EBRD

Armenia’s Trashy problems: in 21st Century International Banks Fund Landfills with No Recycling Facilities

by Sofia

In Armenia there are some private companies which recycle paper, plastic, batteries, metals. While local solutions are better than nothing, only a systematic approach can give a fast solution to waste recycling, as well as change public’s attitude towards trash. We do need fast actions in this sphere as the pollution of soil, air and water is happening fast too, thus a solution in this field stems from our need to live in healthy and clean environment. This article is therefore one such step to bring the issue of recycling to the agenda of politician, decision makers in and outside of Armenia.

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Does Economic Progress Benefit Men and Women Equally?

by guest-writer Gohar Shahnazaryan

photos from marches in various cities on March 8, 2017

One of the main arguments of neoliberalism is that an increase of women’s economic participation will inevitably lead to their empowerment, including political. But feminist critique of liberalism and economic modernization has its own perspective on the issue.

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March in Yerevan March 8, 2017 © Sofia Manukyan

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Green Democracy – Mission Impossible when Local Impunity has Global Backing

by Sofia

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Amulsar © Geoteam

Lydian International Limited company is a mineral exploration and development corporation registered in an offshore zone namely in Jersey, Channel Islands. The Company is listed on the Toronto Stock Exchange and it owns a mining and a number of exploration assets in Armenia. Amulsar gold deposit is its key asset. The International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) have bought major stakes in Lydian but there are other shareholders too, among these the U.S., Canadian and European investment funds. IFC is a 7.9 percent shareholder and has invested over 13 million USD in multiple stages since 2007. The EBRD in its turn planned to invest up to 8 million USD to purchase shares of the company as part of its capital increase. As its existing shareholder EBRD has monitored project advancements together with an independent environmental and social consultant. (more…)