Archive | January, 2011

Reviewed EIB tax haven policy not effective

On December 15th, 2010 the European Investment Bank made public its ‘policy towards weakly regulated, non-transparent and uncooperative jurisdictions’ which is a revision of its former policy on tax havens. Although the Bank’s policy goes further than other IFI’s policies, it still contains a number of unacceptable loopholes and more importantly it won’t prevent European […]

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Why the new EIB tax haven policy will not be effective

Since the outbreak of the financial crisis in autumn 2008, the fight against tax havens has been a hot issue, and growing direct street level protests against major corporations and their deft use of these secrecy jurisdictions suggests that things are only getting hotter. Because in spite of commitments taken by different world leaders and […]

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Counter Balance critique on the new version of the “EIB policy towards weakly regulated, non-transparent and uncooperative jurisdictions”

On December 15th, 2010 the European Investment Bank made public its ‘policy towards weakly regulated, non-transparent and uncooperative jurisdictions’ which is a revision of its former policy on tax havens. Although the Bank’s policy goes further than other IFI’s policies; it still contains a number of unacceptable loopholes and more importantly it won’t prevent European […]

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Drawing lessons from the European Investment Bank’s external lending: supporting private sector development, undermining local communities’ development

With regards to the European Commission’s public consultation process Counter Balance has submitted its considerations on the Green Paper on “EU development policy in support of  inclusive growth and sustainable development: Improving the impact of EU development policy”. Our major concern is the overall focus on the private sector involvement as an engine for inclusive […]

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The EIB complaints mechanism policy: only a green washing machine

The European Investment Bank (EIB) disbursed an additional EUR 40 million for the Bujagali dam in Uganda while complaints from the local communities are still waiting for a response. The dam is controversial because of its social and environmental impact. “By neglecting its own complaint mechanism, the EIB proves that its policy is nothing more […]

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Glencore: comment une multinationale pille l’Afrique avec la complicité de l’Europe

Par Agnès Rousseaux in Basta – Mise en danger de la population, dégradation de l’environnement, pillage des ressources minières, évasion fiscale et transferts douteux via des paradis fiscaux… tel est le bilan en Zambie de la multinationale suisse Glencore. Avec la bénédiction de la Banque européenne d’investissement, qui finance ses activités. Comment l’Europe et la […]

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