Activities of Isabel SANTOS related to 2021/2252(INI)
Plenary speeches (1)
The future European Financial Architecture for Development (debate)
Opinions (1)
OPINION on the future European financial architecture for development
Amendments (9)
Amendment 4 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Notes the central role of NDICI- Global Europe, including its European Fund for Sustainable Development Plus (EFSD+), in providing the policy steer and key priorities for the European Financial Architecture for Development (EFAD); is remindful of the need for the European Parliament’s close involvement to enable general orientation and scrutiny of the programming and implementation;
Amendment 5 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Recalls that the EFAD shall be based on an inclusive architecture, working with all European development banks and financial institutions, building on their respective expertise and added value, contributing to stronger development impact and additionality; calls on the Commission to propose concrete and timely actions to strengthen cooperation among those actors and to promote inclusive partnerships with smaller European development finance institutions in a Team Europe spirit, including through a tailored approach to support the latter in accessing to financing and in their pillar assessment applications;
Amendment 10 #
Draft opinion
Paragraph 2
Paragraph 2
2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer, under the appropriate political guidance, to ensure consistency of EU action as Team Europe by proposing concrete actions for applying the enhanced EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic autonomy and promote the EU’s values through its partnerships;
Amendment 16 #
Draft opinion
Paragraph 3
Paragraph 3
3. Reaffirms the specific role and responsibility of the European Investment Bank (EIB) as the EU’s financial arm with a global reach; calls for the EIB to be further capitalised on as an exclusively EU-owned tool for reinforcing its operations in support of the EU’s external policy priorities and ensure inclusive association with European development banks and financial institutions under a Team Europe approach; welcomes, in this regard, the establishment of EIB Global;
Amendment 19 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the significantly enhanced open architecture under the European Fund for Sustainable Development Plus (EFSD+) and calls on the Commission and Member States to provide the EIB, the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions with a reliable and enhanced operational environment, where they can effectively undertake their strengthened roles in external lending operations and mobilise resources from the private sector; is cognizant of the fact that resources of the magnitude required for the relevant initiatives such as the Global Gateway will not be attained in the absence of public and private actors joining forces; calls on the EIB, the EBRD and other European Development Finance Institutions to strengthen cooperation and coordination and to concentrate on their specific added value operations as well as on delivery and development impact on the ground;
Amendment 25 #
Draft opinion
Paragraph 5
Paragraph 5
5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case to further promote our values and interests, while leaving no one behind; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; emphasises that Parliament’s close involvement in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy;
Amendment 27 #
Draft opinion
Paragraph 5
Paragraph 5
5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; emphasises that Parliament’s close involvement and scrutiny in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy;
Amendment 29 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Underlines in this context that the EFAD requires a decentralised approach to be successfully implemented, and thus recalls the need to strengthen the role of EU Delegations as focal points to facilitate upstream discussions with Member States, the EIB, the European Development Finance Institutions, private sector actors and other partners on the ground in a Team Europe approach;
Amendment 33 #
Draft opinion
Paragraph 6
Paragraph 6
6. Recognises that the EFAD is focused on most vulnerable regions and where the needs are greatest, notably least developed and fragile countries, especially in Sub-Saharan Africa, but urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external operations are concentrated in accession and neighbourhood countries where the EU needs to deliver on the recently launched Economic and Investment Plans for the Western Balkans as well as in the Eastern and Southern Neighbourhoods; calls in this regard for the EIB and EBRD’s operations and role to be strengthened with enhanced cooperation through concrete actions.