From the producers of ‘Financial Crisis: The Meltdown’: THE MONSTER THAT ATE DEVELOPMENT. Coming soon to a Southern economy near you

Development finance used to be simple. Development banks lent to ‘developing’ countries, using loan conditionalities that precisely stopped those countries from developing, to do big, unpleasant, socially damaging projects, and it was our job as activists to stop them. And how we complained, about project standards and disclosure policies and EIAs. Well, to quote the […]

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Hilfsgelder für sambische Kupfermine in der Kritik

In epo – Kurz vor dem Besuch von Entwicklungsminister Dirk Niebel (FDP) in Sambia hat die Umweltorganisation urgewald gemeinsam mit europäischen Partnern einen Bericht zum fragwürdigen Entwicklungs-Beitrag des Kupferbergbaus in Sambia veröffentlicht. Der Bericht “The Mopani copper mine, Zambia – How European development money has fed a mining scandal” untersucht die Probleme der Mopani-Kupfermine, zu […]

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Cover Mopani report

The Mopani copper mine, Zambia – How European development money has fed a mining scandal

The Mopani copper mine’s contributions to Zambia’s economy and budget are inexistent, the mining company’s social policy is marked by a race to the bottom and it leaves a devastating impact on the environment. This is the conclusion of the report “The Mopani copper mine, Zambia – How European development has fed a mining scandal”, […]

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EU money earmarked for African development winds up in tax havens and African banks, report claims

By Leah Hyslop  in The Telegraph – A new report alleges that the European Investment Bank’s lending practices in Africa facilitate tax evasion and corruption. Counter Balance, a coalition of NGOs dedicated to challenging the European Investment Bank (EIB), issued the report, entitled Hit and run development: some things the EIB would rather you didn’t […]

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Europe’s poverty aid programme for bankers and tax havens

By David Hencke on his Blog – Not quite the aid bankers have in mind. Picture courtesy The Guardian When you think of aid to the starving poor in Africa, you think of Oxfam or Christian Aid. You don’t think of wealthy bankers, private equity companies or tax havens. Yet a report out  examining in […]

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Bericht kritisiert Afrika-Engagement der EIB

In epo – Europäische Entwicklungs-Organisationen haben einen neuen Bericht veröffentlicht, der Globaldarlehen und Private Equity Beteiligungen der Europäischen Investitionsbank (EIB) in Afrika nachgegangen ist. Dem Bericht mit dem Titel “Hit and run development” zufolge, der von der NGO-Koalition “Counter Balance” herausgegeben wurde, haben diese Finanzinstrumente Steuerflucht und Korruption gefördert und jedweder Entwicklungslogik widersprochen. Die Europäische […]

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