Tag Archives: development

New EU External Investment Plan risks sidelining development objectives

29.11.2017 Brussels/Abidjan As EU leaders meet their African counterparts in Abidjan for the 5th European Union/African Union summit, the European External Investment Plan (EIP) is in the spotlight. It is portrayed as the perfect recipe for the EU to combine development aid with  migration control and economic interests. But such a plan risks deviating from […]

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European Bank Threatens Step Backwards on Accountability

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 […]

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True or False: The European External Investment Plan

On 14 September 2016 the European Commission proposed an External Investment Plan (EIP) ‘to encourage investment in our partner countries in Africa and the EU Neighbourhood region, to strengthen its partnerships and contribute to achieve the Sustainable Development Goals, helping to address some root causes of migration’. The True or False factsheet answers important questions […]

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EU bank accused of muzzling watchdog

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

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REDD inequity writ large: €4.4 million for Althelia Climate Fund in “management fees”, while villagers in Kenya ask “How is the carbon benefiting me?”

9 March 2017 By Chris Lang, originally published on Redd Monitor. A new report by Re:Common and Counter Balance investigates the Althelia Climate Fund and its investment in a REDD project in Kenya. The report highlights the findings of a July 2016 visit to the Kasigau Corridor REDD+ project area in Kenya. Re:Common and Counter […]

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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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