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The EIB flying in the face of climate breakdown

As our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”,  demonstrates, the promises to align with the goals of the Paris Agreement and the planned ban on fossil fuels are not the end of the road for the EIB. Indeed, the EIB is still a long way from becoming the “EU […]

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European Parliament asks European Investment Bank to double down on sustainability and transparency

July 10, 2020Brussels, Prague The European Parliament has called on the European Investment Bank (EIB), the world’s largest public lender, to facilitate Europe’s effort to tackle the climate crisis by fully aligning its investment policies and practices with the Paris climate accord. Yesterday, the European Parliament approved two reports (see here and here) on the […]

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The Juncker Plan and the promotion of Public Private Partnerships: lessons learnt for future economic recovery measures?

In the context of the Covid-19 crisis, this question holds a significant importance, as there are vivid discussions taking place around the public provision of essential public services and risks linked to privatisations. And looking back into how EU public finance has performed in the recent past is an important exercise for mistakes not to be repeated in future economic recovery plans at European level […]

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NGOs call on EIB President to put climate at the heart of recovery package

Today, together with 10 NGOs, we sent an open letter to Werner Hoyer, the President of the European Investment Bank (EIB), calling for its new role in the European economic recovery to be consistent with its climate commitments […]

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Counter Balance submits its contribution to the EIB Climate Bank Roadmap

As part of the consultation opened by the EIB, we submitted our recommendations for the bank to truly become the “EU Climate Bank”. Find our submission and summary of our key demands here.

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Policy Brief: EIB’s role in the EU Covid-19 crisis response

As the Covid-19 pandemic continues to unfold, European governments have been developing public stimulus packages to help relaunch the economy and avoid a historic recession. As the ‘EU Bank’, the European Investment Bank (EIB) will play a flagship role under the EU recovery package in response to the health crisis and its economic consequences…

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Gaining control – an MEP toolkit to get the EIB on track

Counter Balance’s new guide for MEPs aims at having parliamentarians monitor the European Investment Bank more closely. The ‘EU Bank’ is the biggest public bank in the world. Last year it spent EUR 65 billion and it is at the heart of investment plans designed at EU level. The bigger the EIB grows, the more […]

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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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Racing against the clock: Kenyan villagers under imminent threat of eviction by project under EU’s bank’s appraisal

Originally published on bankwatch.org Today’s European Development Days forum in Brussels with its aspirational motto ‘building a world which leaves no one behind’ is an ironic backdrop to what is happening in the remote parts of Kenya, where a whole community is facing a threat of forced eviction by a project under appraisal of the […]

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EIB must stop funding fossil fuels, say 70 civil society groups

Brussels, 13 June 2019 Ahead of a meeting of the EU bank’s Governors in Luxembourg on Friday, 70 civil society organisations, think tanks and academics across Europe call for a fossil-free European Investment Bank (EIB) in a joint statement released today On June 14th, the EU Finance Ministers will gather in Luxembourg(1) as Governors of […]

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