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Newswire

New European Parliament resolution calls on the European Union to tackle capital flight and tax havens [eurodad.org, 28th January 2010]
EIB tax haven lending exposed [euro-correspondent.com & private-eye.co.uk, 13 August 2009]
Der günstige Weg über Mauritius [taz.de, 16 July 2009]

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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	EU development money extracting more wealth from Africa, finds new report on Congolese copper mine A EUR 100 million loan from the European Investment Bank (EIB) for the Tenke Fungurume Mine mining project in the Democratic Republic of Congo (DRC) has proceeded in spite of rampant corruption, human rights violations and social tensions surrounding the copper-cobalt mine's development, according to a new report from the campaign coalition Counter Balance: Challenging the European Investment Bank in collaboration with the Congolese NGO ACIDH. Read more
	Soul mining: The EIB's role in the Tenke Fungurume Mine, DRC The conclusion of this research is that the Tenke Fugurume Mining project is based on an unclear mining contract, with considerable doubts concerning corruption. This situation was already known when the EIB decided to grant the loan for this project. Moreover this project will not beneit the DRC. The mining has already started, and serious problems are already apparent, and it is above all the local populations that are suffering. The EIB needs to urgently put in place guidelines and strict rules for the evaluation of transparency, the social and environmental impacts as well as its development value for projects that it will inance, in order to avoid embarrassing the European Union with such projects. Read more
	EU house bank's penchant for dodgy deals in Africa must end, demand campaigners The European Investment Bank (EIB) announced last week that it would endorse and support the Extractive Industries Transparency Initiative (EITI). The EIB, which has invested over EUR 700 million in large scale mining projects in Africa since 2000, stated that it is 'committed to promoting good transparency and governance in all the projects it finances'. Read more
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