31.01.2013 - 13:43 [ CEE Bankwatch Network ]

Good news: EBRD drops controversial Monsanto project

Well, after a lively reaction from groups around the world, including a letter signed by 158 organisations, other individual letters, meetings with the bank, a protest in Serbia, and questions in the German and Slovene parliaments, we‘re glad to be able to report that the EBRD has confirmed that the project is not going ahead. So has the EBRD admitted that Monsanto is an unsuitable recipient of European public development support? Not exactly.