We will not share Monsato’s risk. Potential cooperation between the EBRD and Monsanto fails.

In November 2012 reported that the biotech behind the development of most commercial GMOs and Roundup was developing plans with the , (EBRD). The plans centered around a  USD 40 million ‘risk-sharing facility’ so that medium-large farmers and distributors in , , , Hungary, and Turkey could buy ’s seeds and agro-chemicals in , without losing money if they got into debt.

Those plans have now been dropped due in part to a signed by 158 organizations which was delivered to EBRD. The letter titled “We will not share ’s risk”  can be accessed on ’s website. http://bankwatch.org/publications/we-will-not-share-monsantos-risk-open-letter-ebrd

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