Activities of Miguel URBÁN CRESPO related to 2020/2124(INI)
Shadow opinions (1)
OPINION on Financial Activities of the European Investment Bank - annual report 2020
Amendments (6)
Amendment 4 #
Draft opinion
Recital A a (new)
Recital A a (new)
A a. whereas recent studies cast doubts on the effectiveness of blending finance in pursuing development objectives
Amendment 10 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Believes that the projects financed by the EIB in developing countries must be coherent with EU Policy Coherence for Development, in particular with the achievement of the SDGs, the commitments of the Paris agreement and the green deal and respect the ILO core conventions;
Amendment 18 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Believes that the primary objective for EIB interventions in developing countries should be supporting local development and actors, projects aiming to reduce inequalities and poverty , climate change mitigation, strengthening public services and supporting domestic resource mobilization;
Amendment 21 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. calls the EIB to avoid supporting speculative funds, such as private equity funds, whose purposes are not those of development support
Amendment 23 #
Draft opinion
Paragraph 3
Paragraph 3
3. Calls on the EIB to maximise additionality and the development impact of its operations outside the Union by increasing its engagement in LDCs, enhancing the transparency of operations carried out by financial intermediaries, cooperating with EU delegations, and increasing its presence on the ground where necessary; The EIB should only finance clients that demonstrate willingness and experience in positive sustainable development impacts, and refrain supporting those primarily seeking profit maximisation, such as investment funds.
Amendment 38 #
4. Recalls the need for robust ex ante impact assessments to mitigate the risks of EIB operations on human rights and on environmental, labour and social standards, and the need for meaningful consultations with stakeholders, including civil society organisations; stresses that the EIB needs to deal with complaints in a transparent and effective manner; insists on the EIB making astringent use of its Non- Cooperative Jurisdiction Policy so that its operations do not contribute to tax evasion or avoidance;