Europe’s public finance is off track: The @EIB .props up “competitiveness,” the wealthy military complex & polluters’ “clean energy” projects—missing a green, just economy. But what if we flipped the script? We ask @yanisvaroufakis 👉

🔴 @JozefSikela, 49 CSOs remind the EU that development finance must serve people, not profits. The #GlobalGateway risks reinforcing extractive, profit-driven agendas that sideline human rights and local priorities in the Global South. 📄

What do you want to know?.

We responded to Commissioner @Síkela’s letter on the #GlobalGateway. While we welcome the dialogue, core issues remain unaddressed — lack of transparency, development additionality & CSOs participation. The Gateway risks reinforcing a neocolonial model. 📄

🤝 In April, the EIB and the EBRD signed a Mutual Reliance and Cooperation Agreement. The agreement raises serious questions about the robustness of safeguards and the institutions’ ability to uphold accountability in co-financed projects. 🔎Read our text:

🚨 EP Adopts 2024 EIB Report. It highlights progress, but overlooks serious gaps: fossil fuels financing still continues, affordable housing isn’t truly affordable, and the pressure to finance military and defense, including weapons, is growing. Read 👇.

RT @Recommon: 🗞️La vicenda della SLAPP, dell'azione intimidatoria di #ENI nei confronti del nostro @atricarico72 per le dichiarazioni rilas….

📉 The EU proposed a 90% emissions reduction target by 2040. It sounds ambitious — but it falls short of real climate action and opens the door to offsets, dodgy accounting and false solutions.

#FfD4People #DebtJustice #ClimateJustice #TaxJustice #GlobalGovernance #MakePollutersPay #FinancingOurFuture #GlobalGoals.

7) 📢 Institutions like the EIB and other public banks must stop being tools for corporate risk management. They must become tools for solidarity, equity, and climate justice. #FfD4 must be a break from the past. 🌡️ The deadline is 1.5 °C.

6) 💥 What we demand at #FfD4:.✅ Fair global tax rules.✅ Cancel illegitimate debt.✅ More grants, fewer loans.✅ Equal power for the Global South in global financial institutions.

5) ✊ We need a new direction. We say:.Pay Up • Cancel the Debt • Change the System. Because a just transition won't come from market-driven finance.

4) 📉This is not development. It’s a system designed to:.🔻 Protect profits.🔻 Maintain creditor control.🔻 Reproduce neocolonial financial structures.

3) 🏦 International Financial Institutions, like the World Bank, IMF, and even the EIB are at the heart of this problem. They are:.🔹 Serving private investors.🔹 Locking countries into debt.

2) 🧨 In practice, the system still answers to creditor countries and financial institutions, not the people facing poverty, inequality, and climate breakdown. A.s long as this continues, debt sustainability and climate justice will remain out of reach.

1) 💸 What is Financing for Development (FfD)?. It’s a once-a-decade UN conference that sets the rules for global finance, tax, debt, and trade. It’s also the only global space where all countries negotiate economic matters on equal footing—in theory.

🌍 The 4th UN Financing for Development Conference (FfD4) is happening. It could be a turning point for global justice, but only if it challenges the current system. A thread 🧵

🚨 Are EU ECAs suitable to drive a just energy transition? . New briefing paper by @both_ends & Counter Balance examines ECAs governance issues: weak human rights & environmental due diligence, limited public oversight, and blurry development mandate. 👉

📣 Calviño calls the EIB a “success story.”. But whose success, when the Bank keeps on financing fossil banks and companies, fossil-based hydrogen, and carbon capture and storage with no real accountability?. 🔎 We break down the speech and main decisions. →

@EIB 6) ✊ It’s time for a hard reset of Europe’s climate bank. 📘 Read the full report: Behind EIB’s Green Curtains: A Review of the Climate Bank Roadmap .👉

5) Bottom line: the @EIB’s climate finance still serves market logic over social & environmental justice. We need:. ✔️ Public-first climate finance. ✔️ No more false solutions. ✔️ Support for public services & community resilience. ✔️ Real accountability & transparency

4) 📈 The EIB’s strategy is to derisk private investments. Translation? Public money goes to making projects profitable for corporations, even when they offer little benefit to people or the planet. Meanwhile, the urgent needs of communities remain unmet.