refugees

Going abroad - a critique of the European Investment Bank's External Lending Mandate

Study | November 18, 2016

This report analyses how and if the European Investment Bank (EIB) is fulfilling its development role under the so-called External Lending Mandate (ELM) for the period 2014-2020. It sheds light on the more questionable quality and effectiveness of EIB operations and on the neglected areas of the bank’s performance outside Europe, such as transparency and access to information practices, its attitude towardstax evasion and tax dodging, human rights due diligence.

Institution: EIB

Theme: Social & economic impacts, Development

The EU bank's dubious overseas development experience shows it cannot be a key player in Europe's response to the plight of refugees - report

November 18, 2016

The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house bank has been financing outside Europe to find a dismal track record on a range of issues from transparency to human rights. This, the report authors say, should serve as a warning sign for the European Parliament and Council as they consider boosting the bank’s mandate.

Institution: EIB

Theme: Social & economic impacts, Development

Tags: democracy, development, freedom of speech, human rights, refugees, transparency, EU neighbourhood, Global South

Here be dragons: How the EU bank's development finance overlooks people at risk

The European Investment Bank’s failure in safeguarding the most vulnerable groups in its projects shows it is ill-equipped to help refugees and host communities in the European Union’s neighbourhood. A new report explains the bank’s weaknesses in identifying and responding to human rights risks.

Tags: civil society democracy development human rights overseas investments participation refugees safeguards transparency EU neighbourhood Global South