The EU house bank is holding back Europe’s shift to sustainable energy
Press release | 14 June, 2016On the occasion of the EU Sustainable Energy Week, a new Bankwatch analysis shows that the European Investment Bank (EIB) has been effectively hindering Europe’s energy transition.
Read moreMEP Pirinski: “The EIB should pay more attention to economic, social and territorial cohesion”
Blog entry | 7 June, 2016MEP Georgi Pirinski, rapporteur of the annual report on the European Investment Bank, shares his views on how to improve the way the bank operates.
Read moreBankwatch and Counter Balance statement on the mid-term review of the Investment Plan for Europe
Press release | 1 June, 2016Brussels, Prague – European Commission Vice President Jyrki Katainen presented today the mid-term result of the Investment Plan for Europe. The European Fund for Strategic Investments (EFSI), the financial arm of this investment strategy, was established by the European Commission and the European Investment Bank (EIB) in 2015 with the aim of mobilising private investments to stimulate the European economy.
Read moreThe Paris Agreement is a wake up call for the EU’s house bank to realign its investment strategy
Press release | 23 May, 2016The European Investment Bank (EIB) must adopt new directives and operating principles to play a meaningful role in realising the EU’s goal of a decarbonised and resource efficient economy, say CEE Bankwatch Network and Counter Balance ahead of the bank’s annual meeting during the EU finance ministers’ Council this Wednesday, May 25.
Read moreParliament gets tough on control of EU Bank’s funds
Press release | 28 April, 2016In its annual resolution on the European Investment Bank adopted today in Brussels, Members of the European Parliament have criticised the bank’s support to projects under corruption investigations. They also called on the EIB to go further on fighting climate change, tax evasion and tax dodging. Counter Balance and CEE Bankwatch Network welcome the positions taken today by the Parliament in this resolution.
Read moreFor European public finance, where will all roads lead from Paris?
Blog entry | 22 April, 2016Signing the Paris Agreement is an important step in Europe’s contribution to the global effort to tackle the climate crisis. But funding this commitment necessarily passes through the public coffers. To kick-start the much-needed energy transition– by swiftly cutting emissions to reach the global carbon neutrality the Paris Agreement prescribes for the second half of this century –a change of paradigm in public investments in energy infrastructure is needed.
Read moreAid Transparency Index: improvements for Europe’s multilateral development banks but still a long way to go
Blog entry | 13 April, 2016As the 2016 Aid Transparency Review shows some improvement for the two main European lenders, they are still far from reaching satisfying transparency standards.
Read moreTensions are rising over hydropower and the lack of participation in Georgia’s mountains
Blog entry | 15 March, 2016The mistrust and frustration of communities in the mountains of north-western Georgia is deepening over make-shift consultations on large dam constructions.
Read moreUnited Nations report highlights risks and failures of public-private partnerships
Blog entry | 14 March, 2016A United Nations study finds that public-private partnerships involve substantial risks for the public sector and have often failed to yield ‘value for money’.
Read moreGuest post: Walking the line
Blog entry | 8 March, 2016Plans for the Southern Gas Corridor / Euro-Caspian Mega Pipeline will solidify the west’s dependence on fossil fuels and authoritarian regimes. A new web documentary shows why we should stop and think.
Read more