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A tale of reverse development – the Ambatovy mine case

Originally published by OneWorld. June 16, 2017 by Laurence Soustras, Riana Raymonde Randrianarisoa Green shades of the tropical forest surrounding Madagascar’s largest seaport, Tamatave, is all that Google Maps shows. Then there is the vast expanse of the Indian Ocean. But zooming in, some 20 kilometres southwest of the city, you can see it. Satellite […]

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New report: Towards a better model for public development banks

Today the NGO Network Eurodad published the report “Public Development Banks: Towards a better model” which proposes a blueprint for successful public development banks at national, regional and global level. With this blogpost, we highlight some of the issues raised in the report, and how they are relevant for the main institution we are monitoring: […]

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Counter Balance raises NGO concerns on the European Fund for Sustainable Development at EU Parliament hearing

Yesterday, Wednesday 8 March, Counter Balance intervened during a public hearing at the European Parliament where MEPs exchanged views with experts and stakeholders on the European Fund for Sustainable Development (EFSD). Organised by the Parliament Foreign Affairs (AFET), Development (DEVE) and Budgets (BUDG) Committees, the hearing hosted among others representatives from the European Investment Bank […]

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EIB pioneer investment in climate fund turns into a crash dive, according to NGO report

Brussels, 28 Feb Showcased as the ultimate initiative to fight climate change, the European Investment Bank (EIB)’s participation in the Althelia Climate Fund is nothing like the social and environmental success it was described to be – say the NGO Re:Common and Counter Balance in a new report released today. Contributing up to €25m in […]

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New report analyses “corrupt but legal” practices in development finance

Brussels, 9 December 2016 Is corruption defined solely within the boundaries of what is legal? Is the deterioration of our democratic societies limited to officially acknowledged crimes such as bribes, money laundering and fraud? The answer is no, according to Counter Balance’s latest analysis “Corrupt but legal” published today, on the occasion of the International […]

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Here be dragons: How the EU bank’s development finance overlooks people at risk

By Ola Antonowicz-Cyglicka, Development campaigner, Poland, Bankwatcth. Originally published here. The European Investment Bank’s failure in safeguarding the most vulnerable groups shows it is ill-equipped to help refugees and host communities in the European Union’s neighbourhood. A new report explains the bank’s weaknesses in identifying and responding to human rights risks. According to a European […]

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Report: Going abroad – A critique of the EIB’s External Lending Mandate

November 16, 2016 Brussels, Prague The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond the its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house […]

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Lost in transition: Far-reaching changes needed as European bank marks 25 years

On April 15, the European Bank for Reconstruction and Development (EBRD) will be marking its 25th anniversary. Reflecting on two decades of monitoring the EBRD’s policies and projects, a new report from CEE Bankwatch Network raises concerns about a growing gap between the bank’s operations and its mandate. The full report Lost in Transition: 25 […]

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A High Risk Global Infrastructure Agenda: the Role of Multilateral Development Banks

Last but not least, the third of our series of papers on infrastructure megaprojects focuses on Multilateral Development Banks (MDBs) and their role in supporting the new global infrastructure agenda. As vast expenditures in infrastructure megaprojects are increasingly justified as a means to enhance the life of communities and stimulate economies, Multilateral Development Banks together […]

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A Growing Threat on Debt: the New Global Infrastructure Agenda

Here’s the second of our analysis papers on the new global infrastructure agenda, this time focusing on the debt risks linked to the current promotion of mega-corridors of large-scale infrastructure projects.   As the world economic crisis of 2008 pushed leaders to find renewed recipes for growth, jobs and prosperity, large infrastructure projects appeared as […]

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