Archive | Transparency & Accountability RSS feed for this section

Cast the spotlight on financial injustice to tackle rising inequalities, says new report

26 September 2019 As the international community meets at the UN General Assembly to review progress towards the Sustainable Development Goals (SDGs), a new report launched by Citizens for Financial Justice argues that the increased and unregulated growth of the finance industry has been contributing to deepening inequalities across the world.  Spotlight on financial justice […]

Read more

Spotlight on financial justice – understanding global inequalities to overcome financial injustice

Citizens for Financial Justice new report – Spotlight on financial justice: understanding global inequalities to overcome financial injustice – is being released on Thursday 26 September 2019, to coincide with the High Level Dialogue on Financing for Development at the UN. The report was compiled by Citizens for Financial Justice partners and other contributors, coordinated […]

Read more
EIB

European Investment Bank: the EU’s hidden giant

Originally published on the Financial Times. By Rochelle Toplensky and Alex Barker 15 July 2019 06:00 Clearer purpose sought for one the world’s biggest and most peculiar banks Safely hidden in the woods of Luxembourg sits one of the world’s biggest and most peculiar banks.  It issues more bonds than JPMorgan but is not supervised by […]

Read more

EU development finance can play a stronger and better role, say CSOs

July 2019 CEE Bankwatch Network, Concord, Counter Balance and Eurodad submitted a set of recommendations to the High Level Group of Wise Persons on the European financial architecture for development. Below is a summary of the main points. The full version is available here. Over the last few decades, the European financial architecture for development […]

Read more

Human Rights Defenders in EIB-financed projects: a long way to go

From Colombia to Kenya, 25 cases of threats and attacks against human rights defenders reveal how development financiers can fuel abuses or help fight them By Aleksandra Antonowicz-Cyglicka, Bankwatch A new report from the Coalition for Human Rights in Development and the Defenders in Development Campaign reveals the alarming impact ill-planned investments in infrastructure, energy, […]

Read more

Racing against the clock: Kenyan villagers under imminent threat of eviction by project under EU’s bank’s appraisal

Originally published on bankwatch.org Today’s European Development Days forum in Brussels with its aspirational motto ‘building a world which leaves no one behind’ is an ironic backdrop to what is happening in the remote parts of Kenya, where a whole community is facing a threat of forced eviction by a project under appraisal of the […]

Read more

VIDEO: The song of the EIB

On the occasion of the EU elections 2019, Counter Balance and its partners call the citizens’ attention on the bank of the EU – the European Investment Bank (EIB). What does it do? What are the challenges it has gone through so far? What the aspects that need improvement? And what can the citizens do […]

Read more

Development in Reverse – Episode 3: the Nepal Marsygandi Corridor

The European Investment Bank (EIB) is funding the expansion of parts of the Nepal power system. The Marsygandi Corridor, passing over homes, lands forests and community spaces in the Lamjung district, Western Nepal, raises particular concerns about the impact on the local Gurung Indigenous Peoples. Our new infographic explains more.   For further details on […]

Read more

Development in Reverse – Episode 1: Ombudsman bashes EIB for mishandling a mining fiasco

Brussels – In an unprecedented ruling, the European Ombudsman concluded that the European Investment Bank (EIB) mishandled complaints about a major mining project it financed in Madagascar. The Ombudsman ruled maladministration for the EIB massive delays in handling the case and highlighted the poor monitoring on the implementation of the project on the ground. The […]

Read more

Trading away the EU principles in the name of national export interests?

Originally published on Euractiv. By Antonio Tricarico, 20 Nov 2018 MEPs need to follow the lead of the European Ombudsman and force the European Commission to shine the light on the opaque role of national Export Credit Agencies, writes Antonio Tricarico. Antonio Tricarico is programme director of Re:Common, Italy, the NGO coalition monitoring public finance institutions Perhaps […]

Read more