Archive | February, 2014

Aarhus and Espoo Conventions in the EBRD’s Draft Environmental and Social Policy (Bankwatch statement)

The EBRD’s current Environmental and Social Policy requires the bank to act in accordance with principles of international law on access to environmental information and participation in decision-making on issues that may have negative transboundary impacts on the environment. The new draft policy, however, transfers responsibility for meeting these commitments from the EBRD to the […]

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The EIB’s double standard for human rights in Ukraine and Egypt

While drawing concrete consequences from the violence that happened in Ukraine, the European Investment Bank seems to be unmindful of the ongoing human rights abuses and killings in Egypt. This blog post by Mika Minio-Paluello was orginally published on Thursday 20 on the Platform blog. Reacting to the bloodshed in Ukraine, the European Investment Bank […]

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EIB suspends operations in Ukraine, EBRD ducks the question

Kiev – The European Investment Bank announced the suspension of all activities in Ukraine yesterday* following the most violent day since protests in this country began. In its turn, the European Bank for Reconstruction and Development declared it would “concentrate on the private sector”**, hardly a meaningful stance considering the close links between government and […]

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EIB commits to review tax haven policy at civil society meeting

During the annual meeting between civil society and the EIB’s Board of Directors, the European Investment Bank committed to review its outdated tax haven policy this year. The commitment which followed a letter from several NGOs expressing such demand, is the most concrete outcome of the meeting which took place on 3rd February in the […]

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GMOs, water grab and ice cream for the masses – the EBRD gets involved with Nestlé Egypt

By Sophie Delaval MENA intern Update: The EBRD clarified in its correspondence with Baby Milk Action that its loan will not be used to finance infant nutrition. The EBRD’s board of directors yesterday approved a USD 20 million loan for the expansion of Nestlé Egypt food production company. Leaving aside the question whether Nestlé – […]

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Carbon Credit 2 – Therapy

Since its foundation, the European Union has increasingly relied on market mechanisms to solve its problems. Initially creating economic interdependence was the main ingredient of its peace project but since the 1970’s market deregulation became the main recipe for practically every problem it faced, from energy crisis over unemployment to budgetary deficits and so on. […]

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The two worlds of EIB climate action

A  Bankwatch analysis of the latest available lending figures from the European Investment Bank show a striking imbalance between what was invested towards climate adaptation and mitigation in old and new EU Member States. This blog was written by Sven Haertig, Bankwatch web editor and originally appeared on the Bankwatch website. After the European Investment […]

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