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

In November 2012 Bankwatch reported that Monsanto the biotech behind the development of most commercial and Roundup was developing plans with the , (EBRD). The plans centered around a  USD 40 million ‘risk-sharing facility’ so that medium-large and distributors in , , , Hungary, and Turkey could buy Monsanto’s seeds and agro-chemicals in , without Monsanto 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 Monsanto’s risk”  can be accessed on Bankwatch’s website. http://bankwatch.org/publications/we-will-not-share-monsantos-risk-open-letter-ebrd

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