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EU bank’s new environmental and social policy not fit for lofty development ambitions

2 February, 2022

The European Investment Bank (EIB) – the financial arm of the EU – has approved a set of new environmental and social standards that, despite some last-minute changes, leave the door open to human rights abuses and biodiversity destruction, warn civil society groups.  

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The EIB’s safeguard rules must match its global ambitions

1 February, 2022

The EU’s house bank has great development aspirations, but its draft environmental and social policy has dangerous gaps that will come back to haunt it.

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Major blow to Bosnia hydropower project as Germany’s KfW drops financing plans

28 January, 2022

German development bank KfW has today confirmed that it is dropping plans to finance the controversial Janjići hydropower plant on the river Bosna in Bosnia and Herzegovina. 

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EU bank chief ‘ready to close gaps’ on rights abuses and environmental damage

27 January, 2022

At today’s annual press conference of the European Investment Bank, president Werner Hoyer committed his institution to be ‘second to none’ and take steps to correct a poor record of human rights violations and environmental damage caused by the world’s largest international lender.  

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New complaint on hidden EIB hydropower financing in Serbia shows need for tighter standards

27 January, 2022

As the EIB prepares to adopt a new environmental and social policy next week, an NGO complaint to the Bank’s Complaint Mechanism shows why the Bank’s standards for financial intermediaries urgently need to be tightened.

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