Activities of Andrew LEWER related to 2016/2098(INI)
Shadow opinions (1)
OPINION on Annual report on the control of the financial activities of the EIB for 2015
Amendments (9)
Amendment 14 #
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges that the major EIB shareholders, i.e. Germany, France, the UK, Italy and Spain, received more than 50 % of financing in 2015, while the new Member States received less than 20 %; calls on the EIB to ensure that the distribution of loans and other financial instruments continues to be based upon prudent financial analysis with applications assessed fairly on their merit; asks the EIB and the Commission to provide more technical assistance to those Member States havingthat have a lower share in total EIB financingof EIB financing, provided that this can be achieved without an increase in the proportion of operational programme funds that can be allocated to technical assistance;
Amendment 21 #
Draft opinion
Paragraph 3
Paragraph 3
3. WelcomNotes the level of financing of the objectives of economic and social cohesion (EUR 17 634 billion) and rural and urban regeneration (EUR 5 467 billion);
Amendment 28 #
Draft opinion
Paragraph 4
Paragraph 4
4. Recognises that the quality of the loan portfolio remains high thanks to the prudent risk management policies pursued; requests the EIB, however, to increase itstherefore calls on the EIB to maintain its current level of risk appetite while maias Europe containing a high loan portfolio level; ues to recover from the economic crisis;
Amendment 36 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the EIB and the Commission to strengthen their cooperation in order to create more synergies between the ESI Funds and EIB financing instruments and loans; urges the EIB to strengthen its dialogue with Member States' national legislatures, bureaucracies and local authorities to improve understanding of how ESI funds and EIB financing - through schemes such as EFSI - can deliver projects as seamlessly as possible;
Amendment 46 #
Draft opinion
Paragraph 6
Paragraph 6
6. Is concerned that the SME Initiative is not delivering as planned; calls on the EIF to publish a report detailing the programme's successes and failures; urges the EIF to extend the programme beyond the original four nations only if its operation within these countries demonstrates a clear return on investment and scalability to widely different markets across the EU;
Amendment 52 #
Draft opinion
Paragraph 7
Paragraph 7
7. Requests the Member States to make full use of their allocation of ESI Funds and additionality, thus complementing EIB loans and financial instruments; asks, moreover, forif there is to be greater blending of grants with EIB financing, that the EIB spearheads this process as it has the expertise and a responsibility to shareholders that will help it deliver a return on its investments;
Amendment 63 #
Draft opinion
Paragraph 8
Paragraph 8
8. Calls on the EIB to increase its financing of economic and social cohesion as well as of the urban objectives; calls, moreover, for the development of special financial instruments for macroregional strategies, providing that Member States remain the primary actors in the creation of these instruments and that they are only implemented where they have Member States' approval;
Amendment 72 #
Draft opinion
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Notes the increase in the percentage of loans granted to projects located outside the European Union; while welcoming assistance to developing nations believes that the primary investment target for the EIB should be Europe itself, particularly as the continent continues its recovery from the economic crisis; calls on the EIB to ensure that Europe remains the investment priority particularly when the Commission's External Investment Plan for Africa gets underway;
Amendment 77 #
Draft opinion
Paragraph 9 b (new)
Paragraph 9 b (new)
9b. Regrets that the number of impaired loan contracts increased between 2014 and 2015, with total exposure rising by EUR 455 million to EUR 1.41 billion; calls on the Commission to review its risk management and project due diligence procedures to ensure that they are effectively tackling this escalating problem and to provide an update to the European Parliament on progress in 2017.