Tag Archives: accountability

How the ‘EU’s Bank’ fails to raise the bar on accountability

Originally published on EU Observer. By Xavier Sol As the financial arm of the European Union, the European Investment Bank (EIB) likes to call itself the “EU Bank” and to publicly praise its environmental and social standards in comparison to other investment banks. Nevertheless, over the last years, a dangerous setback on accountability and transparency […]

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EIB to weaken accountability mechanism, despite civil society criticism

Brussels, 13 November 2018 In a step backwards for the EU bank’s transparency and accountability, the Board of Directors of the European Investment Bank (EIB) has approved a controversial new policy for its Complaints Mechanism, a move that will take the bank further away from the communities affected by its operations – say NGOs. The decision […]

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Can the EU bank afford a race to the bottom on accountability?

Originally published on Public Finance International. By Xavier Sol, 7 Nov 18 The European Investment Bank should take the opportunity to finally fix serious transparency and governance flaws as it looks to revamp its complaints mechanism, says Counter Balance’s Xavier Sol. Would a school teacher ask her pupils for their approval before grading their tests […]

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Le traitement des plaintes à la BEI fait polémique

Originally published on Agefi.fr Les ONG accusent l’institution de museler le seul mécanisme lui permettant de gérer les griefs des parties tiers. Sur l’ordre du jour de la réunion, le sujet fait l’objet d’une ligne anodine : « Politique révisée relative au mécanisme de traitement des plaintes ». Et pourtant, la question, examinée demain par le conseil […]

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In Kenya, a motorway funded by the European Investment Bank runs over roadside dwellers

Children dropping out of school, trees cut, people living in fear of another wave of forced evictions – the European Investment Bank’s (EIB) project reveals the critical absence of human rights safeguards in the EU’s overseas development financing. By Aleksandra Antonowicz-Cyglicka. Originally published on bankwatch.org The nearly 1 000 km route connecting Mombasa and Lake Victoria […]

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