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20 Jul 2020

Intl. Financial Institutions continue investing in socially and environmentally controversial projects, says new research; incl. IFIs comments

The research “The Impact of International Financial Institutions on the Environment and Socio-Economics: The Cases from Armenia and the World” by Sofia Manukyan, a researcher, human rights defender & environmentalist, alleges International Financial Institutions (IFIs) continue investing in projects that are problematic from the perspective of overall wellbeing and environmental protection.

The Business and Human Rights Resource Centre has invited all IFIs mentioned in the research to respond. Asian Development Bank, European Investment Bank, KfW Development Bank & Sberbank responded.  Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, International Finance Corporation, Korea Development Bank & World Bank did not respond.

Materials with full information and the IFIs' responses & non-responses are below.

Company Responses

Sberbank View Response