Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-22-Speech-2-012"
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"en.20080422.3.2-012"2
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"Mr President, we applaud the fact that this report emphasises the EIB’s zero tolerance policy with regard to fraud and corruption and also highlights the increasing number of investigations being conducted by OLAF. However, experience in contracting loans has shown us that the EIB is not without sin. Recently, for instance, a loan of EUR 100 billion to a large-scale mining project in Congo came under heavy criticism owing to all kinds of major irregularities, such as a lack of transparency in the negotiation process and in the final award of the contract. There was a serious conflict of interest. Since 2000, the European Investment Bank has already invested more than EUR 700 million in all manner of mining projects in Africa.
What I would like to stress here is that these many millions come from European taxpayers and that our institution’s loan and contract policy must therefore also be subject to the most thorough supervision possible, particularly when funding projects outside Europe."@en1
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