On monday 23th of may international organisation PAX, member of the international campaign Stop Explosive Investments -which Banca Armada campaign collaborates with- has launched the anual report “Worldwide investements in cluster munitions: A shared responsability”. As the report shows, investment in companies producing cluster bombs went up last year. This is in spite of the fact that many investors have decided to stop investing in the manufacture of the internationally banned weapon.
In the past 4 years, 166 financial institutions from 14 countries invested US$ 31 billion in 6 cluster bomb producers. On the other hand, this year the number of institutions with policies excluding investments in cluster bomb producers grew to 88.
Download full report here.