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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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Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement

A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project   In 2015, the EITI board downgraded Azerbaijan’s membership status due to its relentless crackdown on civil society, political opponents and […]

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EU Ombudsman to investigate EIB for maladministration

Brussels, 2 March 2017 The European Investment Bank (EIB) is being investigated for maladministration, after the European Ombudsman sent a formal letter opening the case this week (27 February 2017). The investigation comes after ClientEarth, CEE Bankwatch Network and Counter Balance highlighted the lack of transparency at the bank, and its attempts to block scrutiny. […]

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The NGOs’ point of view presented to the EIB Board of Directors

Human rights, climate, accountability. These are the main areas needing urgent improvement in the EU’s bank activities, flagged NGOs to the EIB Board of Directors last Monday 30th January, on the occasion of the traditional annual meeting with civil society. There, the Counter Balance coalition did not miss the chance to raise the most urgent […]

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Reviewing the European Investment Bank’s carbon footprint methodology

It  is  encouraging  that  the  European Investment  Bank  (EIB),  which developed  its  methodology  for calculating greenhouse gas emissions, published in 2012, is now considering its further review. It is crucial for the Bank to periodically review  the  methodology,  to  be  in  line with the latest scientific developments regarding emissions calculations from different  sectors  in  order  […]

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Why the EIB should not deal with the migration crisis

Originally published on Euractiv. The EIB is not well placed to intervene in the migration crisis. The bank’s past form shows it lacks the human touch needed to succeed in this area, writes Xavier Sol. Sparking the most diverse reactions, from a concerning burst of xenophobia to exceptional waves of welcoming generosity, the so called […]

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