Southeast Europe is experiencing a wave of hydropower projects. In a region with a deadly combination of Europe’s last wild rivers, rampant corruption and inadequate nature protection, the potential for damage is immense.
The extensive analysis shows that multilateral development banks are playing a key role. The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank’s International Finance Corporation (IFC) have extended loans totalling EUR 818 million to no less than 75 hydropower projects, including 30 directly affecting protected areas like national parks, Natura 2000 sites, and Ramsar sites.
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