European public banks must improve transparency
1 October, 2012
Brussels – The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) score low on transparency according to the ‘2012 Aid Transparency Index’ [1] published today by the campaign group ‘Publish What You Fund’.
Read moreTrust us, we’re euphoric – Private equity and a tax haven part of the EBRD’s first post-Arab Spring swoop
26 September, 2012
For its first loan to ‘Arab Spring’ countries the European Bank for Reconstruction and Development has chosen vehicles and partners whose ability to deliver developmental value is highly uncertain.
Read moreContinued EU budget battle could sacrifice clean energy investments and clog economic recovery
25 September, 2012
Continued debates about a reduction of the future EU budget jeopardise the potential of using EU funds for energy efficiency and renewables investments to provide necessary economic stimulus and climate mitigation.
Read moreClimate action missing as ministers dance around EU budget ‘Pandora’s box’
24 September, 2012
Brussels, Belgium — Today’s General Affairs Council meeting to discuss the EU’s next Multiannual Financial Framework 2014-2020 (MFF) saw further stalemate between those member states seeking to ensure no cuts to the European commission’s outline MFF proposals, and those member states determined that cuts must occur while insisting that the emphasis must instead be on the ‘quality’ of future MFF spending.
Read moreWorld Bank and Others Poised to Invest in Rio Tinto’s Flawed Mongolian Mining Project
24 September, 2012
Ulaanbaatar, Mongolia — The World Bank Board of Directors has announced plans to consider a copper and gold mining project in the Mongolian South Gobi desert even though the Bank itself acknowledges that there is not enough water in the region to support the life of the Project. Despite ongoing community opposition to Rio Tinto’s Oyu Tolgoi mine and its associated facilities (“OT Project”), the World Bank is considering a financing package of US$900 million in loans and up to US$1 billion in political risk insurance for the OT Project in early November.
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