More than money: New report reveals shortcomings in human rights policies of leading public development banks
May 6, 2024
As the EBRD gears up for its Annual Meeting on 14 May, the FIDH and Bankwatch release a report comparing the lending policies of four major public development banks whose loopholes are contributing to human rights violations.
More than money: Development banks must strengthen human rights safeguards
May 6, 2024
Despite environmental and social safeguards in place, projects financed by public development banks all too often violate human rights.
A conversation between the mine and the factory: alternatives to the extractive model of the green transition
December 22, 2023
Date: Tuesday, 12 December 2023 On 12 December the Debt Observatory in Globalisation held an international meeting altogether with a frontline defender in Colombia and Argentina, and workers of Collectivo Di Fabrica, from Florence (Italy). The aim wa
Civil society seminar: Recommendations for EIB Global
May 2, 2023
This briefing summarises recommendations formulated by civil society to guide the future operations of EIB Global.
Kenya energy project exposes the dark side of EU development funds
October 13, 2021
A third of the European Investment Bank (EIB) portfolio in 2020 went through financial intermediaries, a channel that has already enabled multiple projects with devastating consequences for nature and communities with virtually zero accountability. The ongoing review of the EIB’s environmental and social standards is a crucial opportunity to ensure transparency and proper scrutiny of all projects supported with European public money.
The EU Bank about to fail becoming a responsible lender
August 6, 2021
The European Investment Bank (EIB) is closing today the public consultation as part of the review of its Environmental and Social Sustainability Framework. A large group of civil society organisations (CSOs) sent today written contributions highlighting their disappointment with the EIB proposals, and calling for concrete actions to ensure that the EIB will operate as a responsible lender in the future.
Half green and half-blind on democracy. As the EBRD turns 30 the vision of its founders is still far out of sight
April 14, 2021
The European Bank for Reconstruction and Development (EBRD) was created in 1991 at a unique moment in history: after the fall of the Berlin wall, the disintegration of the Soviet Union and the run-up for the Rio Earth Summit on Sustainable Development and the UN Framework Convention on Climate Change.
In Kenya, EU bank preventing forced evictions would be a Christmas miracle
December 20, 2019
The European Investment Bank and German development bank KfW are among the lenders supporting a 41 kilometre extension of the road from Mombasa towards Nairobi, one of the most important in Kenya. Over the last four years, the resettlement of those along the transport corridor has created severe problems for residents of Mombasa’s suburbs.
Kenyan village burned down weeks after EIB withdraws from energy project planned at the same place
November 6, 2019
The geothermal power plant Akiira 1 in Kenya’s Nakuru county is planned to be built nearby the place the village of Lorropil used to stand until last Sunday.
Uncertain future for Slovakia’s development funds
August 22, 2019
The Slovak government does not seem to understand the difference between export promotion and development aid, as it proposes to lump the two under one institution, Eximbanka SR.
