Archive | January, 2016

NGOs call the EIB Board of Directors for action

On 1 February, the European Investment Bank (EIB) will host in Luxembourg the annual seminar between the bank’s directors and civil society. The Counter Balance coalition, jointly with its NGO partners, will present to the EIB Directors three policy briefings highlighting the most urgent issues the EIB should tackle in 2016. In particular, we call […]

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New Commission’s tax package calls on the EIB to go further in fighting tax havens

The European Commission came up today with an anti-tax avoidance package aiming at clamping down tax dodging. The package makes it clear that the European Union needs to clean up its act on tax havens, starting from its own financial arm – the European Investment Bank (EIB).   The communication External Strategy for Effective Taxation […]

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NGOs urge the European Investment Bank not to finance the Southern Gas Corridor

A group of 27 NGOs sent an open letter to the President of the European Investment Bank (EIB) today urging the Bank not to finance the Southern Gas Corridor, a 3500 kilometres-long chain of gas pipelines from Azerbaijan to Europe. As the EIB considers granting the biggest loan of its history to the Consortium in […]

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Glass Half Full? The State of Accountability in Development Finance

New research report finds development banks do not provide adequate remedy for people affected by their projects Download the full report and its annexes – including the annex on the European Investment Bank. Civil society calls on development banks to strengthen their systems to protect those harmed by the activities they finance. Counter Balance is […]

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What happens when the EU bank’s directors meet?

For the first time, Counter Balance managed to access the minutes of a meeting of the Board of Directors of the European Investment Bank, the EU’s house bank. As a matter of public interest, we are publishing those minutes here: EIB Board of Directors Meeting Feb 2015. The EIB directors, representing the shareholders of the […]

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High Stakes for the EU bank in 2016

President of the European Investment Bank (EIB) Werner Hoyer will present the results of the bank’s operations in 2015 today (14 January). 2016 will be a crucial year for the bank in fulfilling its EU objectives, writes Xavier Sol. This article originally appeared on Euractiv, titled ”EIB transparency a prerequisite for good governance”. Since its creation […]

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Hoe de EU geld verdient aan ‘ontwikkelingshulp’

De Europese Unie presenteert zichzelf graag als een grote, belangrijke leverancier van ontwikkelingshulp. Ik dook in de budgetten en zag: Europa investeert miljarden in infrastructuur en noemt dat dan ontwikkelingshulp. Deel 2 van een tweeluik. By Sarah Haaij, originally published on De Correspondent Met 200 kilometer per uur schiet het eentonige Turkse landschap van uitgestrekte […]

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