December 21, 2011 
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Have you ever wondered where the EIB spends its money on? Just press play and we will show you in less than 2 minutes. We have also a French and a Dutch version available. We also prepared a paper to accompany this video. The paper is based on a fact finding mission to the project, [...]
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December 1, 2011 0 Comments
A new Counter Balance report, “Banking on carbon markets – Why the European Investment Bank has got it wrong in the fight against climate change” [1] reveals that the EIB pledged EUR 589 million for six different carbon funds in which it is active. This is highly controversial as carbon trading does not contribute to [...]
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August 5, 2011 0 Comments
Counter Balance launched an interactive multimedia platform to discuss the role of the EIB in the Global South. Considering its impact in many countries around the world, we believe it is crucial to boost the public debate on role of the Bank. Therefore we established a multimedia forum with audio and video interviews with a [...]
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December 23, 2011 0 Comments
Pictures of the brutal violence perpetrated by the Egyptian army in Tahrir Square in recent days have shown the world who is ruling post-revolutionary Egypt. Although democratic elections are taking place for the first time in the country, a military government will still guide a transition at a minimum for most of 2012 until a [...]
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December 21, 2011 0 Comments
“The EIB has financed a Club Med hotel! In Morocco!” I remember that I thought of it as a silly joke when I first heard the news earlier this year. “I know where I’m going on holiday”, I contemplated, continuing in a silly vein. Yet silliness became a reality shortly after. The EIB was very [...]
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December 8, 2011 0 Comments
‘Carbon Rising’, a study launched today by CEE Bankwatch Network [1] shows that fossil fuel projects account for 38% of the European Investment Bank’s energy lending in countries outside of the EU while only 19% goes to renewable energy projects [2]. “The EIB clearly fails to meet its own priorities of supporting efficient and sustainable [...]
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November 15, 2011 0 Comments
In the first-ever Aid Transparency Index [1] launched today by UK-based campaign group Publish What You Fund, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) score extremely poorly on transparency. “Considering that the EIB is ranked as ‘poor’ and the EBRD as ‘moderate’, European citizens can only guess where [...]
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November 14, 2011 0 Comments
Today Counter Balance is filing a complaint against the European Investment Bank (EIB) at the European Ombudsman [1]. The Complaints Mechanism of the Bank seems unable to function appropriately. Almost two years after a complaint on the Bujagali hydropower project [2] in Uganda, the Complaints Office still did not come to a conclusion, this due [...]
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November 2, 2011 0 Comments
After heavy rains a turbine of the Dos Mares project collapsed on October 16 before it even became operational [1]. A critical report by Counter Balance [2] this spring, among other things, warned for the poor construction of the project. “It is high time for the EIB to thoroughly evaluate this disastrous project it should [...]
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An EIB holiday
New CB report: “EIB’s role in carbon trading distracts attention from real EU climate action”
New multimedia platform to discuss the role of the EIB
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