Bankwatch

Archives for tax havens

Statements and behaviour of Georgian authorities show their determination to go ahead with the construction of the huge Khudoni dam that would displace more than 2000 indigenious Svans, regardless of public protests. At the same time the project company’s set-up raises questions about ulterior motives. by Petr Hlobil, cross-posted from the Bankwatch blog Svaneti, a… » read more

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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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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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