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The EIB flying in the face of climate breakdown

As our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”,  demonstrates, the promises to align with the goals of the Paris Agreement and the planned ban on fossil fuels are not the end of the road for the EIB. Indeed, the EIB is still a long way from becoming the “EU […]

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The Juncker Plan and the promotion of Public Private Partnerships: lessons learnt for future economic recovery measures?

In the context of the Covid-19 crisis, this question holds a significant importance, as there are vivid discussions taking place around the public provision of essential public services and risks linked to privatisations. And looking back into how EU public finance has performed in the recent past is an important exercise for mistakes not to be repeated in future economic recovery plans at European level […]

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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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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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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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Development in Reverse – Episode 3: the Nepal Marsyangdi Corridor

The European Investment Bank (EIB) is funding the expansion of parts of the Nepal power system. The Marsyangdi 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 the […]

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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 […]

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Report exposes how PPPs across the world drain the public purse, and fail to deliver in the public interest

From the complete failure of the Castor Project in Spain, to an overpriced hospital in Sweden, projects financed by the European Investment Bank (EIB) make no exception to the list of PPP disasters compiled in this new joint report. Brussels/Bali, 8 October 2018 History RePPPeated: How public private partnerships are failing, launched on the occasion […]

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The European Parliament resolution urges European financial institution to respect indigenous peoples rights

Celebrate the rights of those 5 per cent who hold 80 per cent of the planet’s biodiversity. Today is the International Day of the World’s Indigenous People. Originally published by Bankwatch. The European Parliament resolution of 3 July 2018 on violation of the rights of indigenous peoples in the world, including land grabbing recognises the “central role” […]

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Public Infrastructure in Southeast Europe – in whose interest?

A group of 10 NGOs from 7 countries forming the “Balkan Monitoring Public Finances“ project published today a study and policy briefing examining trends in public infrastructure projects in southeast Europe, including the role of the EU and financing institutions. The study includes several case studies of controversial projects financed by the European Investment Bank […]

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