Archive | April, 2010

Counter Balance briefing on the Wise Persons’ Panel report evaluating the external lending mandate of the EIB

Counter Balance admires the extensive analysis that the Wise Persons’ Panel has undertaken of EIB lending activities outside the European Union, and particularly its willingness to begin to address the developmental impacts of that lending. There are many proposals put forward by the panel that can help European development finance begin to aid genuine development—as […]

Read more

EIB Quits Tenke Fungurume Mining Project: It’s Time for Extractives Review

The EIB confirmed today that it will not finance the first phase of the Tenke Fungurume mining project in the Democratic Republic of Congo. The Tenke project, one of the largest copper-cobalt deposits in the world and majority owned by the giant American mining conglomerate Freeport McMoRan, is notorious for lack of transparency and corruption […]

Read more

NGO response to Salini’s misinformation on the “STOP GIBE 3” campaign

Counter Balance, Campagna per la Riforma della Banca Mondiale (CRBM), Friends of Lake Turkana (FoLT) and International Rivers launched a campaign last week to halt the Gibe 3 Dam in Ethiopia ( ). The Gibe 3 project contractor, Salini Costruttori, reacted publishing misleading and highly debatable information in two related press releases dated March 26 […]

Read more