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European Parliament criticizes the EIB for lack of action on climate and taxation

8 March 2018 Today, the European Parliament approved a critical report on the activities in the financial arm of the EU – the European Investment Bank (EIB). This report sends a strong signal to the bank: it needs to step up its sustainability, transparency and accountability. Yesterday, in a debate in the plenary of the […]

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The EIB gets an expanded mandate for its operations outside Europe

Press release: Counter Balance, CEE Bankwatch Network Brussels, 8 February 2018 The European Investment Bank (EIB) found itself in the spotlight during this week’s debates in the European Parliament. MEPs were called to give direction to the EU house bank’s development role through the amendment of its 2014-2020 external lending mandate. Today the European Parliament […]

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New study: ECAs go to market

Originally published by Bankwatch. Between 2015 and 2017, Finance & Trade Watch and Bankwatch, together with its national partners researched export credit agencies (ECAs) in seven countries of the European Union (Austria, Czech Republic, Croatia, Hungary, Poland, Romania and Slovakia). The aim of this research was to assess how the procedures and performance of these […]

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Civil society urges the EU Bank to lead on responsible taxation

On 12 January 2018, 13 NGOs and trade unions set a joint paper to the European Investment Bank (EIB) on its taxation policy. The signatories highlight that the revision of the EIB’s tax havens (NCJ) policy, foreseen in 2018, is a crucial opportunity to strengthen the tools the EIB uses to ensure its operations do […]

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EU’s Africa plan must put aid goals front and centre

Originally published on Public Finance International. By: Xavier Sol 30 Nov 17 Development objectives need to come first in the EU’s new External Investment Plan and be backed by high levels of transparency, says Xavier Sol of Counter Balance European Union leaders this week met their African counterparts in Abidjan, Cote d’Ivoire, for the fifth […]

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Between TAP and a hard place – Albanian farmers receive peanuts after losing land and livelihoods to gas pipeline

Originally published by Bankwatch. Interviews in Albania revealed a barrage of complaints about how the Trans-Adriatic Pipeline has been treating farmers affected by the mega gas project that may soon receive a record loan from the European Investment Bank. Sven Haertig-Tokarz, Web editor  |  30 November 2017 The full report from the fact-finding mission is available for […]

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