Coherence for development?

Coherence for development?

Development check of the financing activities of the European Investment Bank is essential reading for those who wish to follow the debate on transparency, monitoring and coherence between EIB operations and EU policies outside the EU27. It provides a comprehensive assessment by civil society of the major issues: -The EU development goals and EIB’s role […]

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Letter on the EIB’s policy on fighting tax avoidance and the off-shore financial industry

To Philippe Maystadt President European Investment Bank 100, boulevard Konrad Adenauer L-2950 Luxembourg 23rd March, 2009, Brussels Dear President Maystadt, Re: EIB policy on fighting tax avoidance and the off-shore financial industry We are sending you an activist kit “fight capital flight” that tackles tax havens and off-shore financial industry. This kit has been produced […]

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Re-directing the EIB’s tide of money

Appeared in European Voice The European Investment Bank (EIB) might be the most important public lender in the world. After all, it approved almost €60 billion in loans in 2008, well over twice the volume of the World Bank. It operates in key sectors of the global economy – in 2006, 58% of all support […]

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Proposal for amendments to the Decision dealing with the renewal of the Community budget guarantee to the EIB

In November 2008, the European Court of Justice (ECJ) annulled the EIB’s main mandate to lend outside the EU, ruling that any new mandate should be based on a section of the Treaty establishing the European Community (EC Treaty) that requires “the sustainable economic and social development of the developing countries, and more particularly the […]

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“EIB must withhold funding Bujagali dam until major problems are addressed”

Following a highly critical assessment from a World Bank body on the impacts of the USD 799 million Bujagali dam in Uganda, the campaign coalition Counter Balance has called on the European Investment Bank (EIB), a joint funder of the controversial project with the World Bank, to withhold any further disbursement of its USD 130 […]

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EU Bank ‘Financing Destruction’ in Africa

By David Cronin for IPS – The European Union is financing ecologically and socially destructive projects in Africa, a Brussels conference has been told. Officially, the Luxembourg-based European Investment Bank (EIB) is committed to using the 53 billion euros (67 billion dollars) it releases each year, to pursue policies that protect the environment and alleviate […]

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