Africa: The European Investment Bank and hit and run development

A new Counter Balance report ‘Hit and run development - Some things the EIB would rather you didn't know about its lending practices in Africa, and some things that can no longer be covered up’ reveals how the European Investment Bank’s use of intermediated loans and private equity funds facilitates corruption and tax evasion. The report concludes that the use of these lending tools in developing countries 'goes against any kind of development logic'.