Bankspeak of the year 2006

In a departure from tradition, this year's Bankspeak marks an exemplary case of the Bank clarifying a previously fuzzy concept. At this year's annual meetings in Singapore, just as several dozen accredited civil society participants were being refused entry, held for questioning or deported, the Bank's PR machine trumpeted the findings from the Doing Business report that the host nation was the "most business-friendly economy in the world 2005/6". So now we know what business-friendly means.

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Published: 31 January 2007 , last edited: 24 August 2007

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CounterBalance, a new European coalition of development and environmental non-governmental organisations formed specifically to challenge the European Investment Bank (EIB), has launched its website. The EIB is the world's largest public lender. Find out more about it from CounterBalance.