Archive | July, 2012

Banksters Hijack Microfinance

 by Julio Godoy for IPS PARIS, Jul 27 2012 (IPS) – For several decades, microcredit presented itself as a magical and benign financial tool for the poorest people in the world, who were otherwise completely excluded from conventional commercial banking services, to secure easy access to loans in order to set up their own businesses […]

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Tapping the potential of renewables

This paper by our Dutch partner organisation Both Ends provides a preliminary assessment of the energy-lending strategy of the European Investment Bank (EIB) in African countries in terms of their impact on poverty alleviation. The EIB’s portfolio of energy funding to African countries has a strong orientation towards the construction and restoration of hydropower dams […]

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A threatened growth package

Shifting gears from the austerity years, EU leaders recently proposed injecting EUR 120 billion into the European economy. In practice, half of this amount will come in the form of loans from the European Investment Bank (EU member states, EIB’s shareholders recently decided to increase the bank’s capital by EUR 10 billion, which will allow […]

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Banking on Carbon Markets

The evidence for global warming is now widely accepted, and the arguments for urgent action to reduce greenhouse gas emissions have been extensively and convincingly made. The favoured policy approach of cap and trade(or carbon trading) has proved worse than ineffectual. And yet the European Investment Bank (EIB) continues to fund a counter-productive and highly […]

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