Confirmatory application for disclosure of EIB documents related to Volkswagen loans
Advocacy letter | 24 November 2015
Following the revelations around Volkswagen cheating emission tests, Bankwatch requested information from the European Investment Bank about its loans to the car maker. After some delays, the bank released only part of the requested information, despite the profound public interest in the case.
In this confirmatory application (pdf), the last available resort within the EIB’s transparency policy, Bankwatch outlined why the EIB has not yet responded sufficiently, what information is requested (and why) from the bank.
The bank responded on December 18, 2015 with this explanatory letter (pdf) and the release of redacted finance contracts between the EIB and VW as well as redacted completion reports provided by VW to the EIB at the closure of each project. (See all documents here.)
Since the information disclosed was still unsatisfactory in two cases, Bankwatch followed-up with a second confirmatory application. See it here >>