Archive | November, 2017

EU’s Africa plan must put aid goals front and centre

Originally published on Public Finance International. By: Xavier Sol 30 Nov 17 Development objectives need to come first in the EU’s new External Investment Plan and be backed by high levels of transparency, says Xavier Sol of Counter Balance European Union leaders this week met their African counterparts in Abidjan, Cote d’Ivoire, for the fifth […]

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EU commission urged bank to support Azerbaijan gas pipeline

Originally published on Climate Home. 27/11/2017 Letter from top officials to the president of the EIB said Europe’s commitment to the pipeline ‘must not wane’ and called for publicly-backed loans By Karl Mathiesen Top European officials intervened in European Investment Bank (EIB) deliberations over a public loan to a huge pipeline project that will carry natural […]

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Between TAP and a hard place – Albanian farmers receive peanuts after losing land and livelihoods to gas pipeline

Originally published by Bankwatch. Interviews in Albania revealed a barrage of complaints about how the Trans-Adriatic Pipeline has been treating farmers affected by the mega gas project that may soon receive a record loan from the European Investment Bank. Sven Haertig-Tokarz, Web editor  |  30 November 2017 The full report from the fact-finding mission is available for […]

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New EU External Investment Plan risks sidelining development objectives

29.11.2017 Brussels/Abidjan As EU leaders meet their African counterparts in Abidjan for the 5th European Union/African Union summit, the European External Investment Plan (EIP) is in the spotlight. It is portrayed as the perfect recipe for the EU to combine development aid with  migration control and economic interests. But such a plan risks deviating from […]

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European Bank Threatens Step Backwards on Accountability

By Nezir Sinani, from Bank Information Center Europe. Originally published by Huffington Post US. Do you know which international financial institution (IFI) lends the most money? If you guessed the World Bank, you are wrong. You’ll find the answer in Luxembourg —- it’s the European Investment Bank (EIB). All of the existing IFIs have an […]

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True or False: The European External Investment Plan

On 14 September 2016 the European Commission proposed an External Investment Plan (EIP) ‘to encourage investment in our partner countries in Africa and the EU Neighbourhood region, to strengthen its partnerships and contribute to achieve the Sustainable Development Goals, helping to address some root causes of migration’. The True or False factsheet answers important questions […]

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Despite Commission promise, new list of energy infrastructure ‘projects of common interest’ prioritises climate-wrecking fossil gas

November 24th, 2017 350.org, Corporate Europe Observatory, Counter Balance, PowerShift, Gastivists, Justice and Environment, Food & Water Europe BRUSSELS —Today, the European Commission presented its third “Projects of Common Interest” (PCI) list composed of energy infrastructure projects. It contains around 90 gas infrastructure projects. This is even more than the list of 2015 and directly contradicts […]

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Digging for Credibility

Originally published on Public Finance International (October 2017 issue).

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EU bank accused of muzzling watchdog

19 September 2017 By Jean Comte, originally published on EU Observer.    

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TANAP LOAN PROPOSALS UNDER FIRE

15 September 2017 By Kalina Oroschakoff | @MaKaOro | With thanks to Marion Solletty and Sara Stefanini. Originally published on POLITICO Pro Morning Energy and Environment. NGOs are stepping up their protests against the Southern Gas Corridor after the ‘Azerbaijani Laundromat’ money laundering scandal broke earlier this month. The European Investment Bank’s (EIB’s) board is […]

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