Bankwatch

Archives for European Investment Bank

Documents obtained by Bankwatch provide more details for a European Investment Bank statement that its loans to Volkswagen may have been connected to the car makers use of cheating devices to rig emission tests. by Anna Roggenbuck, cross-posted from the Bankwatch blog. With each passing day since Bankwatch revealed the European Investment Bank’s massive support… » read more

Posted by Bankwatch

The European Investment Bank’s track record stands in stark contrast to its pose as a hero in the fight against climate change. by Anna Roggenbuck, cross-posted from the Bankwatch blog As declarations emerge from Paris about the billions and trillions of dollars needed to combat the affects of climate change, the world’s largest public lender,… » read more

Posted by Bankwatch

Clear guidance is needed more than public assurances to make the European Fund for Strategic Investments (EFSI) be indeed a vehicle for energy efficiency. Counter to public statements, the current set-up does not promise to be effective. by Anna Roggenbuck, cross-posted from the Bankwatch blog. In a press release today, the European Commission expressed great… » read more

Posted by Bankwatch

The European Investment Bank is gearing up for an increased role in spurring growth in Europe as set out by the new Juncker Commission. Yet as Europe’s 2030 climate targets are being undermined by some countries the bank that wants to be a leader in climate action must keep in mind that we can no… » read more

Posted by Bankwatch

A new report shows how private western-based companies are benefiting from multilateral development banks’ support while governments and citizens in recipient countries are delegated to the sidelines. by Claudia Ciobanu, cross-posted from the Bankwatch blog The European Network on Debt and Development (Eurodad) launched today the study A Private Affair in which it shows how… » read more

Posted by Bankwatch

Complimented for its restrictions of coal lending, a closer look at the EBRD’s new energy strategy reveals a shocking lack of operational knowledge to implement the ambitions outlined in its executive summary. by Ionut Apostol, cross-posted from the Bankwatch blog On Tuesday this week, the European Bank for Reconstruction and Development (EBRD) approved a new… » read more

Posted by Bankwatch

The manipulation of a tender for a metro line extension in Prague – financially supported via EU funds and the European Investment Bank (EIB) has not only resulted in a huge EU funds fine, but also raises questions about the EIB’s ability to identify and avoid mismanagement in the infrastructure projects it finances. by Petr… » read more

Posted by Bankwatch

As the European Bank for Reconstruction and Development revises its safeguard policies, the Aid Transparency Index ranks its commitment to openness and transparency as the weakest in comparison with similar institutions. by Fidanka Bacheva-McGrath, cross-posted from the Bankwatch blog The 2013 Aid Transparency Index came out last week and confirmed my suspicion that the EBRD… » read more

Posted by Bankwatch

The European Bank for Reconstruction and Development received a little surprise visit this week from 16 000 voices against coal. by Fidanka Bacheva-McGrath, cross-posted from the Bankwatch blog During this week’s consultation meetings in Istanbul, Belgrade and Moscow, the EBRD is discussing its new energy lending strategy with NGOs from its countries of operation. As… » read more

Posted by Bankwatch

For the last couple of years, we have been calling on the European Investment Bank to drop coal lending. Finally, we’re starting to see some results. by Anna Roggenbuck, cross-posted from the Bankwatch blog Last Friday, the EIB published a new energy lending policy, which shall be in place for some five-six years. Already in… » read more

Posted by Bankwatch