Activities of Petri SARVAMAA related to 2023/2046(INI)
Shadow reports (1)
REPORT on the control of the financial activities of the European Investment Bank – annual report 2022
Amendments (13)
Amendment 2 #
Motion for a resolution
Recital A
Recital A
A. whereas the EIB Group consists of the European Investment Bank and the European Investment Fund (EIF) and is the biggest multilateral financial institution in the world and whose main tasks is to boost Europe's potential in terms of jobs and growth; EIB is simultaneously one of the largest providers of climate finance, operating in international capital markets offering competitive terms to clients and favourable conditions to support EU policies and projects;
Amendment 5 #
Motion for a resolution
Recital B
Recital B
B. whereas the EIB’s key priorities are to provide funding for projects to foster European integration and, to promote and support the EU policies, both within and outside the EU such as sustainable investments in climate and the environment, development, innovation and skills, small and medium-sized enterprises, infrastructure and cohesion;
Amendment 8 #
Motion for a resolution
Recital C
Recital C
C. whereas the EIB, as the EU’s climate buropean Investment Bank, plays a key role in the fight against the global emergencies of climate change, environmental degradation and biodiversity loss and is committed to aligning all EIB activities with the Paris Agreement and to increasing the annual financing for climate action and environmental sustainability to more than 50 % of total lending by 2025;
Amendment 10 #
Motion for a resolution
Recital D
Recital D
D. whereas the EIB, as the EU’s developuropean Investment bBank, contributes to implementing the political and economic goals of the European Union supporting the Union’s external action priorities in all regions around the world, including in politically sensitive countries in the Eastern and Mediterranean Neighbourhood regions, the Western Balkans, the Middle East and Northern Africa; highlights the importance of budgetary control procedure as according to the European Court of Auditors, EU financial support amounting to around EUR 700 million between 2014 and 2020 to promote the rule of law in Western Balkans has had little impact on fundamental reforms;
Amendment 17 #
Motion for a resolution
Recital E
Recital E
E. whereas the European Union cannot afford to delay the actions needed to address the long-term, structural challenges ofsuch as the shrinking proportion of people in working age, climate change, digitalisation and innovation;
Amendment 18 #
Motion for a resolution
Recital F
Recital F
F. whereas the EIB’s business model demands the highest standards of integrity, transparency, accountability and good governance, and adequate measures need to be adopted and continuously updated to counter of all forms of fraud, money laundering, financing of terrorism and organised crime and harmful tax practices effectively and efficiently, as well as to address the prohibited conducts identified in its Anti-Fraud Policy, which was recently revised; highlights that the European Anti-Fraud Office OLAF and European Public Prosecutor’s Office EPPO can investigate matters relating to fraud, corruption and other offences affecting the EU’s financial interests within the EIB;
Amendment 24 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Understands that over EUR 1 billion of EIB support for aerospace and cybersecurity was delivered in 2022, exceeding the target; believes that the EIB has a strategic role to play in supporting Europe’s defence financing in dual-use sectors; takes note that the new EIB Strategic European Security Initiative will make financing available of up to EUR 6 billion by 2027; welcomes that the EIB will further strengthen institutional partnerships with the European Commission (DG DEFIS), the EU Agency for the Space Programme (EUSPA), the European Defence Agency and NATO;
Amendment 26 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Points out that investments in small and medium-sized enterprises (SMEs) which represent 99% of all businesses in the EU, education, research and development, efficient administration and local infrastructure are among the most effective ways of promoting growth;
Amendment 37 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Stresses the importance of small and medium-sized enterprises (SMEs) for the European economy and points out that 23 million SMEs in the Union account for 99 % of all businesses and more than half of Europe’s GDP, playing a key role in adding value in all sectors of the economy; SMEs provide around two thirds of all jobs; believes that SMEs have a major role to play in the inclusive transition to climate neutrality, the digital transformation of European industries and the competitiveness of EU entrepreneurs;
Amendment 50 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Underlines that the Russia’s illegal, unjustified and unprovoked invasion of Ukraine and the energy crisis compounded existing supply constraints and that the ramifications of higher energy prices go beyond the direct hit to households and businesses, fuelling inflation and depressing demand, with the costs borne by Europe’s households, businesses and governments;
Amendment 51 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Expresses gratitude for EIB’s condemnation of the military invasion of Ukraine by Russian troops; since the start of the invasion the EIB has mobilised and disbursed EUR 1.7 billion in emergency relief to Ukraine, with the support of the European Commission;
Amendment 63 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Is aware that, in its activities outside the EU, the EIB Group supports the objectives and priorities of the EU’s external actions, deploys its expertise and experience outside the EU in priority areas such as climate action, health and digitalisation; underlines that a new tripartite agreement between the European Court of Auditors (ECA), the European Investment Bank (EIB) and the European Commission was signed at the end of 2021; in particular, the agreement clarifies the timeline for receiving necessary audit documentation and in what format, confidentiality rules and data protection, evidence collection methods, and access to information;
Amendment 89 #
Motion for a resolution
Paragraph 38
Paragraph 38