EIB statement on its possible involvement in the Gibe 3 project in Ethiopia

June 9, 2009

The Bank is following the development of this project closely and is aware of the issues raised by some NGOs which are typically the kind of issues that the Bank would examine in the course of its formal project appraisal. The Bank requires further studies in order to decide whether it should undertake the formal appraisal of this project. Should the EIB decide to move towards a project appraisal, it has already expressed its willingness to meet with interested civil society organisations in the future to discuss their concerns.