Auditing the debt economy and ecological debt in SEE

Auditing the debt economy and ecological debt in SEE: Regional alternatives in public finance and infrastructure in the Balkans

20 March 2019, from 9:00 – 14:00

European Environmental Bureau, Rue des Deux Eglises 14-16, Brussels

The spectacular growth in public debt in SEE is usually presented as a problem of excessive state spending caused by a lack of business-friendly environments for foreign investors. The question of whether reforms promoted under EU accession agreements or IMF Stand By Arrangements are making the region more dependent in the long term on foreign borrowing, whilst placing a strain on public finances in the short term, is rarely asked.  In the same way, the EU is promoting debt financed infrastructure projects, primarily through the enlargement of the Transport and Energy Communities, where finance is conditional on public-private partnerships. Neither the public nor CSOs are consulted about whether investment in energy exports is ecologically or financially sustainable, or whether the chronic overdependence on road transport should be encouraged. This conference presents an opportunity to discuss CSO perspectives from the region and alternative models of public finance.

This conference presents innovative research from the CSO sector in SEE on the interlinked crises of public debt, infrastructure and the environment in the region. Public debt is seen as a consequence of a failed model of finance led growth and as a socialisation of private debt. Increased public borrowing from the IFIs transfers the costs of private debt to citizens in the form of austerity and cuts in publics services. Under the terms of conditionality, regional states are obliged to taken on further debt to finance investment projects that are financially unviable and environmentally degrading, and benefit no one but the private corporations that will manage these lucrative concessions. There is no economic benefit to these projects in terms of employment or public revenue, merely an intensification of the circuit of financial (out)flows, and a deepening debt bondage of the region.

The full programme is available here.

Participation in the event is free of charge, but for organisational reasons we welcome registration here.

To read more about debt and infrastructure in Southeast Europe, please see our regional reports on debt and infrastructure, as well as the accompanying policy briefs (debtinfrastructure).


  1. Reply

    Way cool! Some extremely valid points! I appreciate you penning this write-up and also the rest of the site is extremely good. Kacie Victor Thurman

  2. Reply

    I am actually thankful to the holder of this website who has shared this fantastic paragraph at here. Jemima Harper Mayhew

  3. Reply

    You made some good points there. I looked on the internet for the subject matter and found most guys will approve with your site. Jobye Judd Phip

  4. Reply

    Excellent article! We will be linking to this great article on our site. Keep up the great writing. Johnna Radcliffe Nichy

  5. Reply

    There is noticeably a bundle to know about this. I assume you made certain good points in features also. Rhonda Mohammed Edison

Leave Comment

Your email address will not be published. Required fields are marked *