Dirty palms: European Development Banks need better due diligence and accountability to prevent human rights abuses
November 29, 2019
Long considered the standard-setters in the world of development finance, Multilateral Development Banks are now at an important junction. Europe’s development financiers must step up their accountability and commitment to protection of people and nature.
Living on the edge: waste collection at Mongolia’s landfill rehabilitation project
October 16, 2019
Ulaanbaatar is growing, fast. The Mongolian capital has added several hundred thousand people in recent years, many of whom are abandoning the countryside and traditional forms of subsistence herding to pursue opportunities in the city. But the rush to the city is placing pressure on infrastructure like housing, transportation and other essential services.
European Commission criticises the EIB’s role as a development bank
October 11, 2019
The European Commission recently published an evaluation of EIB development operations under its External Lending Mandate during the period 2014-2018. The Commission’s findings confirm our previous assessments and repeated calls for improvements in the fields of transparency, human rights due diligence and development impacts of EIB projects.
Submission on the European financial architecture for development
July 23, 2019
In the Submission to the High Level Group of Wise Persons on the European financial architecture for development, civil society organisations CEE Bankwatch Network, Concord, Counter Balance and Eurodad welcome the European Council’s initiative to revie
In Central Europe, activists fight for ‘just transition’ away from coal
July 12, 2018
As Poland, Slovakia and the Czech Republic start phasing out coal, campaigners argue that all actors – including small entrepreneurs, communities and civil society – must be part of the process. Source: In Central Europe, activists fight for ‘just tran
Southern Gas Corridor
June 30, 2017
This system of mega-pipelines meant to bring gas from Azerbaijan to Europe, is unnecessary for Europe’s declining gas demand. But the billions in public investments will boost Azerbaijan’s dictatorial regime and cause upheaval for transit communities in Turkey, Greece, Albania and Italy.
National and local levels play secondary role in Green Climate Fund, European Investment Bank project illustrates
April 25, 2017
The use of international financial institutions to manage projects within the Green Climate Fund framework has been criticised as too far removed from communities and those affected by the investments. Recently approved projects, the biggest of them administered by the European Investment Bank confirm this view, despite willingness to include civil society.
The EU bank’s dubious overseas development experience shows it cannot be a key player in Europe’s response to the plight of refugees – report
November 18, 2016
The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house bank has been financing outside Europe to find a dismal track record on a range of issues from transparency to human rights. This, the report authors say, should serve as a warning sign for the European Parliament and Council as they consider boosting the bank’s mandate.
Going abroad – a critique of the European Investment Bank’s External Lending Mandate
November 18, 2016
This report analyses how and if the European Investment Bank (EIB) is fulfilling its development role under the so-called External Lending Mandate (ELM) for the period 2014-2020. It sheds light on the more questionable quality and effectiveness of EIB operations and on the neglected areas of the bank’s performance outside Europe, such as transparency and access to information practices, its attitude towardstax evasion and tax dodging, human rights due diligence.
Here be dragons: How the EU bank’s development finance overlooks people at risk
November 18, 2016
The European Investment Bank’s failure in safeguarding the most vulnerable groups in its projects shows it is ill-equipped to help refugees and host communities in the European Union’s neighbourhood. A new report explains the bank’s weaknesses in identifying and responding to human rights risks.
