Both ENDS
The FMO development bank is proud of its results and the opportunities it seizes where commercial banks fail to act. But do the bank's actions really help, ask Anne de Jonghe and Nick Middeldorp.
We are exited about the news that Ms MacKenzie Scott decided to entrust substantial funding to a wide range of small grants funds from Both ENDS' partner networks*. These small grants funds are unique as they are set up and led by people, often activists themselves, from the country or region in which the fund is based. Most mainstream conventional funders admit they have difficulties reaching community based organisations and grassroots groups themselves. Small grants funds know better than anyone how to reach local communities, who to support and what kind of financial as well as non-financial support is most needed. Thus, they bridge a wide funding gap. Both ENDS applauds this recognition of the important role of these funds in the funding landscape. We hope this encourages more funders to join!
At the core of the Fair, Green, and Global (FGG) Alliance’s mission is the commitment to building a just and sustainable world. As members of this alliance, Both ENDS, SOMO, and the Transnational Institute (TNI) recognise the urgent need to reimagine global investment frameworks. These frameworks, entrenched in outdated treaties such as Bilateral Investment Treaties (BITs) and the Energy Charter Treaty (ECT), often prioritise corporate profits over human rights, environmental sustainability, and social justice.
Join us this Saturday the 28th of May for an inpiring session about the role of agro-ecology in the trasformation to a future proof food and farming system on the African continent (and beyond).
We are deeply disappointed and frustrated that the Dutch government has not submitted its National Biodiversity Strategy and Action Plan (NBSAP) for the CBD COP16 in Cali. This disregard for international agreements undermines the concerted global effort to address the urgent biodiversity crisis.
Both ENDS mourns the death of Khadija Catherine Razavi, founder of CENESTA – Centre for Sustainable Development and Environment in Iran.
The million-dollar loan that the Dutch development bank FMO provided to project developers of Honduran company DESA for the construction of the controversial Agua Zarca dam project in Honduras, may be related to gross corruption and malpractice. This is concluded in an article published today in the Dutch news paper Financieel Dagblad, based on information provided by COPINH, the indigenous organisation that has been opposing the construction of the dam for years. Several members of the organisation, including its leader Berta Cáceres, were murdered. DESA director David Castillo has recently been convicted of being involved in the assassination of Cáceres in 2016.
A new analysis shows that the developers of the East African Crude Oil Pipeline, led by France’s TotalEnergies, are being forced to self-finance the project almost entirely. The analysis, part of a new Finance Risk Updatefrom a coalition of African and International civil society organisations, shows that the companies have abandoned plans to raise 60% of the project’s growing costs from bank loans, and are now on the hook for almost 90% of the costs themselves.
Thanks to the negotiations about TTIP, the public debate about bilateral investment treaties (BITs) is slowly underway. Especially the ‘Investor-to-State Dispute Settlement Mechanism’ (ISDS) of TTIP threatens to lower the norms to protect people and the environment. BITs make use of very controversial arbitrage systems (ISDS), which enable investors to bypass the national court to sue governments for their national policies and laws.