Possible bad start for the EBRD in the Arab world
The European Bank voor Reconstruction and Development wants to provide $40 million to a Kuwaiti company that is going to start doing oil drilling in Egypt. Huub Scheele from Both ENDS together with Egyptian NGOs urges the EBRD to postpone the decision, as the money is not going to contribute to any positive changes for the Egyptian people.
What is actually the problem?
The EBRD is providing a $40 million loan to a project in Egypt. The EBRD was founded in 1990 to assist the countries of the Eastern Bloc after the fall of the Berlin wall in their transition to democracy and free market economiesm, along with a responsible environmental policy. After the Arab Spring the EBRD was instructed by the G8 invest billions in project in the Arab world to also assist these countries in their democratic transition. The Kuwait Energy company therefore now wants to use $40 million for oil drilling in Egypt. According to the EBRD the money will be invested in the reduction of flaring (the burning of harmful gases released during drilling) to contribute to the environment.
“If you read the official documents there is no mentioning of these promises. There are no concrete new agreements that guarantee the reduction of flaring,” says Huub. “Also it remains an open question whether the EBRD money is of any added value to the project. The project already started in December 2012 and is already receiving money from other institutions, such as the World Bank. Personally I don’t think the EBRD money will add something to the project, also because it is still unclear whether the environmental objectives can be met.”
What can we do about it?
“The EBRD should not lend money to this project. On Wednesday the EBRD board, existing of governors from all 64 member states, will decide about the loan. Both ENDS has together with Egyptian NGOs asked for postponement of the decision. We think the EBRD should take a closer look to the project and we expect this to lead to cancellation of the loan,” explains Huub. Both ENDS has also sent letters to the Dutch governor in London and the Dutch Ministry of Finance, hoping that the Netherlands will declare its support in favour of postponement of the decision in the EBRD meeting. Huub does no dare to say whether they will succeed. “The EBRD is under a lot of pressure due to the instructions of the G8. They have to invest a lot of money in the Arab Spring countries. They simply have to ‘stow their money’, but this way it is not going to contribute to the democratic development of Egypt nor to a better environment.
What is the alternative?
“The EBRD should invest the money in projects that contribute to employment and sustainable development in the long run. Instead of lending money to companies that make money by extra oil drilling the EBRD should invest in projects related to renewable energy, such as solar energy or credits for small and medium businesses. This way, employment increases, at the same time offering a much more reliable guarantee that the projects will actually contribute to a better environment. EBRD should invest in a sustainable future: something that really helps the Egyptian people.”
Read the document written by Both ENDS and its European and Egyptian partners after the annual EBRD meeting that took place in Istanbul two weeks ago.
Read more about this subject
-
News / 14 April 2026New report: Phasing out ISDS in the Netherlands: a roadmap
Today, Both ENDS and SOMO are publishing the report Phasing out ISDS in the Netherlands: a roadmap. In the report, we highlight the Netherlands’ role in the ISDS system and offer practical guidance on phasing out ISDS.
-
Dossier /Rights for People, Rules for Corporations – Stop ISDS!
Indigenous communities in Paraguay saw their attempts to regain their ancestral lands thwarted by German investors. In Indonesia, US-based mining companies succeeded to roll back new laws that were meant to boost the country’s economic development and protect its forests. This is the level of impact that investment treaties can have on social, environmental and economic development and rights. Why? Because of the ‘Investor-to-State Dispute Settlement’ clauses that are included in many such treaties.
-
Publication / 14 April 2026
-
Publication / 10 April 2026
-
News / 10 April 2026Both ENDS: strengthened FMO complaints mechanism is a step forward, but major gaps remain
Both ENDS welcomes the strengthened Independent Complaints Mechanism (ICM) of development finance institutions FMO, DEG and Proparco as an important step forward in accountability. Working directly with communities affected by development projects, we see daily how essential it is that people can access justice when they are harmed in the name of development. For many communities, this mechanism is one of the few avenues through which harm can be formally recognised and addressed in relation to these development banks.
-
News / 9 April 2026Minister Sjoerdsma hosts roundtable conversations with civil society
This week, Minister Sjoerdsma organized roundtable conversations with civil society organizations – a valuable initiative that brings together Dutch civil society voices to address critical challenges faced by democratic societies.
-
News / 26 March 2026New project: Climate Accountability in EU Trade
Through its new project “Climate Accountability in EU Trade: Testing the SEP and DAGs for Climate-Linked FTA Enforcement” Both ENDS, with support from the European Climate Foundation, is exploring how the European complaints mechanism (SEP) and Domestic Advisory Groups (DAGs) can be more effectively used to advance climate accountability. The project runs for 13 months, until end of 2026.
-
News / 24 March 2026Statement: Invest in local leadership for tropical forest management and local economies
IUCN-NL, Both ENDS, and 16 other Dutch and international civil society organizations (CSOs), networks, and expert groups are calling on the Dutch government to invest more strongly in locally led forest management and forest-based economies. This should be done within the framework of Dutch international cooperation and its associated policy instruments.
-
News / 19 March 2026Winners of the ILED ‘Women Are Educators Award’ announced
Our partner organisation ILED (Indigenous-led Education Network) announced the seven winners of the ILED ‘Women Are Educators Award’ this month. These are women who play extraordinary roles in passing on knowledge, whether in formal or informal educational settings.
-
Dossier /Global Alliance for Green and Gender Action (GAGGA)
GAGGA rallies the collective power of the women's rights and environmental justice movements to realize a world where women can and do access their rights to water, food security, and a clean, healthy and safe environment.
-
News / 27 February 2026Both ENDS strengthens the resilience of female environmental defenders worldwide thanks to multi-year contribution from the Postcode Lottery
In recent years, Both ENDS has received an additional contribution of €875,000 from the Postcode Lottery for the Autonomy & Resilience Fund (2022–2025), implemented in collaboration with the Global Alliance for Green and Gender Action (GAGGA). This support was essential because female environmental rights defenders around the world are increasingly facing climate change, repression and shrinking civil space. With this contribution, Both ENDS supports female activists and their communities with flexible, trust-based funding, enabling them to develop their own solutions to urgent environmental and climate problems.
-
News / 17 February 2026Civic space at the frontlines: "Build strong coalitions and counter repressive regimes"
Today, we look back on an inspiring event Civic space at the frontlines -
Environmental Defenders and the Role of International Trade and Investment Policy. The panel exist of Michel Forst, UN Special Rapporteur Environmental Defenders under the Aarhus Convention, Suzanne Kröger, Member of Parliament for GroenLinks–PvdA, Dr. Margit van Wessel, Associate Professor at Wageningen University, Anne de Jonghe, policy advisor at Both ENDS, and Jonila Castro, national spokesperson for Kalikasan People's Network for the Environment. With an audience of CSO experts, academics, accountability experts and students we discussed the effects of Dutch economic activity on Environmental Defenders, and what we all can do to support those on the front lines of the fight for the environment and human rights. -
News / 2 February 2026Response to the D66-VVD-CDA coalition agreement
Coalition: Repair the damage and dare to go further
At Both ENDS, we see a number of cautious steps in the right direction in this coalition agreement. There is a slight emphasis on green issues, renewed attention to women's rights, recognition of the importance of civil society, and discussion of trade agreements with a focus on mutual interests. However, without structural change in how we trade, invest, and cooperate, fine words remain empty shells.
-
Dossier /Seeking justice for the affected communities of Vale’s mining disasters in Mariana and Brumadinho
In 2015 and 2019, the Brazilian state of Minas Gerais experienced two severe mining tragedies in Mariana and Brumadinho, due to the same mining company: Vale. Since then, the affected communities have been seeking justice, via the criminal punishment of the responsible parties, and a fair compensation for the loss of their loved ones, their homes and their livelihoods. Both ENDS supports local CSOs by amplifying their quest for justice within an international audience and, more specifically, by raising awareness amongst Dutch investors in Vale about the high risks this company’s activities pose for people and the environment.
-
News / 2 February 2026Seven years after Brumadinho: impunity allows Vale’s disasters to continue
Seven years ago, the dam owned by mining company Vale collapsed in Brumadinho, Brazil, killing 272 people and severely polluting the surrounding area. While the relatives of the victims commemorate them and fight for justice, the pollution continues.
-
Event / 26 January 2026Civic space at the frontlines
Environmental Defenders and the Role of International Trade and Investment Policy
Both ENDS invites you to an interactive dialogue with experts from the UN, policy, academia, and civil society on environmental defenders and international trade. Together, we will explore how citizens, policymakers, academics, and activists can defend civic space and support those on the frontlines of environmental and human rights struggles. With a focus on the Netherlands’ role in international trade and investment policy, and drawing on the experiences of activists from the Philippines, the event aims to foster solidarity and identify strategic priorities to better protect environmental defenders amid the global crackdown on civic space
-
News / 22 January 2026Shell files new arbitration against the Netherlands over Groningen gas field closure
Shell is suing the Netherlands in yet another attempt to evade its responsibility for decades of gas extraction in Groningen. For years, gas production has triggered earthquakes, damaged over a hundred thousand homes, and left residents living in prolonged insecurity, still waiting for repairs, reinforcement, and justice.
-
Dossier /Agua Zarca: indigenous fight against dam costs lives
Indigenous Hondurans are resisting the construction of the Agua Zarca hydrodam. Their fight has cost several lives, including that of Berta Cáceres. After considerable public pressure, Dutch development bank FMO withdrew from the project.
-
Press release / 13 January 2026Investigation: FMO failed to exercise adequate control over project linked to the murder of Berta Cáceres
TEGUCIGALPA/UTRECHT, January 12, 2026 – The murder of indigenous environmental activist Berta Cáceres, which took place almost 10 years ago in Honduras, appears to be the result of an organized criminal operation, in which funds from the Dutch Development Bank FMO were misappropriated to finance illegal activities. This is the conclusion of the investigation report published today by the independent commission set up by the Inter-American Commission on Human Rights, the Honduran state, and the relatives of Berta Cáceres.
For years, FMO was a major financier of the Agua Zarca project. Berta Cáceres, an indigenous leader, fought against this controversial dam and was murdered for that reason in March 2016.
-
Dossier /Gas in Mozambique
In 2011 one of the world’s largest gas reserves was found in the coastal province of Cabo Delgado, in the north of Mozambique. A total of 35 billion dollars has been invested to extract the gas. Dozens of multinationals and financiers are involved in these rapid developments. It is very difficult for the people living in Cabo Delgado to exert influence on the plans and activities, while they experience the negative consequences. With the arrival of these companies, they are losing their land.
