Development banks such as the World Bank, the Asian Development Bank, the German DEG and the Dutch FMO have some crucial similarities: they operate with public money, and their ultimate goal is to fight poverty and promote development. But in practice, 'development' seems to be a broad concept, as there are many people that do not profit from the projects these banks invest in. On the contrary, large groups of people are often faced with negative consequences of the investments of development banks. Under pressure from civil society organisations, including Both ENDS, a number of development banks set up a complaint desk for those that are adversely affected.
Each year Both ENDS organises Political Cafés and expert meetings on development issues. Our work with Southern Civil Society Organisations often makes us aware of the negative effects of the policies of Multi Financial Institutions (MFIs), such as the World Bank and the IMF. The Political Cafés and expert meetings often focus on making these institutions more transparent. Working with our Southern partners we recently addressed the issue of the human right to water and sanitation, by holding a Political Café on this issue at the World Bank's headquarters in Washington DC.
October 10th the fifth board meeting of the Green Climate Fund took place, this time in Paris. The Green Climate Fund is an international fund set up and commissioned by the United Nations in order to help developing countries combatting the negative effects of climate change. Possibly, developing countries are granted with an amount of $100 billion a year! Although the financial support is very promising, opinions differ widely on how that money should be spent. Therefore Anouk Franck and Annelieke Duma of Both ENDS attended, along with Titi Soentoro of the Indonesian organization Aksi! and Jorge Daneri of M'Bigua from Argentina, to make sure that the money gets where it is most needed.
Currently, the board members of the UN-backed Green Climate Fund (GCF) are meeting in Indonesia. It is the sixth board meeting since its establishment in 2011: the members, coming from 12 Western and 12 Southern countries, meet every three or four months to discuss what should be done with the huge sum of money (up to $ 100 billion a year!) that is going to be made available by the international community for climate projects in developing countries. Both ENDS, together with a group of delegates from various Southern organisations, has attended every board meeting so far.
Both ENDS co-wrote a Joint CSO Submission on the Draft Revised Version of the EIB Transparency Policy to the EIB. The transparency policy does not adequately reflect key international standards and principles regarding transparency, as set out in the Global Transparency Initiative's Transparency Charter for International Financial Institutions.
The policy should meet the nine key principles as set out in the Global Transparency Initiative's Transparency Charter for International Financial Institutions, namely: 1) the right of access,; 2) automatic disclosure,; 3) access to decision-making; 4) the right to request information; 5) limited exceptions; 6) appeals; 7) whistleblower protection; 8) the promotion of freedom of information; and 9) regular review.
At the end of November EFLAC, the most important gathering of feminists from throughout Latin America and the Caribbean, took place in a park just outside Montevideo, Uruguay. Within Both ENDS, I coordinate the GAGGA programme, in which we promote cooperation between the environmental and women's movements. Our partners Mama Cash and FCAM persuaded me that this meeting was the perfect opportunity to find out whether and, if so, in which way women are interested in the environment. They had prepared me for a very intensive meeting, at which the whole spectrum of emotions would be aroused and expressed. I had no idea what to expect and set off with a completely open mind. And so it came that I spent four days among more than 2,000 women from across the continent.
Dutch development bank FMO did not sufficiently take into account the rights of the local population and effects on the environment before approving a $ 25 million loan for the construction of the Barro Blanco dam in Panama. This is not in accordance with FMO’s own standards. This was revealed in the long-awaited report by the independent complaints mechanism (ICM) of the FMO and the German development bank DEG, released on May 29. The report was published in response to a complaint filed by the M-10, the movement representing the affected indigenous Ngöbe population, in May 2014. Both ENDS has been supporting the M-10 in its struggle against the dam for years, and was one of the organisations that supported the complaint.