Tag Archives: transparency

Report exposes how PPPs across the world drain the public purse, and fail to deliver in the public interest

From the complete failure of the Castor Project in Spain, to an overpriced hospital in Sweden, projects financed by the European Investment Bank (EIB) make no exception to the list of PPP disasters compiled in this new joint report. Brussels/Bali, 8 October 2018 History RePPPeated: How public private partnerships are failing, launched on the occasion […]

Read more

A ”facelift” to the EIB: the EU financial arm needs forward-looking reforms

Originally published on Euractiv. By Xavier Sol | Counter Balance The European Investment Bank (EIB) celebrates this year its 60th anniversary. But the bank, founded in 1958, should now look forward and commit to becoming a more sustainable, accountable and transparent institution, writes Xavier Sol. This opinion piece refers to an open letter written by […]

Read more

EIB 60th Anniversary: bank Governors called to act on key reforms in NGO open letter

For the 60 Anniversary of the European Investment Bank (EIB), a group of 21 European NGOs sent a letter to the Governors of the bank who are meeting in Luxembourg on 22 June 2018. This open letter highlight key challenges for the EIB in the context of the negotiations over the next EU budget and the […]

Read more

European Ombudsman requests more lending transparency from European Investment Bank

Brussels, 24 May 2018 The European Ombudsman has asked the European Investment Bank (EIB) to increase transparency in its lending activities. A group of NGOs has welcomed the decision, published yesterday, but regrets the weak language used, which only makes suggestions and encourages the Bank to adopt certain levels of transparency. The decision was adopted […]

Read more

Citizens for Financial Justice (EU DEAR)

Counter Balance is part of the EU DEAR project “Citizens for Financial Justice”: Informing and connecting citizens to act together to make the global finance system work better for everybody. Currently the global financial system increases inequality, often fails to create decent jobs, undermines human rights, devastates the environment and is creating debt crises. The […]

Read more