Five years after the implementation of its transparency policy, the EIB has committed to review it. Despite considerable efforts by the bank to improve its transparency by signing the International Aid Transparency Initiative (AITI) and the launch of an online registry of environmental documents, other structural improvements are necessary. Moreover the revised draft policy by the bank means a step back from the current policy in some cases and it does not adequately reflect key international standards and principles regarding transparency, as set out in the Global Transparency Initiative’s Transparency Charter for International Financial Institutions.
With this submission, which is a joint initiative by 17 international civil society organisations, we hope to help ensure that the final revised Transparency Policy is a more democratic, transparent and effective document.
Read our submission below.