12 Amendments of Paavo VÄYRYNEN related to 2016/0281(COD)
Amendment 84 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) Investments under the EFSD should focus on supporting micro enterprises and SMEs from developing countries, in order to create decent, sustainable and inclusive jobs, offer economic opportunities for women and young people and engage in a just transition towards a green and circular economy.
Amendment 104 #
Proposal for a regulation
Recital 4
Recital 4
(4) The EIP should provide an integrated financial package to finance investments starting in regions of Africa for countries that are signatories to the Partnership Agreement between 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 creatingmaking sure not to increase debt risks or macroeconomic vulnerability, thereby supporting longer term development through green and inclusive growth and employment opportunities, maximising additionality, delivering innovative products, and crowding-in private sector funds. __________________ 22 OJ L 317, 15.12.2000 as last amended by OJ L 287, 4.11.2010
Amendment 127 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) The EFSD should deploy innovative instruments to support investments and involve the private sector in particular local micro-, small- and medium-sized enterprises, targeting areas which can help achieve sustainable development outcome. Bottlenecks and obstacles to domestic and foreign investments need to be addressed in this respect.
Amendment 151 #
Proposal for a regulation
Recital 15
Recital 15
(15) As the funds of the EDF are to be used for the countries eligible under the 11th European Development Fund (EDF)25, it requires the allocation of a minimum of EUR 400 000 000 of EFSD Guarantee coverage for investments throughout the implementation period of the EFSD Guarantee. The EFSD Guarantee should only become available when EUR 400 000 000 of 11th EDF funds have been allocated to the EFSD Guarantee Fund. As the funds of EDF are to be used, the EFSD Guarantee should comprise investments in the areas from which the original funds had been diverted. Commitments to ensure EDF funding is ODA eligible as well as upcoming decisions to be made by the OECD DAC on private sector instruments are to be respected. __________________ 25 Internal Agreement between the Representatives of the Governments of the Member States of the European Union, meeting within the Council, on the financing of European Union aid under the multiannual financial framework for the period 2014 to 2020, in accordance with the ACP-EU Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the Treaty on the Functioning of the European Union applies (OJ L 210, 6.8.2013, p. 1).
Amendment 165 #
Proposal for a regulation
Recital 17
Recital 17
(17) In order to take into account lessons learned and allow for further evolvement of the EFSD, the functioning of the EFSD and the use of the EFSD Guarantee Fund should be evaluated by the Commission and subjected to an annual consultation process with relevant stakeholders, including civil society organizations. The application of this Regulation should be evaluated independently in order to assess the level of conformity of the implementation with the legal basis, but also to establish the applicability and practicability of the Regulation in the achievement of its objectives.
Amendment 168 #
Proposal for a regulation
Recital 19
Recital 19
(19) In order to contribute to the international fight against tax fraud, tax evasion, fraud, corruption and money- laundering, all financing through EFSD should be provided in a completely transparent manner. Furthermore the eligible counterparts should not support any activities carried out for illegal purposes and should notnor participate in any financing or investment operation through a vehicle located in a non-cooperative jurisdiction. or in tax haven. Counterparts shall also refrain from making any use of tax avoidance or aggressive tax planning schemes.
Amendment 179 #
Proposal for a regulation
Article 2 – paragraph 1 – point 5
Article 2 – paragraph 1 – point 5
(5) 'additionality' means the principleevidence based operational approach ensuring that the EFSD Guarantee support contributes to sustainable development by achieving positive results above and beyond what could have been achieved without the support. It may not be aimed at replacing the support of a Member State, private funding or another Union financial intervention, as well as that it is aimed at addressing market failures and avoiding crowding out other public or private investments. It aims to bring development and value additionality as essential parts.
Amendment 221 #
Proposal for a regulation
Article 5 – paragraph 2 b (new)
Article 5 – paragraph 2 b (new)
2b. The strategic board should organize annual consultations of relevant stakeholders on the orientation and the implementation of the EFSD as well as the impact on the eradication of poverty and reduction of inequalities. This shall take the form of a civil society advisory board which will ensure that the environmental, social and human rights standards are adequately implemented and respected.
Amendment 243 #
Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)
Article 8 – paragraph 1 – point a a (new)
(aa) achieve the Sustainable Development Goals of the 2030 Agenda with a specific focus on poverty eradication, reducing inequalities and domestic resource mobilisation;
Amendment 256 #
Proposal for a regulation
Article 8 – paragraph 1 – point c
Article 8 – paragraph 1 – point c
(c) provide finance, including in local currency, and capacity development programmes in favour of micro-, small- and medium-sized enterprises with a particular focus on private and cooperative sector development in partner countries;
Amendment 272 #
Proposal for a regulation
Article 8 – paragraph 2 – point a
Article 8 – paragraph 2 – point a
(a) provide additionality; in particular, development additionality as defined in article 2;
Amendment 277 #
Proposal for a regulation
Article 8 – paragraph 2 – point c a (new)
Article 8 – paragraph 2 – point c a (new)
(ca) respect the principles of development effectiveness including untied aid, democratic ownership, alignment and mutual accountability;