Both ENDS
Today is International Women's Day. A day originating from women's strikes against poor working conditions in the textile industry, some 100 years ago. Since then, a lot has improved for women but, unfortunately, men and women obviously still don’t have equal rights. In 1949, Simone de Beauvoir already warned that ‘women’s rights will never be vested. You have to stay vigilant your whole life’. Recent developments such as the tightening of abortion laws in some countries confirm this view and show that even in the ‘free West’ women’s rights are still far from self-evident.
The African Development Bank (AfDB), which was founded in 1964 to stimulate economic development in Africa, has had a complaints mechanism since 2006. Individuals who have somehow been affected by projects financed by the AfDB can make an appeal to this mechanism. Yet, according to a large number of African and international organisations, this system has its weaknesses and there is much to improve. How exactly? Well, the organisations have recently presented their recommendations to the AfDB. Anouk Franck of Both ENDS coordinated this process.
16 civil society organisations including Both ENDS have written a letter of concern to the European Investment Bank about a newly proposed standard for the Bank its intermediate finance investing. Both ENDS contribution to the contents of the joint letter consists out of proposals for improvement of screening, scoping, due diligence, appraisal, monitoring and supervision of high-risk clients and sub-projects. through financial intermediaries and clear and mandatory social, environmental and human rights requirements for FI investing matters.
