Tag Archives: finance

British managers of EIB-funded Kenyan firm accused of fraud, bribery and “highly questionable business practices”

The European Investment Bank was warned by whistle blowers in 2015 of the alleged corruption and mismanagement by Spencon’s ECP Africa-appointed managers.

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EIB Roundtable Report: State of Play and Future Challenges

DOWNLOAD THE FULL REPORT BELOW This summary report of this roundtable is provided by the organizer Counter Balance. The opinions ex-pressed in this report are those of the authors and do not necessarily reflect the views of all participants in the roundtable. On March 3rd, 2020, 65 participants joined the roundtable on the State of […]

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Green Deal vs fossil gas: Supporting Croatia LNG, a case of EU hypocrisy

The new decade just started with the approval of the European Green Deal and its €1 trillion plan to finance the transition to a low-carbon economy in Europe during the next ten years. It’s a historic step that follows the approval of an ambitious policy at the European Investment Bank (EIB) just a few months […]

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Cast the spotlight on financial injustice to tackle rising inequalities, says new report

26 September 2019 As the international community meets at the UN General Assembly to review progress towards the Sustainable Development Goals (SDGs), a new report launched by Citizens for Financial Justice argues that the increased and unregulated growth of the finance industry has been contributing to deepening inequalities across the world.  Spotlight on financial justice […]

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EU development finance can play a stronger and better role, say CSOs

July 2019 CEE Bankwatch Network, Concord, Counter Balance and Eurodad submitted a set of recommendations to the High Level Group of Wise Persons on the European financial architecture for development. Below is a summary of the main points. The full version is available here. Over the last few decades, the European financial architecture for development […]

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