Podcast episode
EIB in focus: Rethinking Europe's financial future with Yanis Varoufakis
Europe’s public finance is off track: The EIB props up “competitiveness,” the wealthy military complex & polluters’ “clean energy” projects—missing a green, just economy.But what if we flipped the script?
We asked Yanis Varoufakis in the latest episode of EU Watchdog radio.
NEWSLETTER
Cash flow, but no glow
The EU is revving up the Competitiveness Compass, and guess what? Profits are back in the driver’s seat while social and environmental justice get shoved in the trunk.
Read our latest newsletter to discover what the EIB has been up to this month.
Report
The wheel of corporate fortune: How the EIB boosts profits in the name of competitiveness
This research examines seven of the EIB’s top corporate clients—Iberdrola, Stellantis, Intesa Sanpaolo, Leonardo, Orange, Northvolt, and the Gavi Alliance—who have received billions in public loans, despite posting massive profits and being linked to concerning social and environmental issues.
Read the full report here
REPORT
Who Profits from the Global Gateway?
The latest report thouroughly examines the European Union’s Global Gateway initiative. Findings raise serious concerns about the effective use of development funds.
READ THE REPORT
Report
Public banks working for public services
Public banks have the capacity to support a wide range of essential services. From affordable housing to renewable energy and local public transport, public banks can drive systemic change by focusing on projects that offer long-term economic viability and substantial social benefits for all.
READ THE REPORT
JOINT LETTER
Urgent call to keep defence spending out of the EIB's scope
30 CSOs urge the European Investment Bank to resist calls for an increased support to the defence sector.
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REPORT
No role for export credits in the EU’s development finance
The report examines recent proposals for greater coordination between export credit and development finance, in particular through initiatives such as the EU's Global Gateway strategy.
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What we do
Challenging public investment banks
We’re a European coalition of development and environmental non-governmental organisations (NGOs) with extensive experience working on development finance and public banks as well as campaigning to prevent negative impacts resulting from major infrastructure projects
Our mission is to make European public finance a key driver of the transition towards socially and environmentally sustainable and equitable societies
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Where we focus our efforts
Our activities focus on:
Climate Justice, Development & Human Rights,
Transparency & Accountability
Research
We conduct research on European public financial institutions and challenge investments that result in harmful impacts for people and the environment
Inform
We inform the public and open up debates on the role of EU public finance in the transition towards more sustainable and equitable societies
Advocate
We coordinate advocacy campaigns towards decision-makers at EU and national levels to push for accountable, democratic and sustainable
public banks
Turning the Tide
PUBLIC FINANCE SUPPORTING FOSSIL FUELS
Bankwatch’s new documentary exposes, for the first time, the extent of financial support four of the world’s leading multilateral development banks (MDBs) have been providing to the global fossil fuels industry over the past 13 years.
Watch the video!
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