Both ENDS
Dutch development bank FMO is considering investing in the controversial Ficohsa bank in Honduras. The bank has close ties with the elite in Honduras, which holds considerable power in politics, the (para)military and the business community. Last Wednesday, a number of Honduran organisations, including the indigenous organisation COPINH – whose leader Berta Cáceres was murdered in 2016 – sent a letter to the FMO management. The letter, signed by forty organisations including Both ENDS, calls on FMO not to do business with this bank.
Large-scale infrastructural projects have detrimental effects on local people and the environment, while their benefits are felt elsewhere. Both ENDS is working to ensure that local people have a greater say in decision-making and is investigating the way these projects are funded.
Small grants funds offer an effective, alternative way to channel big money from large donors and funds to local groups and organisations that are striving for a sustainable and just society everywhere around the world.
The African Development Bank (AfDB), which was founded in 1964 to stimulate economic development in Africa, has had a complaints mechanism since 2006. Individuals who have somehow been affected by projects financed by the AfDB can make an appeal to this mechanism. Yet, according to a large number of African and international organisations, this system has its weaknesses and there is much to improve. How exactly? Well, the organisations have recently presented their recommendations to the AfDB. Anouk Franck of Both ENDS coordinated this process.
