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EP Vote on the Renewal of Community guarantee against losses for EIB operations outside the EUThe Counter Balance coalition, a coalition of environmental and development non-governmental organisations recognizes the major step forward taken by this vote on the increase of both accountability and transparency of the European Investment Bank’s operations. Now the EIB can no longer ignore a certain number of principles when granting loans to a project in the developing world on the basis of its renewed External Mandate Guarantee.
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