Tag Archives: development

Out for Summer, Episode 1: The Ambatovy mine in Madagascar – How the EIB is sweeping a development fiasco under the rug

This summer we would like to shed light on the European Investment Bank’s operations outside the EU. “Out for summer” is a series of articles focusing on different cases of troubled development stories. First stop: Ambatovy, Madagascar. The Ambatovy project, together with the Mopani mine in Zambia, was the last mining project directly financed by […]

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European Parliament improves the External Investment Plan, but significant challenges ahead

Brussels, 6 July 2017 By ActionAid & Counter Balance The European Parliament has just [6 July] adopted the final regulation setting up the External Investment Plan and its financial pillar – the so-called European Fund for Sustainable Development (EFSD) [1]. The creation of this investment plan was announced by the president of the European Commission […]

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Counter Balance’s 10th anniversary

As European public banks have gained a more and more important role, over the last decade at Counter Balance we have been working to make sure these institutions lead the transition towards a more sustainable and equal society. We are glad to celebrate our 10th anniversary through a brief overview of our achievements and future […]

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Counter Balance raises NGO concerns on the European Fund for Sustainable Development at EU Parliament hearing

Yesterday, Wednesday 8 March, Counter Balance intervened during a public hearing at the European Parliament where MEPs exchanged views with experts and stakeholders on the European Fund for Sustainable Development (EFSD). Organised by the Parliament Foreign Affairs (AFET), Development (DEVE) and Budgets (BUDG) Committees, the hearing hosted among others representatives from the European Investment Bank […]

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EIB pioneer investment in climate fund turns into a crash dive, according to NGO report

Brussels, 28 Feb Showcased as the ultimate initiative to fight climate change, the European Investment Bank (EIB)’s participation in the Althelia Climate Fund is nothing like the social and environmental success it was described to be – say the NGO Re:Common and Counter Balance in a new report released today. Contributing up to €25m in […]

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CSOs concerns regarding the EU External Investment Plan and recommendations to ensure a pro-poor instrument

November 2016 The European Commission proposed on the 14th September 2016 to create the European External Investment Plan (EIP) in Africa and European Neighbourhood. This position paper summarises main concerns and challenges identified by a group of NGOs, in which Counter Balance is participating. Read the full briefing here.

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