Tag Archives: report

New Counter Balance report “Hit and run development”

The new Counter Balance report ‘Hit and run development – Some things the EIB would rather you didn’t know about its lending practices in Africa, and some things that can no longer be covered up’ reveals how the European Investment Bank’s use of intermediated loans and private equity funds facilitates corruption and tax evasion.

Read more
conrad-nightmare cover

RDC Grand Inga Dam is Conrad’s Nightmare – The World’s Biggest Dam and Development’s Heart of Darkness

“Under the guise of bringing power to poor Africans, development banks are looking to put tens of billions of public money into a flight of fantasy that would only benefit huge Western multinationals and quite possibly feed African energy into European households,” said Anders Lustgarten, Counter Balance /Bretton Woods Project (UK), which scrutinises the World Bank and IMF.

Read more