Counter Balance

Celebrate the rights of those 5 per cent who hold 80 per cent of the planet’s biodiversity. Today is the International Day of the World’s Indigenous People. Originally published by Bankwatch. The European Parliament resolution of 3 July 2018 on violation of the rights of indigenous peoples in the world, including land grabbing recognises the “central role” […]

By Nezir Sinani, from Bank Information Center Europe. Originally published by Huffington Post US. Do you know which international financial institution (IFI) lends the most money? If you guessed the World Bank, you are wrong. You’ll find the answer in Luxembourg —- it’s the European Investment Bank (EIB). All of the existing IFIs have an […]

Originally published on Public Finance International (October 2017 issue).

19 September 2017 By Jean Comte, originally published on EU Observer.    

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 […]

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 […]