Archive | June, 2011

Arab activists criticise conditions attached to western aid

By Marc Tran for The Guardian As Egypt rejects IMF loan, Arab NGO network says liberalisation advocated in aid packages poses threat to economic and social justice demands made during recent uprisings Arab activists say liberalisation of trade, investment and deregulation advocated by the US and the EU as part of their aid packages had […]

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Civil Society Groups in the Arab region say Western financial aid plan could divert the Revolutions’ Economic and Social Justice Goals

Press Release by Arab NGO Network for Development[1] and Counter Balance Beirut/Brussels – In a joint statement a group of 67 civil society organizations from across 12 Arab countries are raising concerns about the EU and US backed financial aid packages for post-revolutionary countries in their region on the grounds that it could damage the […]

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A footprint tainted by a lack of accountability

appeared in the European Voice The EU should apply tight standards in the mining sector. In your special report on Europe’s environmental footprint, you looked at two ways in which Europe’s footprint affects developing countries – waste and deforestation – and at some specific methods that the EU is advocating, such as a ban on […]

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The Mopani and Glencore case – an overview

The EIB’s lending to Glencore’s subsidiary Mopani Copper Mine (MCM) in Zambia has been controversial since Counter Balance launched the report ‘Mopani copper mine, Zambia- How European development money has fed a mining scandal’ which conluded that the Mopani copper mine’s contributions to Zambia’s economy and budget are inexistent, the mining company’s social policy is […]

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EIB bans Glencore after pressure from CSOs, the press and the European Parliament

Yesterday the European Investment Bank (EIB) announced that it will not finance projects of the world largest commodity trader Glencore until an internal investigation has thrown light on the heavy accusations against the Swiss multinational. Les Amis de la Terre, SHERPA and Counter Balance welcome this decision but ask the Bank to adopt more stringent […]

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