12 Amendments of Nils TORVALDS related to 2018/2161(INI)
Amendment 23 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. considers that among the challenges facing the EIB, appriopriate supervision is crucial; believes, given the role and institutional set-up of the EIB, an ad-hoc supervisory structure is required which includes representatives of the ECB, EBA, ECA, national competent authorities and independent experts;
Amendment 32 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Recognises the EIB’s responsibility to intervene when there are specific market failures, such as the financial crisis and difficulties in accessing finance for SMEs and innovators; applauds the success of the European Fund for Strategic Investments (EFSI), under which 898 operations have been approved and which is expected to trigger EUR 335 billion in investment across the 28 EU Member States; underlines the necessity to accelerate the work on building a Capital Markets Union thus enabling the EIB to really focus on filling the gaps where there are market failures or to provide financing for highly risky projects;
Amendment 42 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Underlines the important role played by the EIB as the EU Bank, which is the only International Financial Institution that is entirely owned by EU Member States, guided fully by EU policies and standards;
Amendment 44 #
Motion for a resolution
Paragraph 4 b (new)
Paragraph 4 b (new)
4 b. Calls for the strengthening of the EIB’s advisory activities and, together with the Commission, Member States and national official promotional financial institutions, to address systemic shortcomings that prevent certain regions or countries from taking full advantage of the EIB’s financial activities;
Amendment 48 #
Motion for a resolution
Paragraph 4 c (new)
Paragraph 4 c (new)
4 c. Underlines the crucial role played by the EIB’s lending in support of the EU’s external policy objectives via instruments such as its External Lending Mandate; further welcomes the EIB’s management of the ACP Investment Facility which provides innovative financing instruments including equity, local currency risk-sharing and impact finance in ACP countries, based on the Cotonou agreement; believes that the EIB should to continue to play a leading role in setting-up future EU financing mechanisms to third countries, while ensuring that it is the interests of local entrepreneurs wishing to establish local, often micro and small, enterprises with the aim of contributing first and foremost to the local economy which are prioritised in EIB lending decisions;
Amendment 52 #
Motion for a resolution
Paragraph 4 d (new)
Paragraph 4 d (new)
4 d. Welcomes the progress made by the EIB in contributing to preventing tax fraud, tax evasion, tax avoidance, aggressive tax planning, money laundering and the financing of terrorism through the full application of EU policies and standards, for example the EU list of non-cooperative jurisdictions for tax purposes; underlines the absolute necessity for the EIB to remain constantly vigilant and to adapt its actions to the permanently evolving reality concerning those practices;
Amendment 122 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Recognisecalls theo intensifiedy the cooperation of the EIB Group with national promotional banks and institutions (NPBIs) and calls on the EIB to continue strengthening its work with NPBIs in order to ensure outreach and further develop advisory activities and technical assistance to support a geographical balance in the long termgrowth where it is needed;
Amendment 125 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15 a. calls on the EIB to include in its assessment of the projects to be funded the conclusions coming from the Country Specific Recommendations (CSR) and the Macro-Economic Imbalances Procedure (MIP); recalls that the economic governance framework allows some vulnerabilities to be detected and it would therefore be logical for the EIB to favourably consider the projects that allow those vulnerabilities to be addressed;
Amendment 132 #
Motion for a resolution
Paragraph 15 b (new)
Paragraph 15 b (new)
15 b. is of the opinion that more funds should be allocated by the EIB to strenghten the administrative capacity of the Member States, the more efficient an administration is the better it is both for the citizens and for the economy;
Amendment 156 #
Motion for a resolution
Subheading 7 a (new)
Subheading 7 a (new)
Amendment 160 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. calls on the EIB to step up its efforts in terms of communication; believes it is key to engage with EU citizens in order to better explain the aim of its policies; believes in this respect that a reflexion should be initiated regarding the possibility to offer options for more direct subscription by EU citizens to strenghten the funding capacities of the EIB as a way, inter alia, to concretely illustrate the contribution of the EU to the daily lives of its citizens;
Amendment 163 #
Motion for a resolution
Paragraph 17 b (new)
Paragraph 17 b (new)
17 b. recalls that the EIB group’s transparency policy is based on a presumption of disclosure and that everyone can access EIB group documents and information; calls on the EIB group to continue efforts to improve and increase its transparency practices, in line with recently undertaken improvements such as the publication of the minutes of its Board of Directors' meetings and the publication of the Scoreboard of indicators for projects supported by the EFSI guarantee; stresses, however, the importance of properly taking into account the EIB’s role as a financial institution that works with the private sector and which requires the strict protection of commercially sensitive information, in line with the respective EU legal framework;