NGOs urge EIB to raise the bar on human rights ahead of banks’ summit

Today, 15 human rights and development NGOs sent an open letter to the President of the European Investment Bank (EIB), spelling out key recommendations for the bank to raise the bar on the promotion and protection of human rights. The letter was sent in light of the upcoming Finance in Common Summit, in which the EIB will be participating along with hundreds of other public development banks to discuss collective responses to the multiple challenges that the world is facing.

During this time of crisis, and considering the central role that the EIB will play in the economic recovery plans and the European Green Deal in the EU and beyond, it is crucial for the EIB to adopt concrete steps to ensure that its funding respects human rights and leads to social and environmental justice for all.