El Mundo de Kafka : La Política de Información del Banco Europeo de Inversiones

The document criticizes the European Investment Bank (EIB) for a lack of transparency in its project financing, specifically regarding the timing and detail of information disclosure. While the EIB adopted a new Transparency Policy on June 15, 2004, NGOs argue that the bank continues to prioritize commercial confidentiality over the public's right to know, often releasing Environmental Impact Assessments (EIAs) only after project approval. The text contrasts the EIB's restrictive approach with the more open standards of the World Bank and the European Bank for Reconstruction and Development, and outlines specific demands for the EIB to publish project documentation 120 days before Council decisions.

• The EIB's information policies are criticized by NGOs for being vague and allowing the bank to disclose information only at its own discretion, often leaving the decision to project promoters.
• Project information is frequently made public only after the Board of Directors has approved the project, which prevents civil society and affected communities from participating or proposing improvements.
• The EIB's internal rules do not require the publication of Environmental Impact Assessments (EIAs) or other environmental documents before Council approval, and public consultations often occur after the financing has already been decided.
• Global loans lack transparency because the responsibility for publication lies with the intermediary bank, and there is no available information on what is being financed or whether environmental conditions are applied.
• The EIB's transparency standards are described as inferior to those of other international financial institutions, such as the World Bank and the European Bank for Reconstruction and Development (EBRD), which allow public access to key environmental information during the approval process.
• The EIB adopted a new Transparency Policy on June 15, 2004, which includes commitments to use electronic media for accessibility, examine governance improvements, and follow Corporate Social Responsibility recommendations.

APA

Friends of the Earth International (2004). El Mundo de Kafka : La Política de Información del Banco Europeo de Inversiones. https://www.foei.org/wp-content/uploads/2020/12/EIB_Fact_Sheet_3SPabril10.pdf

Chicago

Friends of the Earth International. El Mundo de Kafka : La Política de Información del Banco Europeo de Inversiones. 2004. https://www.foei.org/wp-content/uploads/2020/12/EIB_Fact_Sheet_3SPabril10.pdf.

Wikipedia

{{cite report |author=Friends of the Earth International |title=El Mundo de Kafka : La Política de Información del Banco Europeo de Inversiones |date=September 2004 |url=https://www.foei.org/wp-content/uploads/2020/12/EIB_Fact_Sheet_3SPabril10.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{friendsoftheearthinternational2004mundo, author = {{Friends of the Earth International}}, title = {{El Mundo de Kafka : La Política de Información del Banco Europeo de Inversiones}}, institution = {Friends of the Earth International}, year = {2004}, month = sep, url = {https://www.foei.org/wp-content/uploads/2020/12/EIB_Fact_Sheet_3SPabril10.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }