Both ENDS
“Quite shocking”, said Anouk Franck from Both ENDS. “The International Finance Corporation is unaware of the social and environmental consequences of their investments in private enterprises in developing countries and emerging economies. This was observed by the Ombudsman of the IFC itself.”
The Dutch government and Dutch businesses spend a lot of money on food production in developing countries. But, according to Karin van Boxtel, policy officer at Both ENDS, far too little of that money finds its way to sustainable, nature-inclusive producers.
Both ENDS and Oxfam Novib welcome the new SDG Loan Fund launched by FMO. The fund aims to invest more than a billion euros in loans to small and medium-sized enterprises in low- and middle-income countries, in the energy, inclusive financial services and sustainable agriculture sectors. At the same time, both organisations are concerned about the impact of money from the fund on normal people in future recipient countries.
Both ENDS calls on the government only to provide export credit insurance to sustainable projects that cause no social and/or environmental damage in the countries where they take place.
Ikal Angelei, founder of Friends of Lake Turkana in Kenya, a partner organisation of Both ENDS, received the prestigious Goldman Environmental Prize this week for her battle against the construction of the infamous Gibe 3 dam in Ethiopia. The construction of this dam would severely damage the ecosystem around Lake Turkana and have disastrous consequences for the indigenous people and their natural habitat.
