Archive | November, 2010

Europe’s poverty aid programme for bankers and tax havens

By David Hencke on his Blog – Not quite the aid bankers have in mind. Picture courtesy The Guardian When you think of aid to the starving poor in Africa, you think of Oxfam or Christian Aid. You don’t think of wealthy bankers, private equity companies or tax havens. Yet a report out  examining in […]

Read more

Bericht kritisiert Afrika-Engagement der EIB

In epo – Europäische Entwicklungs-Organisationen haben einen neuen Bericht veröffentlicht, der Globaldarlehen und Private Equity Beteiligungen der Europäischen Investitionsbank (EIB) in Afrika nachgegangen ist. Dem Bericht mit dem Titel “Hit and run development” zufolge, der von der NGO-Koalition “Counter Balance” herausgegeben wurde, haben diese Finanzinstrumente Steuerflucht und Korruption gefördert und jedweder Entwicklungslogik widersprochen. Die Europäische […]

Read more

EU aid for Africa ends up in tax havens, watchdog claims

By David Hencke in The Guardian – Claims that hundreds of millions of pounds of EU aid for Africa is being handed over to banks and private equity funds and then funnelled into tax havens Hundreds of millions of pounds of European Union aid to help the poor in Africa is being handed over without […]

Read more

New Counter Balance report “Hit and run development”

The new Counter Balance report ‘Hit and run development – Some things the EIB would rather you didn’t know about its lending practices in Africa, and some things that can no longer be covered up’ reveals how the European Investment Bank’s use of intermediated loans and private equity funds facilitates corruption and tax evasion.

Read more