IFTI WATCH ARCHIVE - EUROPEAN INVESTMENT BANK

30 JANUARY 2008
EIB Announces Additions to Web Site
The European Investment bank is now publishing the provisional summary of decisions of its Board of Directors. More >>

9 MAY 2006
EIB Adopts New Disclosure Policy
The European Investment bank has released its new disclosure policy, making a variety of improvements while sticking to secrecy in several areas. More >>

22 MARCH 2006
Overview: More IFIs Planning to Revise Their Disclosure Policies
EIB Releases Stealth Project List; Nears Final Decisions on Disclosure Policy
The EIB has released a list of the private sector projects not announced before approval by the board in 2005, responding to a freedominfo.org request. More >>

30 NOVEMBER 2005
EU Parliamentary Committee Rejects EIB Effort to Dodge Aarhus Rules
A committee of the European Union Parliament Nov. 22 rejected an effort by the European Investment Bank to be exempted from rules implementing the Aarhus Convention, the EU agreement that governs transparency policies for environmental-related activities. More >>

16 NOVEMBER 2005
IFC, EIB, IIC Make Few Concessions on Disclosure About Private Sector Projects
Three of the major international lenders with a mandate to finance private sector projects with public interest benefits are making few concessions to transparency. More >>

9 AUGUST 2005
EIB Declines to Release Ukranian Framework Agreement
The European Investment Bank has declined to release the text of a framework agreement recently signed with Ukrainian leaders. More >>

21 JULY 2005
EIB Announces Second Round for Transparency Policy Review
The European Investment Bank has committed to writing a second draft proposal on disclosure policy-expanding and extending its process for consultation and review after the first draft, and the process, came under criticism. More >>

21 DECEMBER 2004
European Investment Bank Plans Disclosure Policy Review
The European Investment Bank Dec. 14 announced plans to conduct a review of its Public Information Policy, and requested public comment on its existing policy. More >>

21 JULY 2004
EIB Board Discusses Transparency, Offers Some Reforms
The European Investment Bank Board of Directors has taken some steps toward disclosing some additional documents and more financial information about by key bank officials. More >>

7 JUNE 2004
NGOs Criticize EIB on Transparency, Other Grounds
A coalition of nongovernmental organizations June 1 issued a broad critique of the European Investment Bank, including the criticism that the EIB is "the least transparent, least accountable and least democratically controlled institution in the family of agencies entrusted with implementing EU policies and among public financial institutions." More >>

7 JUNE 2004
EIB President Proposes Transparency, Governance Improvements
European Investment Bank President, Philippe Maystadt, June 2 proposed to publish some additional information about EIB operations and the financial interests of key EIB officials. More >>

13 APRIL 2004
EU Parliamentary Committee Rejects Criticisms of EIB
A committee of the European Parliament on April 6, 2004 rejected virtually all of the criticisms of the European Investment Bank by Spanish delegate Monica Ridruejo. More >>

18 MARCH 2004
EU Committee Defers Action on Report Critical of the EIB
A committee of the European Parliament, to the surprise of some observers, did not flatly reject Spanish parliamentarian Monica Ridruejo's critical report about governance and transparency at the European Investment Bank. More >>

15 MARCH 2004
Spanish Member of European Parliament Criticizes European Investment Bank
The European Investment Bank "fails to comply with good corporate governance" and does not disclose enough information to the public, according to controversial criticisms in a report prepared by a Spanish member of the European Parliament, Monica Ridruejo. More >>

JULY 2003
Transparency Deficit One Reason Dutch Bank Withdraws From EIB
A lack of transparency at the European Investment Bank was one of several reasons cited by the Dutch bank ASN July 17 when it announced its plan to stop investing in the EIB. More >>

JULY 2003
Monkeys Play Role in NGO Protest on EIB Transparency
Seeking to dramatize demands for more transparency at the European Investment Bank, three persons in monkey suits greeted EIB governors arriving for the EIB annual meting June 3 in Luxembourg. More >>

JANUARY 2003
How EIB Officials Look at Transparency: A freedominfo.org Interview
The European Investment Bank is "not comparable" to other international financial institutions, began Henry Marty-Guaquie, Director de la Communication for the EIB, in an interview about transparency with freedominfor.org Nov. 5. More >>

JANUARY 2003
Civil Sector Groups Criticize New EIB Disclosure Policy
CEE Bankwatch Network and Friends of the Earth International Dec. 4 charged that the European Investment Bank's new information policy "fails to live up to expectations" and after two years in the making is "only a slight improvement over the previous one." More >>

7 NOVEMBER 2002
European Investment Bank Issues New Transparency Policy
The European Investment Bank has written a new transparency policy.The new rule continues to emphasize the EIB's willingness to honor requests for confidentiality by third parties. It indicates that the EIB will follow the disclosure practices of the banking industry. More >>

SEPTEMBER 2002
Lack of Clarity in the Process for Rewriting the EIB Disclosure Policy
On June 28, 2002, at a EIB consultation with NGOs in Copenhagen, Martin Koehler, a staff member with the Campaign to Reform the World Bank, demanded "a formalization of the disclosure policy review process, with clear timelines regarding the publication of drafts, the status of such drafts within the institutional decision-making process, and the period of public consultations." More >>

JUNE 2002
EIB Expects No New Disclosure Policy Soon
The European Investment Bank has been working on modifications to its information policy for about a year, with the EIB's critics scratching their heads over when a revised policy will finally emerge. More >>

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