Activities of Lola SÁNCHEZ CALDENTEY related to 2016/0281(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund PDF (1006 KB) DOC (137 KB)
Amendments (24)
Amendment 78 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Union's ambitious External Investment Plan (EIP) is needed to support investments starting in Africa and the Union's Neighbourhood as a means to promote the sustainable development goals of the United Nations 2030 Agenda for Sustainable Development ('the 2030 Agenda') as well as the commitments under the recently revised European Neighbourhood Policy thus addressing root causes of migration. It should also contribute to the implementation of the Paris Agreement on Climate Change (COP 21), essentially poverty and inequality reduction, in alignment with the internationally agreed development effectiveness principles (ownership, alignment with national strategies, harmonization, democratic accountability and results). It should also contribute to the implementation of the Paris Agreement on Climate Change (COP 21). The EU external investment should focus in the people more in need and on those areas more affected or likely to be affected by climate change.
Amendment 94 #
Proposal for a regulation
Recital 3
Recital 3
Amendment 101 #
Proposal for a regulation
Recital 4
Recital 4
(4) The EIPFSD should provide an integrated financial package to finance investments starting in regions of Africa for countries that are signatories to the Pafoster decent job creation, sustainable and equitable economic opportunities for all, with particular focus on youth and on furtnhership Agreement betweening gender equality and 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, and crowding-in private sector fundspowerment of women in line with the EU Gender Action Plan 2016-2020, while strengthening the rule of law, good governance, and human rights and respect for equitable access to and use of natural resources in any country. __________________ 22 OJ L 317, 15.12.2000 as last amended by OJ L 287, 4.11.2010
Amendment 173 #
Proposal for a regulation
Recital 20
Recital 20
(20) In order to fulfil the political commitments of the EU on renewable energy, energy efficiency and climate change mitigation and adaptation, a minimum share of 240% ofor the funding should be allocated under the EFSD should be devoted to financing and investment operations relevant for these sectors thus contributing to the implementation of the Paris Agreement on Climate Change. When investments under the EFSD, the European Commission should also mainstream environmental sustainability criterion in all projects.
Amendment 184 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1a. A goal to be achieved is to reinforce the development cooperation policies focused in those most in need with a special focus on combating poverty and reducing inequalities. The funds have to be provided to feasible investment projects which in alignment with TEU Art 21 and the sustainable development goals, while following internationally agree development effectiveness principles and including local communities wills, without any detriment against the freedom of people's mobility.
Amendment 185 #
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 sustainablprinciples underpinning the 2030 Agenda on Sustainable Development, such as that of leave no one behind, as well as all the Goals and targets therein, with an especially focus on combating poverty and inequalities, and shall be guided by the objectives set out in Articles 21 TEU and 208 TFEU and the internationally agreed development effectiveness principles- especially ownership, alignment, harmonisation, democratic accountability and results-, thus contributing to the Union's development objectives, with a particular focus on poverty eradication, inequality reductions, long-term sustainable and inclusive growth, decent job creation, technology transfer and the sharing of knowledge, socio-economic sectors and on the support to micro, small and medium sized enterprises, thus addressing. In so doing, the EFSD shall, inter alia, contribute to addressing specific socio-economic root causes of forced 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 fund(poverty, inequality, demographic growth, lack of employment and economic opportunities and climate change among others) and foster sustainable reintegration of migrants when voluntarily willing to return to their countries of origin or transit, as well as strengthen resilience of host communities.
Amendment 202 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. The management of the EFSD shall be ensured by the Commission., taking into account the guidelines and criteria proposed by the European Parliament and, with the democratic participation in the process of people and local communities from the regions where the investment would take place
Amendment 212 #
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
2. The strategic board shall be composed of representatives of the Commission and of the High Representative of the Union for Foreign Affairs and Security Policy (High Representative), of the Member States and of the EIB. The European Parliament and representatives of local communities shall be invited as observers in order to enhance transparency and democratic accountability; The Commission may invite other contributors to become membobservers of the strategic board having regard where appropriate to the view of the board. Partner Countries and relevant regional organisations, the eligible counterparts and the European Parliament may be given observer status, where appropriate. The strategic board shall be co-chaired by the Commission and the High Representative. The recommendations of the European Parliament shall be guide the priority lines of the Strategic Board. The European Parliament has to shall be duly informed about the accomplishment of them with an annual report.
Amendment 236 #
Proposal for a regulation
Article 8 – paragraph 1 – point a
Article 8 – paragraph 1 – point a
(a) contribute to economic, endogenous and social development, with particular focus on sustainability and job creation (in particular for youth and women), thus addressingthe achievement of the Sustainable Development Goals, having its essential focus on poverty eradication and inequality reductions; This operations shall be guided by the objectives set out in Articles 21 TEU and 208 TFEU and the internationally agreed development effectiveness principles- especially ownership, alignment, harmonization, democratic accountability and results-, thus contributing to the Union's development policy objectives, with a particular focus on poverty eradication, inequality reductions, long- term sustainable and inclusive growth, decent job creation, technology transfer and the sharing of knowledge, socio- economic sectors and on the support to local micro, small and medium sized enterprises. In so doing, the EFSD shall, inter alia, contribute to addressing specific socio-economic root causes of forced migration and contributing to sustainable reintegration of returned migrants in their countries of origin; (poverty, inequality, demographic growth, lack of employment and economic opportunities and climate change among others), and foster sustainable reintegration of migrants when voluntarily willing to return to their countries of origin or transit, as well as strengthen resilience of host communities by boosting the creation of sustainable and decent jobs, in particular for youth and women;
Amendment 242 #
Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)
Article 8 – paragraph 1 – point a a (new)
(aa) The financing and investment operations eligible for support through the EFSD Guarantee shall never be used as a form of conditionality for beneficiary countries cooperation with the EU on migration issues;
Amendment 244 #
Proposal for a regulation
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(b) targetstrengthen socio-economic sectors, in particular infrastructure including sustainclean and renewable energy, water, transportlow-carbon mobility, green technology, information and communications technologies, environment, sustainable use of natural resources and blue growth, social infrastructure, human capital, in order to improve the socio-economic environment;ustainable consumption and production, human capital, with the objective of promoting an inclusive and sustainable socio-economic development that benefits all and leaves no one behind
Amendment 260 #
Proposal for a regulation
Article 8 – paragraph 1 – point c
Article 8 – paragraph 1 – point c
(c) provide finance in favour of local micro-, small- and medium-sized enterprises with a particular focus on private sector developmentsustainably boosting local community economy;
Amendment 266 #
Proposal for a regulation
Article 8 – paragraph 1 – point d
Article 8 – paragraph 1 – point d
(d) provide sustainable financial instruments aimed at addressing the bottlenecks to privatelocal investments, including first loss guarantees to portfolios guarantees to private sectorlocal projects such as loan guarantees for small and medium-sized enterprises and guarantees for specific risks for infrastructure projects and other risk capital;
Amendment 269 #
Proposal for a regulation
Article 8 – paragraph 1 – point e
Article 8 – paragraph 1 – point e
Amendment 278 #
Proposal for a regulation
Article 8 – paragraph 2 – point d
Article 8 – paragraph 2 – point d
(d) are technically viable and are sustainable from an environmental and social point of view while respecting human rights; and
Amendment 279 #
Proposal for a regulation
Article 8 – paragraph 2 – point e
Article 8 – paragraph 2 – point e
(e) maximise the mobilisation of private sector capitallocal investment capacity, ensuring that private investment aligns with democratically agreed socially useful public projects, while being also responsible of the investment in order to avoid the privatization of profits and the socialization of loses which could derivate from the investments.
Amendment 305 #
Proposal for a regulation
Article 9 – paragraph 1 – point e
Article 9 – paragraph 1 – point e
Amendment 306 #
Proposal for a regulation
Article 10 – paragraph 1 – point e
Article 10 – paragraph 1 – point e
Amendment 308 #
Proposal for a regulation
Article 10 – paragraph 1 – point f
Article 10 – paragraph 1 – point f
Amendment 315 #
Proposal for a regulation
Article 11 – paragraph 1 a (new)
Article 11 – paragraph 1 a (new)
11a. An assessment of the additionality and of compliance with the internationally agreed development effectiveness principles, the mobilisation of private sector resources, the estimated and actual outputs and the outcomes and impact of the financing and investment operations covered by the EFSD Guarantee on aggregated basis, including the impact on sustainable development, especially on poverty and inequalities reduction and decent job creation, climate change, gender equality and eradication of poverty in the long term; This assessment shall be complemented by a publicly available online platform containing the disaggregated data in an open source, machine readable format and the open publication of other related documents, including project plans, environmental, gender, and social impact assessments, reports and impact evaluations. The platform should include the names of beneficial owners of EFSD project promoters and that all final beneficiaries are disclosed to the public.
Amendment 357 #
Proposal for a regulation
Article 15 – paragraph 1 – point h a (new)
Article 15 – paragraph 1 – point h a (new)
(ha) An assessment of the compliance of EFSD projects with the principles of EU External Action as set out in Article 21 of EU Treaties.
Amendment 360 #
Proposal for a regulation
Article 15 – paragraph 1 – point h b (new)
Article 15 – paragraph 1 – point h b (new)
(hb) An assessment of the compliance of EFSD projects with the internationally agreed development effectiveness principles.
Amendment 372 #
Proposal for a regulation
Article 17 – paragraph 1 a (new)
Article 17 – paragraph 1 a (new)
1a. Grievance and redress mechanism The guarantee should be granted in priority to counterparts who have in their governance structure an efficient and independent grievance mechanism. The European Commission shall establish during the first year of operations of the EFSD an EU centralised Grievance Mechanism for all EFSD supported projects. This grievance mechanism shall be contacted directly by stakeholders affected by EFSD operations, and by stakeholders dissatisfied with how their complaints are addressed by the grievance mechanisms of EFSD counterparts. The European Commission shall assess the possibility for the European Ombudsman to host this Grievance Mechanism.
Amendment 382 #
Proposal for a regulation
Article 20 – paragraph 2 a (new)
Article 20 – paragraph 2 a (new)
2a. In order to be eligible for financing under the EFSD, all beneficiaries, whether corporations or financial intermediaries, that are incorporated in different jurisdictions have to disclose country level information about their sales, assets, employees, profits and tax payments in each country in which they operate in their audited annual reports.