Tag Archives: transparency

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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Digging for Credibility

Originally published on Public Finance International (October 2017 issue).

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TANAP LOAN PROPOSALS UNDER FIRE

15 September 2017 By Kalina Oroschakoff | @MaKaOro | With thanks to Marion Solletty and Sara Stefanini. Originally published on POLITICO Pro Morning Energy and Environment. NGOs are stepping up their protests against the Southern Gas Corridor after the ‘Azerbaijani Laundromat’ money laundering scandal broke earlier this month. The European Investment Bank’s (EIB’s) board is […]

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Southern Gas Corridor is the missing piece of Azerbaijani Laundromat puzzle

6 September 2017 Letter published on the Guardian by Sarah Shoraka Platform, Elena Gerebizza Re:Common, Xavier Sol Counter Balance, Anna Roggenbuck Bankwatch The Azerbaijani regime wants to present a positive image in Europe because it needs support for its flagship project, write four campaigners The Guardian’s Azerbaijani Laundromat investigation (UK at heart of $3bn secret […]

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New report exposes the lobbying power of the gas industry promoting the Southern Gas Corridor

Heavy lobbying from the gas industry could see us locked into fossil fuels for another 40-50 years. Rather than focusing on renewable energy and reducing demand, the EU and its governments want to build a new generation of pipelines and other gas infrastructure. The Southern Gas Corridor is an emblematic project supported by the industry […]

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Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change

October 18, 2017 Prague, Brussels A USD 500 million loan approved today by the European Bank for Reconstruction and Development (EBRD) for the construction of the Trans Anatolian Pipeline (TANAP) would enable this massive fossil fuels project while overlooking the continued repression of civil society and media in both Azerbaijan and Turkey. Traversing Turkey, from […]

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