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Watch our latest cartoon on youtube Our campaign on EIB loans enabling Tax Havens was launched last May.
You may find our Investigative report here
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The Bujagali Hydropower Project is a 250-megawatt power-generating
facility developed by Bujagali Energy Limited, a joint venture between
Kenya-based Industrial Promotion Services (IPS), the Aga Khan Fund for
Economic Development, and US-based Sithe Global Power, with
construction by Italy’s Salini.
Following the findings of a field mission in Uganda in April 2009, the
European coalition Counter Balance, in collaboration with Human Rights
lawyers of Sherpa (France) and CLAI (Italy) has been supporting the
Ugandan local communities, lead by the Ugandan National Association of
Professional Environmentalists (NAPE) in gathering evidences in order
to file a complaint against the European Investment Bank, following the
successful outcome of the complaint filed against the World Bank
through the independent World Bank Inspection Panel (1).
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Key EU-funded development projects in the Global South are being carried out by companies registered in tax havens and financial off-shore centres, potentially costing developing countries tens of millions in tax revenues and leading to corruption, capital flight and lack of transparency and accountability, the NGO coalition Counter Balance [1] reveals today. Our paid add campaign in a comic strip format is published today in the UK edition of the Guardian, La Repubblica, Handelsblatt, the French Les Echos has refused to publish it and only informed us today, on the very day of the publication. The add is too shocking for the daily.
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A comic look at the basics of the European Investment Bank, the
world's biggest public financial institution. More information about
what the EIB does in practice is available here .
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The winners and losers from the European Investment Bank's loans in Africa were sharply distinguished today at the Belgian Senate by civil society representatives from Chad, Nigeria and the Democratic Republic of Congo (DRC), currently on an advocacy mission in Paris and Brussels. The three speakers described in detail the economic, environmental and social hardship that has been heaped on communities by extractive industry projects supported by the largest public – yet largely unaccountable – bank in the world.
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