Tag Archives: development

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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New report analyses “corrupt but legal” practices in development finance

Brussels, 9 December 2016 Is corruption defined solely within the boundaries of what is legal? Is the deterioration of our democratic societies limited to officially acknowledged crimes such as bribes, money laundering and fraud? The answer is no, according to Counter Balance’s latest analysis “Corrupt but legal” published today, on the occasion of the International […]

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Why the EIB should not deal with the migration crisis

Originally published on Euractiv. The EIB is not well placed to intervene in the migration crisis. The bank’s past form shows it lacks the human touch needed to succeed in this area, writes Xavier Sol. Sparking the most diverse reactions, from a concerning burst of xenophobia to exceptional waves of welcoming generosity, the so called […]

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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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