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Counter Balance’s Recommendations on EIB Anti-Fraud Policy

On March 19th, 2020, we as Counter Balance, submitted our recommendations for the improvement of the European Investment Bank’s Anti-Fraud Policy. You can read or download the full document here:

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EIB Roundtable Report: State of Play and Future Challenges

DOWNLOAD THE FULL REPORT BELOW This summary report of this roundtable is provided by the organizer Counter Balance. The opinions ex-pressed in this report are those of the authors and do not necessarily reflect the views of all participants in the roundtable. On March 3rd, 2020, 65 participants joined the roundtable on the State of […]

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NGOs call on EIB to halt fossil gas projects now!

On February 25, a coalition of international CSO’s sent a joint letter to Werner Hoyer, President of the EIB. The letter, sent by Counter Balance and 12 other international CSO’s, clarifies to the President the major risk factors involved in the recently approved Energy Lending Policy. These loopholes could undermine the ELP as a whole. […]

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13 NGO’s urge EIB not to invest in Nice airport

Today, together with 13 NGO’s we sent a letter to the European Investment Bank (EIB) asking them not to support the expansion of the airport in Nice. This project is completely opposite to what the EIB is aiming to become, namely the EU Climate Bank. The original letter is in French, here is a short […]

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NGO’s urge EIB to raise the bar on climate

In the run-up to the EIB Board Seminar, an event where the European Investment Bank and its Directors meet with civil society organisations, a coalition of international NGOs – coordinated by Counter Balance – sent a statement to the EIB urging the bank to take firm action in the fight against climate change. From adopting […]

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Heating up – The negative impact of development banks supporting geothermal industry in Kenya

Guest article by Lotte Hughes (Independent scholar and historian of Kenya) “My feeling is like this is the end of the world, it is the end of us. Only a rich man can survive here.” Fatuma Hitler, 53-year-old Samburu woman, RAPland village, Kenya Geothermal energy is widely touted as green, clean, and good news for […]

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Cast the spotlight on financial injustice to tackle rising inequalities, says new report

26 September 2019 As the international community meets at the UN General Assembly to review progress towards the Sustainable Development Goals (SDGs), a new report launched by Citizens for Financial Justice argues that the increased and unregulated growth of the finance industry has been contributing to deepening inequalities across the world.  Spotlight on financial justice […]

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Spotlight on financial justice – understanding global inequalities to overcome financial injustice

Citizens for Financial Justice new report – Spotlight on financial justice: understanding global inequalities to overcome financial injustice – is being released on Thursday 26 September 2019, to coincide with the High Level Dialogue on Financing for Development at the UN. The report was compiled by Citizens for Financial Justice partners and other contributors, coordinated […]

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EIB

European Investment Bank: the EU’s hidden giant

Originally published on the Financial Times. By Rochelle Toplensky and Alex Barker 15 July 2019 06:00 Clearer purpose sought for one the world’s biggest and most peculiar banks Safely hidden in the woods of Luxembourg sits one of the world’s biggest and most peculiar banks.  It issues more bonds than JPMorgan but is not supervised by […]

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EU development finance can play a stronger and better role, say CSOs

July 2019 CEE Bankwatch Network, Concord, Counter Balance and Eurodad submitted a set of recommendations to the High Level Group of Wise Persons on the European financial architecture for development. Below is a summary of the main points. The full version is available here. Over the last few decades, the European financial architecture for development […]

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