Tag Archives: external lending mandate

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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ECJ ruling puts EU house bank on the spot: deliver on development role or stop lending outside Europe

Brussels, Belgium – A decision from the European Court of Justice (ECJ) to annul the External Lending Mandate (ELM) of the European Investment Bank (EIB) has been warmly welcomed by Counter Balance, the Europe-wide campaign coalition advocating systemic reform of the EIB. The ECJ decision of November 6, which applies to the EIB’s lending activities […]

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Counter Balance warns against unconditional role for EIB in Central Asia, launches new website

The day before a European Parliament committee vote on extending the mandate of the European Investment Bank (EIB) to permit it to engage in lending activities in Central Asia, the campaign coalition Counter Balance: Challenging the European Investment Bank has pointed out the human rights, environmental and social risks attached to tasking the EU’s house […]

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