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Corporate welfare and development deceptions: Why the European Investment Bank isn’t fit for EU development work

The Counter Balance campaign today called for a winding-up of so-called development lending activities at the European Investment Bank (EIB), as the European NGO coalition issued a report detailing exactly why people living in poverty are failing to receive the benefit of billions of euros loaned each year by the EIB outside the European Union.[1] […]

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Ethiopia’s newest dam suffers tunnel collapse days after inauguration

Rome, Italy — A critical water-passage tunnel in the newly inaugurated Gilgel Gibe 2 hydropower project in Ethiopia reportedly collapsed this week. With a price tag of EUR 374 million and a capacity of 420 megawatts, Gilgel Gibe 2 is currently Ethiopia’s biggest power plant. The project channels the water discharged from the Gilgel Gibe […]

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Do we need another multilateral development bank controlled by Europe?

Eurodad and Counter Balance submission to the Wise Persons Panel Civil society organisations have engaged with the Wise Persons Panel in the past few months. On 28th January Eurodad and Counter Balance sent a submission to the Panel, which is currently finalising its recommendations for the European Council and the Parliament. The submission raises CSO […]

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Launch of new report “Corporate welfare and development deceptions”

Launch of new Counter Balance report:”Corporate welfare and development deceptions. Why the European Investment Bank is failing to deliver outside the EU”.

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Desperately Seeking … Poverty Eradication, Environmental Protection and Sustainable Development! November 18-19 Conference Conclusions

28 December 2009 Why major reforms are needed in the new EIB external lending mandate. “Major structural reforms needed,” concludes civil society after Counter Balance’s 2-day  November conference in Brussels on the European Investment Bank and its role in development. Civil society was invited to the European Parliament on November 19, 2009, to present its […]

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African testimonies at Belgian Senate reveal the dark side of European Investment Bank’s financial might

The winners and losers from the European Investment Bank’s loans in Africa were sharply distinguished today at the Belgian Senate by civil society representatives from Chad, Nigeria and the Democratic Republic of Congo (DRC), currently on an advocacy mission in Paris and Brussels. The three speakers described in detail the economic, environmental and social hardship […]

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