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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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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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New report: Towards a better model for public development banks

Today the NGO Network Eurodad published the report “Public Development Banks: Towards a better model” which proposes a blueprint for successful public development banks at national, regional and global level. With this blogpost, we highlight some of the issues raised in the report, and how they are relevant for the main institution we are monitoring: […]

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New joint NGO analysis calls DFIs to action against tax avoidance

A group of nine NGOs launches today a new report called “Development Finance Institutions and responsible corporate tax behaviour: where we are and the road ahead”. The analysis focuses on the role of DFIs in fighting the risk of public money being complicit in tax avoidance schemes, both assessing the policies currently in place and […]

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Entrevista – Xavier Sol: “El brazo financiero de la UE facilita la evasión fiscal, mientras la Comisión trabaja contra ella”

David Penado / 27-09-2016 El director de Counter Balance evalúa la forma en qué se ha estado invirtiendo el dinero de todos los europeos a través del Banco Europeo de Inversiones (BEI). Counter Balance es una alianza de 9 ONG, como el Observatorio de la Deuda en la Globalización (ODG), especializadas en el campo del desarrollo […]

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European Investment Bank: time to open up

Originally published on Public Finance International. By: Xavier Sol  28 Sep 16 The silent giant of the EU’s economy, the European Investment Bank, needs to be less secretive, more accountable and firmer about corruption. If trust in a common European future is to be rebuilt, the perceived democratic gap between citizens and institutions has to […]

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