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
Construction of the Karuma dam has deprived hundreds of people in Uganda’s Nile delta of their land, homes, and livelihoods. Many people have been waiting a decade for relocation, with some left to live under high voltage transmission lines for lack of safer alternatives. From a height above the riverbank, you can watch the massive… Continue reading Ugandan families displaced and left to struggle by China’s mega dam
Serbia’s Drmno coal mine is expanding rapidly without anyone knowing what its impact will be. Houses next to the open cast mine are slowly falling apart and sliding into it. Windblown dust from the coal ash piles is a hazard to everyone in the area. Sladan Ivanović (35) and Džemail Demirovski (53) are sitting on a… Continue reading Serbian village left to suffer as Chinese-backed coal mine expands
Early this year Uganda’s President Yoweri Museveni officially launched the oil drilling activities at the Kingfisher Development Area. This was celebrated as an important milestone in Uganda’s multibillion-dollar pipeline and oil drilling project. But in the villages located next to the oil wells, nobody is praising the drilling. In front of Uganda’s Lake Albert, a… Continue reading “The oil operations broke families and brought tears”
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
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”
Just Finance International welcomes the July 14th announcement by the Federation of Bosnia and Herzegovina (FBIH) government that it will reject a proposal for an alternative Chinese subcontractor for the proposed Tuzla 7 coal fired power plant, and calls on the Federation of BiH Parliament to choose to ditch the plant’s construction.
By the end of 2020, the AIIB could count 102 approved member countries. The participation of Europe’s largest economies as founding members of the AIIB was critical to the AIIB obtaining a triple-A credit rating from the world’s leading rating agencies. This paper provides an overview of the institution’s close alignment with China and the… Continue reading The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance
The future of the planned 450 MW Tuzla 7 lignite plant in Bosnia and Herzegovina is again in doubt after the country’s State Aid Council revoked its decision to approve a public guarantee for a EUR 614 million loan from China Eximbank last week, four years after the Council’s initial clearance. 5 July 2022 The… Continue reading Bosnia’s planned Tuzla 7 lignite plant on the rocks after state aid U-turn
Ahead of this week’s European Parliament Committee on Foreign Affairs (AFET) vote on Serbia, Just Finance International and Serbia’s Renewables and Environmental Regulatory Institute (RERI) today published a legal analysis detailing how a weakening of law and transparency in Serbia has provided loopholes for large scale infrastructure investments, including from China, leading to reports of forced labour and human rights abuses, along with impacts on human health and the environment.