strategy
Protesting environmentally unsound policies of development banks
Implementation:
In 1993, a letter signed by 12 Friends of the Earth groups and 17 other NGOs was sent to the President and Executive Directors of the European Bank for Reconstruction and Development, protesting their intention to finance the completion of the Mochovce nuclear plant in Slovakia. A protest to the World Bank contributed to the cessation of funding of the Narmada dam project in India. Broader:
ProtestingProtesting unsound public spendingProtesting environmentally harmful developmentProtesting lack of integration of environmental and economic issues Constrained by:
Maintaining secrecy in international development banks Facilitates:
Investing ethicallyEstablishing community banksGreening institutional investorsGreening international institutionsCreating non-profit banking servicesCreating non-profit banking servicesOpposing World Trade Organization agreementsReviewing regulations in the banking industryIntegrating environmental considerations into lending Problems:
Over-dependency on international financial institutionsSocially irresponsible programmes of transnational banks
Unaccountability of international financial institutions
Unethical practices relating to development
Unsustainable economic development
Organizations:
CEE Bankwatch Network Subjects:
Commerce → BankingEnvironment → Environment
Development → Development
Policy-making → Policy
Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
