Chad-Cameroon oil pipeline

“The project will have a positive economic impact on Cameroon and will constitute a real breakthrough for Chad, one of the least developed countries in the world.” – EIB press release 22.6.2001 This 1070 kilometre pipeline project stretches from three oil fields in the Doba Basin in southern Chad through Cameroon to the Atlantic and […]

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Reviewed EIB tax haven policy not effective

On December 15th, 2010 the European Investment Bank made public its ‘policy towards weakly regulated, non-transparent and uncooperative jurisdictions’ which is a revision of its former policy on tax havens. Although the Bank’s policy goes further than other IFI’s policies, it still contains a number of unacceptable loopholes and more importantly it won’t prevent European […]

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Why the new EIB tax haven policy will not be effective

Since the outbreak of the financial crisis in autumn 2008, the fight against tax havens has been a hot issue, and growing direct street level protests against major corporations and their deft use of these secrecy jurisdictions suggests that things are only getting hotter. Because in spite of commitments taken by different world leaders and […]

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Counter Balance critique on the new version of the “EIB policy towards weakly regulated, non-transparent and uncooperative jurisdictions”

On December 15th, 2010 the European Investment Bank made public its ‘policy towards weakly regulated, non-transparent and uncooperative jurisdictions’ which is a revision of its former policy on tax havens. Although the Bank’s policy goes further than other IFI’s policies; it still contains a number of unacceptable loopholes and more importantly it won’t prevent European […]

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Drawing lessons from the European Investment Bank’s external lending: supporting private sector development, undermining local communities’ development

With regards to the European Commission’s public consultation process Counter Balance has submitted its considerations on the Green Paper on “EU development policy in support of  inclusive growth and sustainable development: Improving the impact of EU development policy”. Our major concern is the overall focus on the private sector involvement as an engine for inclusive […]

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The EIB complaints mechanism policy: only a green washing machine

The European Investment Bank (EIB) disbursed an additional EUR 40 million for the Bujagali dam in Uganda while complaints from the local communities are still waiting for a response. The dam is controversial because of its social and environmental impact. “By neglecting its own complaint mechanism, the EIB proves that its policy is nothing more […]

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Glencore: comment une multinationale pille l’Afrique avec la complicité de l’Europe

Par Agnès Rousseaux in Basta – Mise en danger de la population, dégradation de l’environnement, pillage des ressources minières, évasion fiscale et transferts douteux via des paradis fiscaux… tel est le bilan en Zambie de la multinationale suisse Glencore. Avec la bénédiction de la Banque européenne d’investissement, qui finance ses activités. Comment l’Europe et la […]

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80% des financements de la BEI en Zambie sont allés au secteur minier pourtant controversé

Par Agnes Sinai in Actu-Environement – Alors que le prix de la tonne de cuivre a atteint un record historique à 9015 dollars le 9 novembre, l’expert zambien Savior Mwamba, directeur du Centre pour le commerce et le développement, estime que la Banque européenne d’investissement devrait cesser de financer les compagnies minières. Actu Environnement : […]

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Savior

[Speakers Tour] Mining baleful for development

In the beginning of December 2010 Counter Balance members – Bankwatch Network, urgewald and les Amis de la Terre – organised a speakers tour with Saviour Mwambwa from the Centre for Trade Policy and Development (CTPD), a Zambian NGO. The Tour visited Germany, Czech Republic, Poland and France to convince policy makers, students and civil […]

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bowl

The Private Sector Turn – a conference on the increasing shift from public to private funding in development finance

On November 22nd 2010, Counter Balance and the Bretton Woods Project hosted a conference in London on The Private Sector Turn – the increasing shift from public to private funding in development finance, the forms it takes and what it means for activists and affected people. An illuminating summary and audio bites of the conference […]

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