Archive | November, 2011

La BEI fait l’Arlésienne avec les ONG

By Marie Herbet for Euractiv.fr Plusieurs organisations, dont la fédération d’ONG Counter Balance, ont décidé de saisir le médiateur européen. Elles s’estiment menées en bateau par la Banque européenne d’investissement, qui n’a toujours pas donné suite à leur plainte déposée deux ans plus tôt à l’encontre d’un projet hydroélectrique controversé en Ouganda. C’est un projet […]

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Report reveals bank transparency issues

 By Aaron Schips in New Europe On 15 November, the first-ever Aid Transparency Index was released by the UK based group Publish What You Fund. The index evaluated 58 major actors in the international financial institutions sector, and the results found did not reflect well on European banks. Two of Europe’s largest banking institutions, the […]

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European public banks fail on transparency

In the first-ever Aid Transparency Index [1] launched today by UK-based campaign group Publish What You Fund, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) score extremely poorly on transparency. “Considering that the EIB is ranked as ‘poor’ and the EBRD as ‘moderate’, European citizens can only guess where […]

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EIB Complaints Mechanism is empty box

Today Counter Balance is filing a complaint against the European Investment Bank (EIB) at the European Ombudsman [1]. The Complaints Mechanism of the Bank seems unable to function appropriately. Almost two years after a complaint on the Bujagali hydropower project [2] in Uganda, the Complaints Office still did not come to a conclusion, this due […]

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Complaint against the European Investment Bank for maladministration

  The European Ombudsman 1 Avenue du Président Robert Schuman CS 30403 FR-67001 Strasbourg Cedex France   14 November 2011 Subject : Complaint against the European Investment Bank for maladministration Dear Sir, On 2 December 2009, CRBM,  NAPE, Counter Balance, Sherpa, CLAI, as well as individual citizens of Uganda (“the Plaintiffs“) filed a complaint through […]

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Quand GDF Suez construit des centrales hydroélectriques… avec du plastique

By Agnès Rousseaux for Basta Une turbine s’est effondrée dans la centrale hydraulique Dos Mares au Panama, appartenant au groupe GDF-Suez. La multinationale avait pourtant bénéficié d’un prêt de 220 millions de dollars de la Banque européenne d’investissement (BEI) pour son projet qui visiblement n’est pas fiable. On se demande à quoi l’argent a servi… […]

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The plant that collapsed - Prudencia - is the biggest one of the three plants of Dos Mares

EIB financed hydroelectric plant collapses in Panama

After heavy rains a turbine of the Dos Mares project collapsed on October 16 before it even became operational [1]. A critical report by Counter Balance [2] this spring, among other things, warned for the poor construction of the project.  “It is high time for the EIB to thoroughly evaluate this disastrous project it should […]

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