Every 10 years, the mandate and activities of 'Export Development Canada' (EDC), the Canadian export credit agency, are reviewed. Since the last review took place in 2008, another review is currently underway. Both ENDS and a couple of other CSOs working from a number of countries made a joint submission as formal input to the legislative review. We did this especially in light of the Canadian governments' ambition to show leadership on climate change and to prioritise climate change action and clean economic growth.
The Dutch Minister of Foreign Trade and Development regrets the fact that part of the Ngäbe-Buglé tribe is unhappy with the construction of the Barro Blanco dam in the river Tabasara in Panama. Ploumen said this in reply to parliamentary questions filed by Jasper van Dijk (SP). The Netherlands is involved in the construction of this controversial dam because of the loan provided by the Dutch development bank FMO. The minister does not have the intention of forcing the FMO to withdraw the loan, even though the basic human right of "free, prior and informed consent’ has been violated. A part of the Ngäbe tribe has not been informed before the plans were carried out. Anouk Franck of Both ENDS looks at the impact of the FMO loans.
For the very first time, the expert panel of the independent complaints mechanism of the Dutch development bank FMO will handle a complaint. It was filed on May 5 by residents of the area where the Barro Blanco dam is currently being built. These people form part of the indigenous Ngäbe-Buglé tribe. They feel that FMO has not adhered to its own social and environmental standards when they lent 25 million US dollars to build the dam. Anouk Franck of Both ENDS has been keeping a close eye on the situation.
The European Bank for Reconstruction and Development (EBRD) plans to give multinational Monsanto 40 million dollars to sell seeds and pesticides in Eastern Europe. Farmers and environmental groups from all around the world are shocked, since Monsanto is known for promoting genetically modified crops and pesticides. Today Both ENDS and partners from Eastern Europe requested the EBRD to stop this project.
Global public support for coal is decreasing. Obama has pledged to stop American support for public financing of new coal plants outside the U.S., the World Bank has announced to phase out support for coal projects and some large private banks are withdrawing from fossil fuels. But what about export credit agencies (ECAs)? Until now, ECAs have not withdrawn from coal projects. On the contrary: while other investors gradually cease their support to coal projects, export credit agencies are investing in coal more than ever. On June 11, an alliance of 50 NGOs, including Both ENDS, published a recommendation to the OECD calling for an end to export credit support for coal.
Both ENDS really means ENvironment and Development Service but we could also say:
Infrastructure has become a buzzword of the current development debate. But will the recent infrastructure strategies of the World Bank and the G20, which favour large centralized projects, address the needs of the poor? This is the central question in International Rivers' report "Infrastructure for whom?". Strategic infrastructure projects such as large dams and transport corridors promoted by the World Bank and G20 are funded with public money. In order to make these projects attractive to private investors, they are supported by public guarantee schemes. One of the examples mentioned in the report is the Grand Inga Dam in the Congo River (DRC) which - if ever realised - would be the largest dam in the world.