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Gaining control – an MEP toolkit to get the EIB on track

Counter Balance’s new guide for MEPs aims at having parliamentarians monitor the European Investment Bank more closely. The ‘EU Bank’ is the biggest public bank in the world. Last year it spent EUR 65 billion and it is at the heart of investment plans designed at EU level. The bigger the EIB grows, the more […]

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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 […]

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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 […]

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EIB must stop funding fossil fuels, say 70 civil society groups

Brussels, 13 June 2019 Ahead of a meeting of the EU bank’s Governors in Luxembourg on Friday, 70 civil society organisations, think tanks and academics across Europe call for a fossil-free European Investment Bank (EIB) in a joint statement released today On June 14th, the EU Finance Ministers will gather in Luxembourg(1) as Governors of […]

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EU leaders keep saying climate is a priority. Here’s something they can do

Originally published on Climate Home News The European Investment Bank is the world’s largest multilateral lender and it keeps funding fossil fuels. Next week EU finance ministers can change that By Xavier Sol and Adriana Paradiso Fixing our climate is one of the biggest challenges our politicians will have to face in the years to come, […]

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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

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, and other development activities are having on the safety and wellbeing of human rights defenders around the world. Uncalculated Risks contains 25 case studies highlighting the grave dangers faced […]

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#EP2019: Will you stand up for financial justice?

The objectives of the European Union are being diverted from its foundations as a union for peace and solidarity, towards servicing the interests of the financial elite. As part of the Citizens for Financial Justice network, we’re calling on European election candidates to stand up for financial justice and pledge to put people before profit: […]

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First overhaul the investment bank for a greener EU

Originally published on EU Observer. By Adriana Paradiso In a few weeks, as European citizens we will be called to elect our new representatives at the European Parliament. This democratic choice will be essential to make sure they push on our behalf to shape the kind of Europe we want to live in. And an […]

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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 […]

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Counter Balance submits its contribution for the EIB Energy Lending Policy

As part of the public consultation opened by the EIB, the Counter Balance coalition, together with Focus Association for Sustainable Development – Slovenia, submitted its contribution to the bank’s Energy Lending Policy review. Read the submission here.

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