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Can the EU bank afford a race to the bottom on accountability?

Originally published on Public Finance International. By Xavier Sol, 7 Nov 18 The European Investment Bank should take the opportunity to finally fix serious transparency and governance flaws as it looks to revamp its complaints mechanism, says Counter Balance’s Xavier Sol. Would a school teacher ask her pupils for their approval before grading their tests […]

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Le traitement des plaintes à la BEI fait polémique

Originally published on Agefi.fr Les ONG accusent l’institution de museler le seul mécanisme lui permettant de gérer les griefs des parties tiers. Sur l’ordre du jour de la réunion, le sujet fait l’objet d’une ligne anodine : « Politique révisée relative au mécanisme de traitement des plaintes ». Et pourtant, la question, examinée demain par le conseil […]

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A ”facelift” to the EIB: the EU financial arm needs forward-looking reforms

Originally published on Euractiv. By Xavier Sol | Counter Balance The European Investment Bank (EIB) celebrates this year its 60th anniversary. But the bank, founded in 1958, should now look forward and commit to becoming a more sustainable, accountable and transparent institution, writes Xavier Sol. This opinion piece refers to an open letter written by […]

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EIB must take these 10 actions towards fair taxation

Originally published by CTMfile. 3rd Apr 2018 by Bija Knowles The European Investment Bank (EIB) must clean up its act on fiscal matters and develop a more responsible taxation policy, says a report released today by Counter Balance, a European coalition of development and environmental non-governmental organisations. Xavier Sol, the director of Counter Balance, writes […]

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EU’s Main Lender Still Tied to Tax Havens, Watchdog Warns

Originally published on Bloomberg BNA. April 4, 2018 By Joe Kirwin The European Investment Bank continues to provide loans for development projects that involve companies or financial groups that either use or are based in tax havens, according to a watchdog group. The European Commission blocked EIB projects worth more than $1 billion in 2016 […]

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No more excuses: The EIB needs a responsible policy against tax abuses

Originally published on Euractiv. By Antonio Tricario and Xavier Sol Apr 3, 2018 The European Investment Bank is a public institution and supports projects in the name of EU policies. It is therefore high time for the EU bank to ask for more than what commercial banks do for the sake of justice and broader […]

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EIB needs to commit to responsible taxation policy, NGO coalition says

Originally published on Euractiv. By Claire Stam – Apr 3, 2018 Version française ici. On the second anniversary of the Panama Papers tax scandal, the European coalition of development and environmental non-governmental organisations, Counter Balance, urged the European Investment Bank (EIB) to develop a comprehensive and responsible taxation policy. To back its claim, Counter Balance […]

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TAX HAVENS — EIB UNDER ATTACK

By Bjarke Smith-Meyer Originally published on POLITICO Pro Morning Exchange. Brussels NGO Counter Balance has hit out at the European Investment Bank for signing contracts with private equity funds that are based in tax havens. The NGO launched the attack in a report out today, proposing a list of key recommendations that the EIB should […]

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