A large-scale tourism project in Indonesia’s Lombok Island has become a nightmare for the coastal Indigenous Sasak communities. Hundreds of families have been forced by the government and armed security forces to leave their homes for temporary resettlements unfit to support their livelihoods, while others who stand up for their rights to land, a life… Continue reading AIIB’s Mandalika project in Indonesia force thousands to leave their homes “What can you do when they point guns at you?’’
Tag: Development finance
The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance
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
China Dialogue:Coal-powered industrial parks test Indonesia’s climate pledges – and China’s too
Industrial parks at three of Indonesia’s nickel hotspots – Obi Island, Morowali and Weda Bay – aim to have 14 coal power plants with 71 turbines, totalling 12,579 MW, according to GEM data. That’s more than double the 6,109 MW of captive power the nation’s nickel industry already has in operation. Tsingshan, which runs the… Continue reading China Dialogue:Coal-powered industrial parks test Indonesia’s climate pledges – and China’s too
An Open Letter : NGOs call on the AIIB Board not to approve sovereign financing to Belarus
In the situation of the ongoing social and political crisis in Belarus, the regime of Alexander Lukashenko, while demonstrating the practices of the occupying government in their own country, continues to use the resources of international inter-governmental financial systems for the purpose of retaining their own power.
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 to Bosnian. Read the full interview in Bosnian with Wawa Wang, Just Finance Director here.
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
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 that a US$3 billion tourism project on Lombok island has involved aggressive land grabs, forced evictions of Sasak indigenous peoples, and intimidation and threats against human rights defenders. Read More
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
Making the “EU climate bank” a reality
Open letter from 47 NGOs to the European Investment Bank. Read more
Syv internationale NGO’er dumper AIIB’s nye forslag til krav om sociale- og miljømæssige vurderinger
VedvarendeEnergi har sammen med seks andre internationale organisationer indsendt en kommentar til AIIB’s nye krav om sociale og miljømæssige vurderinger i forbindelse med investeringer i energiprojekter. Gennemsigtighed i projektprocessen er stadig et stort problem, især for udsatte grupper i samfundet. nvesteringsprojekter kan være problematiske – især hvis ikke påvirkede grupper har mulighed for at påvirke… Continue reading Syv internationale NGO’er dumper AIIB’s nye forslag til krav om sociale- og miljømæssige vurderinger