14 Amendments of Fabio Massimo CASTALDO related to 2016/0281(COD)
Amendment 91 #
Proposal for a regulation
Recital 2
Recital 2
(2) The EIP should incorporate the Union commitment under the Addis Ababa Action Agenda on Financing for Development. It should also allow European investors and private companies, including particular small and medium-sized enterprises, to participate more effectively to sustainable development in partner countries.
Amendment 105 #
Proposal for a regulation
Recital 4
Recital 4
(4) The EIP should provide an integrated financial package to finance investments starting in regions of Africa for countries that are signatories to the Partnership Agreement between the members of the African, Caribbean and Pacific Group of States of the one part, and the European Community and its member States, of the other part, signed in Cotonou on 23 June 200022 and the Neighbourhood countries, thereby creating growth and employment opportunities, maximising additionality, delivering innovative products, promoting sustainable development and a circular economy and crowding-in private sector funds. __________________ 22 OJ L 317, 15.12.2000 as last amended by OJ L 287, 4.11.2010
Amendment 135 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) The guarantee must not be used to fund major infrastructure projects which have a low impact on job creation and whose cost-benefit ratio renders the investment unsustainable. The guarantee should only fund projects whose implementation is not controversial from the environmental, financial and social points of view on the basis of an independent in-depth ex ante assessment and an adequate cost-benefit analysis.
Amendment 141 #
Proposal for a regulation
Recital 10
Recital 10
Amendment 162 #
Proposal for a regulation
Recital 16
Recital 16
(16) The Commission shouldmust report annually to the European Parliament and the Council on the financing and investment operations covered by the EFSD Guarantee with a view to ensuring full accountability to the European citizens. The report shouldmust be made public in order to allow relevant stakeholders, including civil society, to express their views. The Commission shouldmust also report annually to the European Parliament and the Council on the management of the EFSD Guarantee Fund so that accountability and transparency are ensured.
Amendment 194 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The EFSD shall contribute to the achievement of the Sustainable Development Goals of the 2030 Agenda with a particular focus on sustainable growth, job creationthe involvement of local communities, job creation, creation of a circular economy, socio-economic sectors and on the support to micro, small and medium sized enterprises, thus addressing root causes of migration and contributing to sustainable reintegration of returned migrants in their countries of origin while maximising additionality, delivering innovative products and crowding in private sector funds.
Amendment 226 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
1. The Union shall provide an irrevocable and unconditional guarantee on first demand guarantee to the eligible counterpart for the financing and investment operations covered by this Regulation starting in the African and Neighbourhood partner countries.
Amendment 249 #
Proposal for a regulation
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(b) target socio-economic sectors, in particular infrastructure including sustainable energy, water, transport, information and communications technologies, environment, sustainable use of natural resources and blue growth, social infrastructure, human capital, the circular economy, in order to improve the socio- economic environment;
Amendment 253 #
Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)
Article 8 – paragraph 1 – point b a (new)
(ba) involve people living in the areas concerned in planning the projects funded;
Amendment 263 #
Proposal for a regulation
Article 8 – paragraph 1 – point c
Article 8 – paragraph 1 – point c
(c) provide finance in favour of micro-, small- and medium-sized enterprises with a particular focus on local private sector development;
Amendment 284 #
Proposal for a regulation
Article 8 – paragraph 2 – point e a (new)
Article 8 – paragraph 2 – point e a (new)
(ea) are not in any way linked to non- cooperative jurisdictions;
Amendment 293 #
Proposal for a regulation
Article 8 – paragraph 2 a (new)
Article 8 – paragraph 2 a (new)
2a. The guarantee may not be used: (a) in the case of activities which encourage violations of the human rights of local and indigenous communities (land grabbing, paramilitary operations, activities in deforested areas), particularly in the countries affected by these phenomena; (b) in the case of large-scale infrastructure projects with a serious environmental impact and lacking in real added economic and social added value for the local population; (c) wherever there is any suspicion of environmental infringements and damage to society or to local communities, taking the precautionary principle into account;
Amendment 349 #
Proposal for a regulation
Article 15 – paragraph 1 – point a
Article 15 – paragraph 1 – point a
(a) an independent assessment of the financing and investment operations in operation and covered by the EFSD Guarantee, sector, country and regional levels and their compliance with this Regulation;
Amendment 355 #
Proposal for a regulation
Article 15 – paragraph 1 – point f
Article 15 – paragraph 1 – point f
(f) an independent assessment of the added value of financing and investment operations of the eligible counterparts, and of the aggregate risk associated with those operations;