Tag Archives: European commission

EU’s Main Lender Still Tied to Tax Havens, Watchdog Warns

Originally published on Bloomberg BNA. April 4, 2018 By Joe Kirwin The European Investment Bank continues to provide loans for development projects that involve companies or financial groups that either use or are based in tax havens, according to a watchdog group. The European Commission blocked EIB projects worth more than $1 billion in 2016 […]

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Drawing lessons from the European Investment Bank’s external lending: supporting private sector development, undermining local communities’ development

With regards to the European Commission’s public consultation process Counter Balance has submitted its considerations on the Green Paper on “EU development policy in support of  inclusive growth and sustainable development: Improving the impact of EU development policy”. Our major concern is the overall focus on the private sector involvement as an engine for inclusive […]

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Counter Balance statement on the Commission proposal for the EIB’s mandate to lend outside the EU

The Commission proposal for a new European Investment Bank (EIB) mandate to lend outside the European Union contains several improvements compared to the previous version and includes various points that were raised by NGOs in the past. However, it leaves many concrete aspects to further decisions and allows a broad interpretation of important obligations. And […]

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