Development and mega-infrastructure projects are often designed without appropriate consideration of their impacts on the environment and communities, and frequently lack meaningful public consultation and robust environmental and social due diligence prior to fund allocation.
As the world races to implement large-scale infrastructure investments that have few known benefits for those most in need, we observe how, in many cases, regulations that govern access to information, public procurement and environmental and social impact assessments are circumvented or deliberately undermined.
We examine how withholding essential investment information can lead to large-scale infrastructure investments becoming swamps of corruption and mountains of debt, with few or no positive outcomes for communities in need.
Red flag
How Chinese investments compromise Serbian independence
Serbia has become a hotspot for large scale Chinese investments and lending in highly polluting industries. Some of the activities will leave a deep footprint in the environment and the rule of law. Just Finance presents an overview of the most problematic takeovers in the country and explain how they were approved without required transparency and procurement procedures.
News about red flag investments
BenarNews: UN raises human rights concerns for Beijing-based AIIB’s standalone Mandalika project in Indonesia
UN human rights experts raise serious concerns about a large-scale tourism project in Mandalika, Indonesia. “Where is accountability?” ask project…
UN experts flag rights concerns over $3bln tourism project
UN human rights experts today urged the Indonesian Government to respect human rights and the rule of law amid reports…