The EBRD's new Mining Operations Policy Critical assessment of consultation process and content
Publisher: CEE Bankwatch Network
Volume: 2 pages, pdf
Description:
The long awaited EBRD Mining Operations Policy was released last week without much noise. It has taken the EBRD more than 3 years to prepare a document which had raised hopes it could improve the bank's activities in the mining sector. Most of these hopes, however, have not been fulfilled. Although the new mining policy for the EBRD was “intended to provide guidelines as to how the Bank should be involved in the mining sector for the next few years”, it is not doing much more than describing the current situation. While more than 1500 organisations were invited to comment, the final policy fails to address most expectations towards it and instead appears to be retrospective. Bankwatch's criticism concerns the way it has been prepared and several specific elements of its content.