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Newswire
Events
31 March 2009
EIB - what's the EU's house bank doing away from home?
3 December 2008
Turning a curse into a blessing: Three testimonies about Africa's mineral wealth
1 July 2008
The European Investment Bank - facing challenges as it turns 50
5 October 2007
The European Union's Financing in the Energy Sector in Africa
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Case Studies
Home arrow Case Studies
  • Chad-Cameroon oil pipeline
    This 1070 kilometre pipeline project was promoted with claims of eventual poverty reduction and millions of dollars in revenues for Chad from oil exports.

    However since the project’s completion in 2003 and the commencement of oil flows, the project has fuelled violence, impoverished people in the oil fields and along the pipeline route exacerbated pressures on indigenous peoples and created new environmental problems.
  • Lesotho highlands water project
    The Lesotho Highlands Water Project's troubled existence and the impacts on local people make the EIB's views on the project – where it "considers that the Highland people's quality of life will be enhanced – even if they have to resettle – as a result of much improved infrastructure created by the project, re-training and other social welfare and employment creation measures, as well as compensation, on all of which they have been consulted and to which they are party" – unfortunately read like something from fantasy land.
  • Nam Theun 2 hydropower project, Laos
    The EIB loaned the oppressive Lao government EUR 45 million for NT2 in 2005, relying largely on the World Bank’s social and environmental assessments of the project. And the EIB has justified its involvement on the basis of some highly ambitious claims, such as the project’s “high development impact”, its generation of “net environmental benefit for the region, improved living standards and economic development for the local population”, and that it will tackle “climate change and promote sustainable use of renewable natural resources.”
  • Tenke Fungurume mine, DRC
    The financing of a large-scale mining project does not correspond to any of the priorities defined by the EU for cooperation with DRC. It does not contribute to the achievement of the Cotonou Agreement's objectives- poverty alleviation and promotion of sustainable development- either.
  • Bujagali dam, Uganda
    The Bujagali project has been criticised on economic grounds and contested for years by activists in Uganda and internationally. This is due to its lack of protection for endangered fisheries and tourism in the area, its potential to harm Lake Victoria, and its inability to bring affordable power to the majority of Uganda's population. The project has also been stalled for several years due to the persistence of corruption.
  • Support for 'off-balance' projects?
    The EIB’s ‘off-balance projects’ epitomise many of the EIB’s fundamental problems: incoherent and muddled policy decisions; contradictions between stated aims and practical actions and; a serious lack of accountability and social commitments beyond the fiscal bottom line.
  • West African Gas Pipeline
    The West African Gas Pipeline (WAGP) is a 681 kilometre onshore and offshore pipeline designed to transport natural gas from gas fields in the western Niger Delta of Nigeria to consumers in Benin Republic, Togo and Ghana.
  • The River Madeira, Brazil
    The Madeira is the second largest river in the South American Amazon. Currently large infrastructure plans, such as the construction of at least three hydroelectric dams, threaten this main tributary of the Amazon. The future of the Madeira basin, covering close to 25 percent of the Brazilian Amazon, a habitat for countless species of animals and plants, and home to many people dependent on the river, is in danger.
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