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.
New report reveals the ‘dark side’ of EIB funds: how the EU’s bank supports non-transparent investment funds based in tax havens
September 14, 2016
Counter Balance launches today a new report that critically analyses a little-known part of the European Investment Bank (EIB)’s operations: its use of private equity funds. The report is available for download at http://www.counter-balance.org/wp-content/uploads/2016/09/The-dark-side-of-EIB-funds_report.pdf The report presents a number of statistics and facts about recent investment funds financed by the EIB during the period 2011-2015.
Global call to development banks: don’t fund projects that violate human rights
July 14, 2016
Growing number of national governments have been criminalising activities of land and human rights activists LONDON, July 14 (Thomson Reuters Foundation) – International development banks should ensure their investments do not violate human rights or risk the lives of the activists who defend them, a group of global campaigners said on Thursday.
Azeri regime stifles criticism ahead of European Games. European lender must finally take measures.
June 10, 2015
UPDATE 1 12h CET 12 June 2015 Platform have taken to the streets of London to protest the opening of the European Games. See a video of the action below, and read more in their book published Friday, All that glitters, which explores how the European Games belong to the Aliyev regime and the British oil company BP and how sport is being co-opted in the service of a dynasty and fossil fuels. ––––
Italian mayor stands up against EU priority gas pipeline
June 8, 2015
Local opposition against the Trans-Adriatic gas pipeline (TAP) is growing as an Italian mayor made clear in an open letter to the European Commission and European public banks.
Tax dodging, development and European public banks
April 22, 2015
A new report highlights how the weak taxation policy of the European Investment Bank is undermining its ability to serve public interest in Europe and the Global South at a time when the use of tax haven is exposed as one of the most important barriers to development.
Development Banks Urged to Review Support for Mekong Dams, 10 Years After Nam Theun 2
April 1, 2015
Amsterdam/Bangkok/Manila/Prague/Tokyo – Non-governmental organizations are calling on the World Bank, Asian Development Bank (ADB) and European Investment Bank (EIB) to publicly acknowledge the millions of dollars of failed investment in their flagship project, Nam Theun 2. This 1070 MW dam has failed to bring intended development benefits, and instead has unleashed a range of negative impacts on the affected populations in central Laos.
Exhibition brings coal-affected communities in Colombia and Croatia a step closer together
March 24, 2015
A photo exhibition in Croatia is connecting the dots between communities in Colombia and the Istrian coast that are negatively affected by coal.
