Archive | August, 2014

Glencore report: European Investment Bank must drag its secrets into the light

Reasons given by the bank for refusing to publish findings of an investigation into alleged tax evasion remain unconvincing By Rachel Baird, originally appeared in the Guardian When commodities giant Glencore publishes its half-yearly report on Wednesday, it is unlikely to mention what may be a significant victory for the firm. This relates to an […]

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Stuck in the market? 25 years since the fall of the Berlin Wall: what now for the EBRD?

Harsh, embedded economic realities such as widespread, high unemployment across central and eastern Europe, as well as the discernible trend of democratic retrenchment in several EBRD recipient countries, are resulting in very mixed feelings about the transition process in this year of important anniversaries. This new analysis of how the EBRD conducts its financing and […]

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Azerbaijan political prisoners list published with report’s authors on it

London — Human rights activists in Azerbaijan published yesterday a list of 98 people (1) who are currently political prisoners in the country run by the authoritarian regime of Ilham Aliyev. Ironically, the list includes the names of two of its authors, prominent rights activists Rasul Jafarov and Leyla Yunus, who were arrested under false […]

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Can the EIB lead the European economy out of crisis by championing EU climate policy?

From Bankwatch Mail The European Investment Bank, the biggest multilateral public bank in the world by lending volume and the self-styled ‘EU bank’, has recently announced that it will be reviewing its approach to climate change in the coming months. According to comments made by EIB vice-president Philippe de Fontaine Vive to civil society representatives, […]

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The Euro-Caspian Mega Pipeline – another ‘Blair rich project’

From Bankwatch Mail The hiring of former British prime minister Tony Blair to advise a BP-led consortium pushing forward with plans to pump Caspian gas from Azerbaijan to Europe has bumped the ‘Euro-Caspian Mega Pipeline’ (ECMP) into western media coverage and lead to criticism of yet another unsavoury Blair consultancy. While the gas pipeline infrastructure […]

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Glencore-Zambia Tax Evasion Row Shows European Investment Bank Needs to Reform

By Finbarr Bermingham, originally appeared in the International Business Times An ongoing row regarding an almost decade-old loan in Zambia has raised real issues over Europe’s multilateral financial architecture. The European Investment Bank, an EU member state-owned lender, has come under fire from a coalition of NGOs for failing to disclose the results of its […]

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