Azerbaijan-Georgia-Turkey Pipelines Highlight Ills of Extractive Industry

The IFC and other international financial institutions are considering the possibility of financing the Baku-Tbilisi-Ceyhan Main Export Oil Pipeline (BTC) and Baku-Tbilisi-Erzrum Gas pipelines. CEE Bankwatch Network and other NGOs are demanding that they not finance the project until the project is able to demonstrate real development benefits to the public in the Caspian region. Also, there must be full access to all documents related to the project and a proper assessment of the existing social, economic, and environmental impacts.