Bankwatch

Archives for Corporate Europe

The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements. by Xavier Sol, cross-posted from the Counter Balance blog “The European Investment Bank is not a development bank, it is an… » read more

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While the G8 leaders claim they are at war with tax avoidance, their own bank, the European Bank for Reconstruction and Development is involved in deals linked to offshore financial centres. by Anne-Sophie Simpere, cross-posted from the Bankwatch blog Tackling tax avoidance was one of David Cameron’s priorities for the UK-hosted G8 meeting during the… » read more

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A potential cooperation between the European Bank for Reconstruction and Development and the agro-corporation Monsanto has thankfully not come to fruition. The case highlights the difficulties for a large development bank to reach farmers on the ground. posted on the Bankwatch blog by Pippa Gallop, Bankwatch’s research coordinator You may remember that in November 2012… » read more

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For its first loan to ‘Arab Spring’ countries the European Bank for Reconstruction and Development has chosen vehicles and partners whose ability to deliver developmental value is highly uncertain. posted on the Bankwatch blog by Greig Aitken, Bankwatch Mail editor This post is an article from the upcoming Issue 53 of our quarterly newsletter Bankwatch… » read more

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Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks. We have seen a number of cases recently, where clients of the European Investment Bank and the European Bank for Reconstruction and Development have allegedly been involved in serious cases of corruption. (See for… » read more

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Europe’s anti-crisis measures include efforts to increase private investments in public infrastructure. Yet, a backlash against public-private partnerships in Portugal is a warning against putting too much faith in this approach. Many reactions to the solutions proposed by Europe’s political leaders to the deepening and spreading eurozone crisis seem to revolve around two things: scepticism… » read more

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