On 27 January 2021 the European Bank of Reconstruction and Development (EBRD) expects its Board of Directors to approve a loan of USD 70 million to Indorama Agro for the development of the cotton farming sector in Uzbekistan.
The world’s costliest Olympic Games, held in Russia in February 2014, were built on widespread and well-documented human rights abuses. This is just one example of the adverse impacts, when governments systematically fail to act to protect human rights in the face of business activities.
In a series of video tutorials, Bankwatch demonstrates tools civil society organisations and activists from Uzbekistan can use to have a say about projects supported by development banks that may affect their communities and the environment.
A breakthrough for human rights is needed after 30 years of the EBRD: Case Studies from Uzbekistan, Georgia, Armenia, and Bosnia
The European Bank for Reconstruction and Development (EBRD) stands out among multilateral development banks with the commitment of its shareholding countries to the fundamental principles of democracy and respect for human rights. As the EBRD celebrates its 30th anniversary, it is a perfect moment to reflect on the Bank’s track record, human rights policy framework and operational approach.
Food and Agriculture Organization of the United Nations, Sep 30, 2020
Governance, rule of law and corruption in Eastern Europe and Central Asia: Barriers to holding corporations accountable for human rights abuses
State legislation and political will to implement them are the biggest determinants of corporate respect for human rights within that jurisdiction. If businesses do not expect to be held accountable for human rights abuses, they often feel free to cause or contribute to adverse impacts with impunity.