Raising the bar on big dams

Raising the bar on big dams: making the case for dam policy reform at the European Investment Bank

The European Investment Bank has been involved in a number of large dam projects in recent years, many of them in Africa. All could have been improved – sometimes significantly so – by more careful planning and better implementation standards. Despite making vague references to the recommendations of the World Commission on Dams, the EIB […]

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European Investment Bank: Promoting sustainable development, “where appropriate”

This report aims to inform the ongoing review of environmental and social practices within the EIB by examining the standards endorsed by the EIB in a variety of social policy areas, and identifying ‘international best practices’ against which the EIB’s new framework will invariably be judged. Specifically, it will focus on five different social policy […]

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Demonstrators tell EIB to stop financing climate change

Environmental campaigners from around Europe held a demonstration today in Ljubljana, Slovenia aimed at ending the climate change enhancing investments of the European Investment Bank (EIB), the bank of the European Union and one of the biggest public lenders in the world. As the EIB opened its two-day annual forum – entitled “Financing Energy – […]

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Basic facts about the EIB

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Bujagali dam, Uganda

The USD 799 million Bujagali Dam in Uganda will flood Bujagali Falls, a national landmark comprising a 388 hectare reservoir. Construction is expected to take place between 2007 and 2011. In May 2007 the EIB agreed to provide USD 130 million in project finance. Other donors include the World Bank Group (USD 360 million in […]

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