Activities of Dragoş PÎSLARU related to 2019/2126(INI)
Shadow opinions (1)
OPINION on the financial activities of the European Investment Bank – annual report 2019
Amendments (6)
Amendment 7 #
Draft opinion
Paragraph 1
Paragraph 1
1. Highlights the importance of the activities of the European Investment Bank (EIB) to increase the current levels of investment in the EU, which are below historical averages and insufficient to fulfil the EU’s sustainability, social, economic and innovation ambitions; stresses that in order to achieve these ambitions, more risk- taking by the EIB may be necessary in parallel to increasing equity and the development of expertise in innovative funding instruments; calls for adequate capitalisation of the EIB to allow for the use of innovative instruments in the financing of projects with substantial potential sustainability, social and innovation gains in the financing of projects with substantial potential sustainability, social, economic, competitiveness and innovation gains;emphasizes the impact and additionalityof EIB to investments across the EU and appreciates its openness to cooperation with partners stated in their 2019 operational plan;
Amendment 22 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the commitment by the Commission President-elect to turn sections of the EIB into a climate bank, and the commitments from the EIB President to increase the share of EIB financing for climate action and environmental sustainability to at least 50 % by 2025 and to align all EIB financing activities with the goals of the Paris Agreement by the end of 2020 and the principles of the upcoming EU Green Deal; calls on the Commission to present an ambitious new European Sustainable Investment Plan, including additional financial commitments, as soon as possible, and to fully support the EIB in its sustainability ambitions;
Amendment 39 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobiliszing EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectiveare framed under either or both sustainability and infrastructure and social investment and skills windows; calls on the Commission to ensure that InvestEU’s sustainability-proofing methodologies are fully consistent with the EU’s sustainability objectives and that social projects evaluation criteria take into account the principles of the European Pillar of Social Rights;
Amendment 49 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Emphasizes the key role that EIB plays in EU’s objective to compete in global economy through enhanced innovation and further adoption of digital technologies; calls on the EIB to further promote and provide financial support for investment in digital technologies, digital skills of employees and entrepreneurs, digital infrastructure and capacity- building for entities that require support throughout the digitalization process;
Amendment 52 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4 b. Takes note of the results of the EIB investment report 2019/2020 with regards to the SMEs and mid-caps finance; stresses the need to develop increased efforts and methods to facilitate access to finance for SMEs and mid-caps across the EU territory and welcomes in this sense the EIB role in the SMEs window budget guarantee of the InvestEU Fund; calls on the EIB to continue and improve its work to tackle barriers to the entry and growth of young SMEs, mid- caps, start-ups and scale-ups and the disparities across countries in the external financing for EU small businesses;
Amendment 65 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the EIB group to be more transparent about its economic operations, its use of the EU budget guarantee, the additionality of EIB operations and on possible future plans for a development subsidiary at the EIB, and for the EIB group to improve its accountability on these issues; calls on the EIB to further communicate and promote through their liaison offices in the Member States its instruments to national and local public and private actors; calls for a memorandum of understanding between the EIB and Parliament to improve access to EIB documents and data related to strategic orientation and financing policies in the future in order to strengthen the Bank’s accountability.