Infrastructure and Investment Bank (AIIB). But the bank’s policies are too weak and there is a risk it will jeopardize international bank standards, warns Vedvarende Energi. Continue Reading