EIB lending figures in 2011: Germany 6 – Greece 1
Bankwatch Mail | 13 March, 2012 | Download PDF
For a bank tasked to contribute to the ‘balanced and steady’ development of the internal market in the interest of the EU, the EIB’s figures for its financing operations in 2011 (released last month at its annual press conference) induced a certain amount of head-scratching here at Bankwatch Mail.
A civil society ‘Hello’ to the EIB’s new president
Bankwatch Mail | 13 March, 2012 | Download PDF
The ‘Counter Balance: Challenging the EIB’ coalition has written to Werner Hoyer, the new president of the EIB, welcoming him to his new post. Hoyer, formerly state secretary in Germany’s foreign office and a member of the Free Democrats, the junior partner in Chancellor Angela Merkel’s government, becomes the EIB’s seventh president, succeeding Philippe Maystadt.
EIB’s clean energy credentials continue to be compromised, policy review offers clean break from fossil fuels
Bankwatch Mail | 13 March, 2012 | Download PDF
‘Carbon Rising’, a new study from Bankwatch, catalogues the EIB’s energy lending for the period 2007-2010 during which time the bank loaned EUR 40 billion to energy projects across the EU and EUR 8 billion outside the EU. This lending was guided by the EIB’s first energy policy ‘Clean Energy for Europe: A Reinforced EIB Contribution’, adopted by the bank in 2007.
Infrastructure in the developing world: does it need PPPs?
Bankwatch Mail | 13 March, 2012 | Download PDF
Bankwatch Mail invited two specialists, Matt Bull of the World Bank’s Public Private Infrastructure Advisory Facility and David Price of the Centre for Primary Care and Public Health, Queen Mary, University of London, to debate the issue of PPPs in the developing world.
EBRD plans for Egypt slammed by human rights group
Bankwatch Mail | 13 March, 2012 | Download PDF
An independent Egyptian human rights organisation, the Egyptian Initiative for Personal Rights (EIPR), published in early March a scathing assessment of the EBRD’s plans for its future investment activities in Egypt. Based on an EBRD Technical Assessment document, EIPR takes issue with the EBRD analysis on three main counts:
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