Outsourcing accountability? The EIB’s failure to enforce environmental information disclosure in its intermediated loans

The European Investment Bank is known to have provided over EUR 22 million for the construction of at least 19 small and mini hydropower plants through financial intermediaries in Bosnia and Herzegovina, Croatia, Macedonia and Serbia between 2010 and 2014.2 However, the public has in most cases no idea which ones, thus creating a major hole in the bank’s accountability.