Tag Archives: development

Development in Reverse – Episode 1: Ombudsman bashes EIB for mishandling a mining fiasco

Brussels – In an unprecedented ruling, the European Ombudsman concluded that the European Investment Bank (EIB) mishandled complaints about a major mining project it financed in Madagascar. The Ombudsman ruled maladministration for the EIB massive delays in handling the case and highlighted the poor monitoring on the implementation of the project on the ground. The […]

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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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Citizens for Financial Justice (EU DEAR)

Counter Balance is part of the EU DEAR project “Citizens for Financial Justice”: Informing and connecting citizens to act together to make the global finance system work better for everybody. Currently the global financial system increases inequality, often fails to create decent jobs, undermines human rights, devastates the environment and is creating debt crises. The […]

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Counter Balance Activity Report 2017

All you need to know about our activities in 2017 in a short booklet. Read our 2017 Activity Report here.

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Auditors expose the failure of public-private partnerships (PPPs) and slam EU’s support

Published jointly with Eurodad Tuesday March 20 2018 The European Court of Auditors today slammed Public-Private Partnerships (PPPs), stating that they were ‘not always effectively managed and did not provide adequate value-for-money’. The report, entitled “Public Private Partnerships in the EU: Widespread shortcomings and limited benefits” looks at PPPs in several EU countries. Inefficient spending […]

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