4 Amendments of Julia PITERA related to 2018/0243(COD)
Amendment 964 #
Proposal for a regulation
Article 25 – paragraph 4 a (new)
Article 25 – paragraph 4 a (new)
4 a. By way of further derogation from Article 209(3) of the Financial Regulation, repayments and revenues generated by investments under the existing endowments of the ACP Investment Facility shall be considered as revolving assets intended for investment in the sectors and regions covered by the ACP Investment Facility and shall continue to be managed by the EIB. If at any point the Commission or the Council propose for all such assets and liabilities to be transferred to the Union in accordance with [Article 25 of] the Financial Regulation, the legislative acts concerning the future functioning of the ACP Investment Facility shall be prepared in close dialogue with the EIB, in particular taking into account the EIB’s contractual obligations to lend that might be existing at that time.
Amendment 966 #
Proposal for a regulation
Article 26 – paragraph 1 – subparagraph –1 (new)
Article 26 – paragraph 1 – subparagraph –1 (new)
-1 The EIB Group shall, under chapter IV of this regulation, inter alia: a. indirectly manage and implement the ELM+; b. provide all strategic banking and risk management competences required by the Commission, including those related to the operational management of the EFSD+ Guarantee; c. provide a written opinion on banking- related matters to accompany each Commission proposal for investment windows under the EFSD+ guarantee; d. be an eligible counterpart for managing and implementing activities under EFSD+. Notwithstanding the above, the Commission and the EIB Group may agree on any other role of the EIB Group as part of the implementation of the External Investment Framework in line with the Statute of the relevant EIB Group entity and role under the Treaty.
Amendment 969 #
Proposal for a regulation
Article 26 – paragraph 1 – subparagraph 1
Article 26 – paragraph 1 – subparagraph 1
The financial envelope referred to in Article (6)(2)(a) shall finance the European Fund for Sustainable Development Plus (EFSD+), the External Lending Mandate of the EIB, and the External Action Guarantee.
Amendment 971 #
Proposal for a regulation
Article 26 – paragraph 1 – subparagraph 1 a (new)
Article 26 – paragraph 1 – subparagraph 1 a (new)
The ELM+ is established as a budgetary guarantee managed indirectly by the EIB Group, providing commercial and political risk cover for financially sustainable projects in the public sector and political risk cover for financially sustainable projects in the private sector, each worldwide outside the Union.