Step into the light: transparency review at EU bank can end culture of secrecy
Blog entry | 11 March, 2021The European Investment Bank, one of the largest lenders globally, is currently working on a new transparency policy that will govern how and what information the bank makes public. As the EU’s house bank, the EIB must guarantee the right of all citizens to access information held by public bodies.
Read moreJoint CSO Submission on the Draft Revised Version of the EIB Transparency Policy
Publication | 11 March, 2021The European Investment Bank (EIB) is currently revising its transparency standards. Its proposal for a revised Transparency Policy (draft TP) is under public consultation until 12 March 2021. While we appreciate the EIB’s initiative to review its Tran
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Actions speak louder than words: gender equality policies in development banks
Blog entry | 8 March, 2021Promoting gender rights and women’s empowerment has become a trend among multilateral development banks (MDBs). Organising discussions on best practices and promoting gender-related issues is welcome, but it is crucial that banks ensure meaningful protection and support to the women most affected by international public investments.
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Why is the EIB still hiding one-third of its lending?
Publication | 4 March, 2021The EU’s house bank must keep up with its peers on disclosure of financial intermediary investments
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Why is the EU’s house bank still hiding one-third of its lending?
Blog entry | 3 March, 2021The EIB’s lending through intermediary banks is often claimed to be confidential. But this is public money, and the bank’s peers are increasingly doing better. As the EIB reviews its Transparency Policy, it’s high time to up its game.
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Corridor Vc in Bosnia and Herzegovina
Publication | 29 January, 2021The transport Corridor Vc is a motorway planned to run for 330 kilometers through Bosnia and Herzegovina. Various sections of this corridor are being financed by the EIB and the EBRD. This briefing provides an overview of the key issues identified by a Bankwatch fact finding mission to a section of the motorway project south of Mostar, including non-transparent decision making, a threat to the fragile balance of interests of different ethnic groups in this post-war community, illusory public consultations, and biodiversity at risk.
Read moreNenskra hydropower project: update
Publication | 29 January, 2021Since it was first proposed, the Nenskra hydropower project in Georgia has raised significant controversy and concerns among the indigenous Svan communities living near the proposed plant, as well as the general public in Georgia. The accountability mechanisms of the EIB, EBRD and ADB have found numerous violations of the lenders’ environmental and human rights standards, as well as violations of the rights of affected Svan communities.
Read moreRaising the bar on human rights at the European Investment Bank
Publication | 29 January, 2021A joint letter from Bankwatch and 15 other NGOs, on the occasion of the EIB’s annual dialogue with Civil Society Organisations, asking the Bank takes steps to integrate and prioritize human rights considerations through its operations.
Read moreMaking the “EU Climate Bank” a reality
Publication | 28 January, 2021A joint letter from Bankwatch and 46 other civil society groups, calling on the EIB leadership to close the gaps in the Bank’s ‘Climate Bank Roadmap 2021-2025’ and fully align its operations with the Paris Agreement.
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Connecting or Dividing? The South Mostar section of Corridor Vc in Bosnia and Herzegovina
Publication | 26 January, 2021In the early 2000s, the Corridor Vc route south of Mostar was planned to run through the Neretva valley, but due to strong local opposition, in 2011 this was changed to a route on the nearby plateau. In 2015 and 2016, yet another decision was made to r
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