The European Investment Bank's flawed development legacy as well as its existing institutional structure and policies show that the institution dubbed the 'EU Bank' still has a long way to go before it can actually become a proper development bank.
This week, a Finance in Common summit will gather 400 finance institutions for the first time to discuss what they can do to tackle the multiple crises the world is facing.
It is likely that t...
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Clara Bourgin is a policy and advocacy officer at Counter Balance, working on monitoring the environmental and human rights impacts of EU public financial institutions. Aleksandra Antonowicz-Cyglicka is a researcher at CEE Bankwatch Network, specialising in human rights due diligence of the financial institutions.