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Guest post: Throwing evidence to the wind? The World Bank continues pushing PPPs

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Although World Bank research and documents acknowledge the limitations of public-private partnerships the bank continues to push PPPs despite concerns.


Financing the post-2015 agenda - the problematic role of development banks

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The heavy involvement of international financial institutions in the post-2015 development agenda raises serious questions for civil society around the world on whether the SDGs will manage to address the root causes of inequality, poverty and environmental degradation.


EIB board approves climate lending strategy, greens say it's full of holes

Source: Ben Garside, Carbon Pulse

The board of the European Investment Bank (EIB) on Tuesday approved a new climate lending strategy, which held the climate-focused portion of the bank’s total lending at 25% but aims to take climate considerations into account in all disbursements and focus on projects with more impact.

CSOs key points for the forthcoming EIB climate policy

In this letter to EIB, civil society organisations point out that the EIB's forthcoming climate policy cannot only be limited to repackaging previous climate commitments or solely focusing on technical incremental changes. In the framework of the new EU 2030 climate and energy targets and the forthcoming international climate conference in Paris, ambitious new policy commitments are indispensable to make the EIB credible.

Development finance takes centre stage in Riga

In June, Latvian Green Movement co-organised the high-profile Riga International Roundtable Financing for Development: Role of EU Member States. Participants included policy makers, journalists, representatives of development finance institutions and civil society and academics.

At the event, countries’ positions on and alternative solutions to development finance were complemented by a view on successes and challenges of development finance so far.

Transforming development finance? Europe's multilateral lenders fail on aid transparency

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The recently published 2015 Aid Transparency Review concludes that the European Union is off track from meeting its aid transparency commitments. Europe’s two multilateral development banks are indicative of the altogether rather disappointing outcome.


Tax dodging, development and European public banks

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A new report highlights how the weak taxation policy of the European Investment Bank is undermining its ability to serve public interest in Europe and the Global South at a time when the use of tax haven is exposed as one of the most important barriers to development.


"Fight tax havens, start with the European Investment Bank", argues new report

Counter Balance & Re:Common press release

The European Investment Bank (EIB) was the first Development Financial Institution (DFI) to adopt a tax haven policy in 2009. However, more than five years on EIB money still runs via tax havens. A new report by Counter Balance and Re:Common* ‘Towards a Responsible Taxation Policy for the EIB’ which is launched today calls on the EU’s public bank to grasp the political momentum at EU level to prevent any public money from flowing through tax havens. Country by country reporting, identification of beneficial ownership and a workable list of non-compliant jurisdictions would be key ingredients of a real “Responsible Taxation Policy”.

Development Banks Urged to Review Support for Mekong Dams, 10 Years After Nam Theun 2

Amsterdam/Bangkok/Manila/Prague/Tokyo - Non-governmental organizations are calling on the World Bank, Asian Development Bank (ADB) and European Investment Bank (EIB) to publicly acknowledge the millions of dollars of failed investment in their flagship project, Nam Theun 2. This 1070 MW dam has failed to bring intended development benefits, and instead has unleashed a range of negative impacts on the affected populations in central Laos.

Exhibition brings coal-affected communities in Colombia and Croatia a step closer together

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A photo exhibition in Croatia is connecting the dots between communities in Colombia and the Istrian coast that are negatively affected by coal.


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