Tag Archives: accountability

New Report: Going abroad – A critique of the EIB’s External Lending Mandate

November 16, 2016 Brussels, Prague The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond the its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house […]

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European Investment Bank: time to open up

Originally published on Public Finance International. By: Xavier Sol  28 Sep 16 The silent giant of the EU’s economy, the European Investment Bank, needs to be less secretive, more accountable and firmer about corruption. If trust in a common European future is to be rebuilt, the perceived democratic gap between citizens and institutions has to […]

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Civil society coalition calls for human rights respect by development banks worldwide

Increasingly, communities and civil society organisations who speak out about development activities are finding themselves under attack. In this reality of criminalisation of human rights and environmental defenders and shrinking space for participation in development, development banks have a responsibility to ensure that their activities do not cause or contribute to human rights violations, including […]

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Glass Half Full? The State of Accountability in Development Finance

New research report finds development banks do not provide adequate remedy for people affected by their projects Download the full report and its annexes – including the annex on the European Investment Bank. Civil society calls on development banks to strengthen their systems to protect those harmed by the activities they finance. Counter Balance is […]

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Report: Towards a reinforced accountability architecture for the European Investment Bank

‘Towards a reinforced accountability architecture for the European Investment Bank’ proposes a number of crucial reforms to guarantee democratic oversight, transparency and quality of the lending of the EU’s financial arm in the pivotal year of 2015. On paper the EIB has one of the best developed Complaint Mechanisms guaranteeing downward accountability to all citizens […]

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Holding the EIB to account – A never ending story

Our latest report ‘Holding the EIB to account – a never ending story’ takes a close look at the track record of the EIB’s Complaints Mechanism during its first five years of existence. Based on our experience and case studies, the report suggests that the CM so far struggled to operate effectively because of a […]

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