Glass half full? The State of Accountability in Development Finance
This report, produced by 11 civil society organizations, assesses the extent to which development finance institutions (DFIs) provide access to remedy for those harmed by DFI-financed activities. The report evaluates the policies and practices of eleven DFIs and their corresponding complaint mechanisms, including FMO, DEG and their Independent Complaints Mechanism (ICM).
For more information
Read more about this subject
-
Dossier
Advocating for responsible policies of development banks
Development banks should comply with strict environmental and human rights rules to ensure that their projects benefit and do not harm the poorest groups. Both ENDS monitors the banks to make sure they do.
-
Blog / 12 July 2019
Dutch participation in the AIIB, an international bank with Chinese characteristics
and Stijn Deklerck of Amnesty International Nederland
On 12 and 13 July, the Asian Infrastructure and Investment Bank (AIIB) will be holding its annual meeting in Luxembourg. This is the fourth annual meeting of the AIIB which was set up on the initiative of China. As a shareholder, the Netherlands will be attending the meeting.
-
Publication / 30 June 2017
-
Press release / 10 February 2021
Transparency at development bank FMO is seriously lacking
The Dutch development bank FMO is not sufficiently transparent about the projects it finances and is therefore acting contrary to its mandate. This is evident from a new report published by the International Accountability Project (IAP) and the Foundation for the Development of Sustainable Policies (FUNDEPS), endorsed by 28 organizations including Both ENDS, SOMO, and Oxfam Novib. The research assesses FMO's disclosure and access to information practices for investments proposed between January 1, 2019, and May 31, 2020. Only in 25% of the cases was it disclosed what potential negative consequences an investment by FMO would have for people and the environment.
-
News / 4 October 2017
Reaction to FMOs position statements on human rights, land and gender
On September 20th FMO published its new position statements on human rights, land governance and gender. We appreciate that FMO takes human rights serious and applaud the efforts that have been made to come to an improved position on human rights, land and gender. However, to truly have a positive impact on people and the environment, some important follow up steps are necessary.
-
News / 18 November 2019
European Investment Bank goes fossilfree
Good news for the climate: last week, the European Investment Bank (EIB) decided to stop investing in fossil fuels by 2021. This is part of its new energy strategy.
-
News / 30 July 2019
EIB wants to stop fossil investments: big step in the right direction
The European Investment Bank (EIB) has published its new policy for energy investments. In the new draft policy, the bank states to stop investing in fossil fuel related projects from 2020. This is good news for the climate, so Both ENDS and partners are happy with this draft policy. The shareholders of the bank, the member states of the European Union, still have to approve it.
-
News / 10 November 2020
FMO takes a step towards divesting from fossil fuels
The Dutch development bank FMO has published a statement about fossil fuels to take steps in climate action. Both ENDS and partners are pleased that FMO is finally taking a stand regarding fossil fuels, but in our opinion it could be more ambitious. In order to really contribute to sustainability and equality, it is essential that development banks stop investing in harmful fossil projects.
-
Video / 18 March 2015
Money Energy People
Senegal is one of the countries with the highest amount of effective sunshine on earth. Instead of using the 3000 hours of sunshine a year as a source of energy, 2 new coal fired power plants are now being built with the help of the Dutch development bank FMO, using public money. This video shows the consequences for the local population.
-
Publication / 10 December 2018
-
Publication / 25 December 2015
-
News / 11 May 2017
African Development Bank accepts complaint about coal plant
A year ago, the Senegalese NGO Takkom Jerry filed a complaint with the African Development Bank (AfDB) and the Dutch Development Bank FMO, with support from Both ENDS. These banks finance the Sendou coal power station, right next to the fishing village of Bargny. The AfDB has now recognized the complaint. FMO is already processing the complaint and will publish an official response shortly.
-
News / 8 November 2019
European Commission, help the European Investment Bank go Fossil Free!
On Thursday November 7th, a group of European NGO's including Both ENDS, sent a letter to Vice-President of the EU Frans Timmermans, in which they ask him to support the phase out of European Investment Bank’s fossil fuel financing by the end of 2020.
-
News / 17 May 2018
Charge against Dutch FMO for complicity in human rights violations in Honduras
Today, three representatives of the Honduran indigenous people's organisation COPINH, together with the family of environmental activist Berta Cáceres, who was murdered in March 2016, announced that they are preparing to press charges against the Dutch development bank FMO. COPINH accuses the FMO of complicity in human rights violations in connection with the controversial Agua Zarca hydroelectric project.
-
External link / 31 May 2018
Agua Zarca debacle leads to policy changes at FMO (Annual Report 2017)
Sometimes things must go terribly wrong before big players start to move. In March 2016, Honduran activist Berta Cáceres was murdered because of her leading role in the protests against the Agua Zarca hydro dam, co-financed by the Dutch FMO. One and a half year later, FMO changed their policies to prevent such events in the future.
-
Dossier
Fair Green and Global Alliance (FGG)
Together with civil society organisations from all over the world, the Fair Green and Global (FGG) Alliance aims for socially just, inclusive and environmentally sustainable societies in the Netherlands and the Global South.
-
Blog / 24 June 2019
The European Investment Bank should withdraw from gas investments
The European Investment Bank EIB should get rid of its gas-investments, and the Netherlands can take the lead in this. The Netherlands appears to be relying less and less on gas in its energy policy, and also seems to focus on gas-free investments at the EIB. Now it is important to maintain this position and also convince the other EU countries.
-
News / 1 December 2018
7 suspects of the murder of the Honduran Berta Cáceres were found guilty
On Thursday, November 29, seven suspects of the murder of Berta Cáceres (in March 2016) were found guilty. Members of the indigenous human rights organisation COPINH, of which Cáceres was the leader, and close relatives of Cáceres herself see the ruling as the first step towards justice for her murder and the recognition that the company DESA is co-responsible for this. They also point out, however, that the process was permeated with corruption, intimidation and other abuses from the very beginning, and that the masterminds behind the murder are still walking around freely.
-
External link / 10 December 2018
Human Rights Defenders are a Cornerstone of Sustainable Development
An Open Letter to States and Development Financiers on the need to ensure that development interventions support the realization of human rights, safeguard human rights defenders and guarantee meaningful public participation
-
Dossier
Indigenous communities threatened by Barro Blanco dam in Panama
The Barro Blanco dam project in Panama, which has Dutch financial support, is causing indigenous lands to disappear under water. Both ENDS is working to protect the rights of indigenous communities living near the dam.