EU bank supports projects linked to human rights violations, NGOs claim https://ift.tt/3eCAddh Kalyeena Makortoff Banking correspondent European Investment Bank accused of failure to properly assess impacts of supported projects in Africa and Asia The EU-funded European Investment Bank has been using taxpayer cash to support infrastructure projects linked to alleged human rights violations, an investigation by NGOs shows. The report – led by campaign groups Counter Balance and the CEE Bankwatch Network – has accused the EIB of a lack of transparency and a failure to properly assess the impact of its funding as it extends its role beyond Europe to former Soviet republics, Africa and Asia. Continue reading... https://ift.tt/eA8V8J November 09, 2020 at 02:01AM

European Investment Bank accused of failure to properly assess impacts of supported projects in Africa and Asia

The EU-funded European Investment Bank has been using taxpayer cash to support infrastructure projects linked to alleged human rights violations, an investigation by NGOs shows.

The report – led by campaign groups Counter Balance and the CEE Bankwatch Network – has accused the EIB of a lack of transparency and a failure to properly assess the impact of its funding as it extends its role beyond Europe to former Soviet republics, Africa and Asia.

Continue reading...

from The Guardian https://ift.tt/3eCAddh