Tag Archives: infrastructure

Rebuilding the world: the hubris behind the global infrastructure agenda

Originally published on OpenDemocracy By Xavier Sol Infrastructure is not just about bricks and mortar. It is about systematic wealth extraction from local communities, whose territories are permanently reshaped in the name of capital accumulation. This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The […]

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Development in Reverse – Episode 3: the Nepal Marsygandi Corridor

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

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Future EU investment package falls short of climate ambition

Strasbourg/Brussels, 16 January 2019 Today the European Parliament took a disappointing stance on climate when voting to approve the establishment of InvestEU, the EU’s financing tool to attract private investments – say NGO groups CEE Bankwatch Network, Climate Action Network (CAN) Europe, WWF European Policy Office, and Counter Balance.  The approved investment package keeps the […]

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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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Citizens for Financial Justice (EU DEAR)

Counter Balance is part of the EU DEAR project “Citizens for Financial Justice”: Informing and connecting citizens to act together to make the global finance system work better for everybody. Currently the global financial system increases inequality, often fails to create decent jobs, undermines human rights, devastates the environment and is creating debt crises. The […]

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