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Call to take action to end intimidation of indigenous peoples affected by geothermal projects in Kenya

A global group of non-governmental organizations today called on the World Bank, European Investment Bank, Japan International Cooperation Agency, German Development Bank- KFW, French Agency for Development, and other international financial institutions involved with the Olkaria I, IV, and V geothermal projects in Kenya to take immediate action and demand that the project promoter, Kenya Electricity Generating Company Limited (KenGen), withdraw all legal charges against Maasai community members who have raised concerns regarding these projects.

Going abroad - a critique of the European Investment Bank's External Lending Mandate

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This report analyses how and if the European Investment Bank (EIB) is fulfilling its development role under the so-called External Lending Mandate (ELM) for the period 2014-2020. It sheds light on the more questionable quality and effectiveness of EIB operations and on the neglected areas of the bank’s performance outside Europe, such as transparency and access to information practices, its attitude towardstax evasion and tax dodging, human rights due diligence.

The EU bank's dubious overseas development experience shows it cannot be a key player in Europe's response to the plight of refugees - report

The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house bank has been financing outside Europe to find a dismal track record on a range of issues from transparency to human rights. This, the report authors say, should serve as a warning sign for the European Parliament and Council as they consider boosting the bank’s mandate.

Here be dragons: How the EU bank's development finance overlooks people at risk

The European Investment Bank’s failure in safeguarding the most vulnerable groups in its projects shows it is ill-equipped to help refugees and host communities in the European Union’s neighbourhood. A new report explains the bank’s weaknesses in identifying and responding to human rights risks.


Why coal is not the way forward - facts versus myths

Coal is the single biggest contributor to global climate change. But governments and investors planning new coal capacities have a range of flimsy arguments why coal would be the best or the only alternative. This briefing busts a number of myths surrounding coal, such as "coal is cheap", "alleviates poverty" or "coal is clean".

Guest post: China stokes global coal growth

China cuts coal at home but state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker from China Dialogue.


New report reveals the 'dark side' of EIB funds: how the EU's bank supports non-transparent investment funds based in tax havens

Counter Balance launches today a new report that critically analyses a little-known part of the European Investment Bank (EIB)’s operations: its use of private equity funds.

The report is available for download at
http://www.counter-balance.org/wp-content/uploads/2016/09/The-dark-side-of-EIB-funds_report.pdf

The report presents a number of statistics and facts about recent investment funds financed by the EIB during the period 2011-2015.

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