flying in the face of development

Flying in the face of development – how the EIB enables tax havens

This study shows that many projects and beneficiaries funded by EIB money involve tax havens and transnational companies that use them for tax purposes. Tax evasion and avoidance from developing countries represents a significant multiple of global overseas development assistance every year. This leakage is facilitated by tax havens, which provide infrastructure and services to […]

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The Smoke and Mirrors of the EIB – on Gibe 3 Dam (Ethiopia)

Clarification on the European Investment Bank’s role in Ethiopia’s Gibe 3 Dam A statement issued June 4 by the European Investment Bank contradicts a June 3 announcement made to Friends of Lake Turkana that the Bank had withdrawn its consideration of the Gibe 3 Dam in Ethiopia. The June 4 statement is consistent with the […]

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Action Rally on EIB & Tax Haven: EIB Loans for Companies in Tax Havens Severely impact the have nots’

Brussels, Belgium – NGOs from across Europe rallied today in front of the Council of the EU in Brussels with a strong demand to the European Investment Bank (EIB), the EU’s ‘bank’ – STOP PROVIDING LOANS TO TAX HAVEN-BASED MULTINATIONALS. The Counter Balance coalition together with Eurodad, Tax Justice Network, Friends of the Earth and […]

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MEP’s vote for increased transparency and accountability of the European Investment Bank in its loans to developing countries

The Counter Balance coalition, a coalition of environmental and development non-governmental organisations recognizes the major step forward taken by this vote on the increase of both accountability and transparency of the European Investment Bank’s operations. Now the EIB can no longer ignore a certain number of principles when granting loans to a project in the […]

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MEP’s vote for increased transparency and accountability of the European Investment Bank in its loans to developing countries

The Counter Balance coalition, a coalition of environmental and development non governmental organisations, informs you of an important debate and vote to take place at the European Parliament(debat on March 24th, vote on March 25th) . The European Investment Bank (EIB) might be the most important public lender in the world. After all, it approved […]

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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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