Tag Archives: accountability

Our Activity Report 2018

Our 2018 activities, successes and future challenges in a short booklet.

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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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Parliament demands EIB to up its game on climate and human rights

Brussels, Strasbourg, 17/1/2019 Today, the European Parliament approved two reports (see here and here) on the activities of the financial arm of the EU – the European Investment Bank (EIB). The two reports differ on some aspects – the one led by a far-right political group being less critical than the Budgetary Control committee’s – […]

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How the ‘EU’s Bank’ fails to raise the bar on accountability

Originally published on EU Observer. By Xavier Sol As the financial arm of the European Union, the European Investment Bank (EIB) likes to call itself the “EU Bank” and to publicly praise its environmental and social standards in comparison to other investment banks. Nevertheless, over the last years, a dangerous setback on accountability and transparency […]

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EIB to weaken accountability mechanism, despite civil society criticism

Brussels, 13 November 2018 In a step backwards for the EU bank’s transparency and accountability, the Board of Directors of the European Investment Bank (EIB) has approved a controversial new policy for its Complaints Mechanism, a move that will take the bank further away from the communities affected by its operations – say NGOs. The decision […]

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Can the EU bank afford a race to the bottom on accountability?

Originally published on Public Finance International. By Xavier Sol, 7 Nov 18 The European Investment Bank should take the opportunity to finally fix serious transparency and governance flaws as it looks to revamp its complaints mechanism, says Counter Balance’s Xavier Sol. Would a school teacher ask her pupils for their approval before grading their tests […]

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Le traitement des plaintes à la BEI fait polémique

Originally published on Agefi.fr Les ONG accusent l’institution de museler le seul mécanisme lui permettant de gérer les griefs des parties tiers. Sur l’ordre du jour de la réunion, le sujet fait l’objet d’une ligne anodine : « Politique révisée relative au mécanisme de traitement des plaintes ». Et pourtant, la question, examinée demain par le conseil […]

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In Kenya, a motorway funded by the European Investment Bank runs over roadside dwellers

Children dropping out of school, trees cut, people living in fear of another wave of forced evictions – the European Investment Bank’s (EIB) project reveals the critical absence of human rights safeguards in the EU’s overseas development financing. By Aleksandra Antonowicz-Cyglicka. Originally published on bankwatch.org The nearly 1 000 km route connecting Mombasa and Lake Victoria […]

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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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