Urgent call to keep defence spending out of the EIB's scope
Thirty civil society organisations (CSO) call upon the EIB President, Board of Directors and Governors to firmly reject increasing support for the military-industrial complex.
In the context of the growing pressure from member states and the arms industry on the EIB to increase support for the defence industry, 30 CSOs have urgently called on the EIB to reject demands to finance the defence industry with EIB money.
The world’s largest multilateral development bank should not channel public finance to sectors listedin its exclusion list – such as military expenditure.
Instead, EIB lending must be used to support strictly environmentally and socially beneficial projects that strive to address public needs and development objectives while respecting rights of local communities – not European defence manufacturers.