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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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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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