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

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 […]

Read more

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, […]

Read more

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 […]

Read more

Les contours encore flous d’une banque européenne pour le climat

Originally published on mediapart.fr 23 mai 2019 Par Christophe Gueugneau Emmanuel Macron en a fait la proposition en mars, son parti l’a reprise dans son programme. De même qu’EELV et le PS. Mais tout reste à faire quant à la création d’une banque européenne pour le climat, à commencer par convaincre les partenaires européens. ·  […]

Read more

#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: […]

Read more

Development in reverse, Episode 4: MHP agri-food in Ukraine

In Ukraine, the EIB, together with the EBRD, the IFC and some export credit agencies, is financing the company Myronivsky Hliboproduct Pjsc (MHP), controlling all aspects of the poultry production chain, with an 82 million EUR loan. Being among the three main suppliers of poultry to the EU, the company has virtually grown into a […]

Read more

Les investissements de la BEI à la loupe

Originally published by Mediapart, as part of “La lettre européenne #30″. L’ONG Counter Balance, qui enquête sans relâche sur les investissements de la Banque européenne d’investissement (BEI), a publié un manifeste à la veille des européennes : elle appelle les candidats et futurs eurodéputés à s’engager pour une réforme du fonctionnement de cette institution clé de l’UE, dont […]

Read more