Early Warning System

Countries

Croatia

Geographic location where the impacts of the investment may be experienced.

Specific Location

Petrinja

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Croatia

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Humanitarian Response
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 6, 2023

Disclosed by Bank Oct 6, 2022

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Following the 2020 series of earthquakes, Sisak-Moslavina County declared a state of emergency in seven towns and twelve municipalities; the County was later declared in a state of disaster. The County is known to be one of the most seismically active regions in Croatia, having previously suffered extensive damage during the 1909 Kupa Valley earthquake. The City of Petrinja, located roughly 6km west-southwest of the epicentre, suffered material damage to residential and public buildings, as well as to hospitals, cultural monuments, and community areas. Significant damage was reported in the City's historical urban centre. As per the latest data in August 2022, over 9,500 houses and buildings in Sisak-Moslavina County were reported as damaged while 600 constructions were demolished, while 3,222 family houses have been reconstructed so far.

The earthquakes have severely damaged the area's infrastructure and economy, as well as inhibiting daily activities and leaving many displaced. The area is responding to a two-part crisis, namely the coronavirus crisis and earthquake aftermath. This response will now have to deal with the still unknown consequences of the evolving military conflict in Ukraine and the resulting influx of refugees in the region presently. Over 20,000 Ukrainians have already reached Croatia, with more expected to arrive. The Project will therefore also be a chance for Petrinja to recognize and embrace the opportunities that could emerge as a result of the integration of refugees in the affected area. Petrinja's historically strong meat-production industry was destroyed in the aftermath of the Homeland war of the 1990s. However, Ukraine's robust meat-processing industries (as well as construction industries and food industries at large) could offer many opportunities for re-establishing the industrial sector in Petrinja.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General EBRD enquiries:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html