On 15 November, the first-ever Aid Transparency Index was released by the UK based group Publish What You Fund. The index evaluated 58 major actors in the international financial institutions sector, and the results found did not reflect well on European banks.

Two of Europe’s largest banking institutions, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), both scored poorly on the transparency test.

“Considering that the EI...

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