Tag Archives: elm

Ensuring a development focus in the European Investment Bank (EIB) and EU blending mechanisms

New methods of funding EU development policies were debated last Thursday at a joint Counter Balance, Eurodad and Alop event at the European Parliament. Officials from the EU institutions, CSOs and specialists in the field of finance came together to discuss emerging tools for development finance and assess whether they are fit for purpose to […]

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Roundtable: the EU development agenda

Counter Balance, Eurodad, ALOP and MEP Ivailo Kalfin would like to invite you to the roundtable The EU development agenda: The external lending mandate of the European Investment Bank and the rise of blending mechanisms   Thursday 7 November 2013, 12:00-15:00 Room ASP 5G 305 European Parliament, Brussels As negotiations on the next external lending […]

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The EIB loan to BNDES: Learning lessons for the next external mandate of the Bank

In a previous article, Counter Balance raised awareness about a loan of 500 million Euros from the European Investment Bank to the Brazilian development bank BNDES and the uncertainties related to it. We have now gathered more precisions about the status of this loan – not a single euro has been spent – and the […]

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Briefing on the External Lending Mandate of the EIB

The European Parliament is preparing the EIB’s new external lending mandate. The mandate will enter into force in 2014 and will guide the bank’s activities outside the European until 2021. Read our assessment of this strategic document.

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The EIB and development, a chance to clean up the bank’s act

The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements. “The European Investment Bank is not a development bank, it is an investment bank designed to support EU policies, including external […]

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Parliament’s vote on EIB’s external lending gives contradicting signals

On February 17th, the European Parliament voted on the conditions for the European Investment Bank (EIB) to lend outside the European Union until the end of the current framework (2007-2013)*. With a vast majority the Parliament called for transforming the EIB into a more democratic, transparent and accountable institution but at the same time it […]

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source: European Parliament

A vote for development

On Thursday the European Parliament votes for the first time on the reviewed mandate of the European Investment Bank (EIB) to lend outside of the EU. The EIB lends EUR 10 billion outside of the EU, but its last mandate to do so was struck down by the European Court of Justice, in part because […]

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Desperately Seeking … Poverty Eradication, Environmental Protection and Sustainable Development! November 18-19 Conference Conclusions

28 December 2009 Why major reforms are needed in the new EIB external lending mandate. “Major structural reforms needed,” concludes civil society after Counter Balance’s 2-day  November conference in Brussels on the European Investment Bank and its role in development. Civil society was invited to the European Parliament on November 19, 2009, to present its […]

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MEP’s vote for increased transparency and accountability of the European Investment Bank in its loans to developing countries

The Counter Balance coalition, a coalition of environmental and development non governmental organisations, informs you of an important debate and vote to take place at the European Parliament(debat on March 24th, vote on March 25th) . The European Investment Bank (EIB) might be the most important public lender in the world. After all, it approved […]

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