13 Amendments of Eric MINARDI related to 2023/2229(INI)
Amendment 4 #
Motion for a resolution
Recital A
Recital A
A. whereas under Article 309 TFEU, the EIB is tasked with contributing to the achievement of the EU’s objectives, by having recourse to the capital market and utilising its own resources, to the balanced and steady development of the internal market in the interest of the Union;
Amendment 14 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Reiterates its call for a capital increase; eExpects the EIB to ensure that its financing contributes to addressing market failures and avoids crowding-out effects, without increasing its overall financing costs;
Amendment 20 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Calls on the EIB to address systemic shortcomings that prevent certain regions or countries from taking full advantage of its financial activities without jeopardising the commercial viability of its portfolio;
Amendment 28 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses the role of the European Investment Fund in improving access to finance for smaller EU companies, mid- caps and start-ups; calls on the EIB to provide additional growth capital to enable small and medium-sized enterprises to scale up their operations, especially in times of severe crisis, including through cooperation with National Support Banks and local banking networks;
Amendment 63 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Takes note of the EIB´s interest in financing green hydrogen production in India for EUR 1 billion; recalls that India scores a dismal 40/100 on the Transparency International Corruption Perceptions Index; calls on the EIB to step up its anti-corruption rules and finally adopt a credible and effective anti- money laundering framework to prevent EIB money from being used to bribe officials, or other illicit and illegal activities;
Amendment 90 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. ExpectsCalls on the EIB to phase out EIB Global’´s activities to remain aligned wiin light of the ongoing economic crisis in the EU strategic interests and external policy objectives; expects EIB Global to ensure that investments clearly benefit recipient communities, by safeguarding natural heritage, enhancing climate resilience, creating local jobs and alleviating povertyfollowing the COVID crisis, the ongoing trade war between our main trading partners, long periods of unusually high inflation and interest rates, and the accumulation of unprecedented levels of public debt, which will curb the investment capabilities of individiual Member States, especially those where investments are most needed; calls on the EIB to adopt a Europe First Strategy and Principle;
Amendment 98 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Takes note of the EIB Global strategic roadmap and the expectationregrets that it will facilitate at least one third of the EUR 300 billion in investments set out to be generated by the end of 2027; expresses concern over the lack of inclusive and meaningful consultations with stakeholders who are impacted by its operations; calls for more support for projects with limited bankability and high public returns, investments that are desperately needed within the EU; reiterates its call for EIB Global to limit blending operations to areas where they can add value to the local economy and to ensure that blended finance is not used for essential public services;
Amendment 106 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Reiterates its call for clear and binding rules to complement the information note summarising EIB Global’s approach to human rights, corruption and anti-money laundering and terrorist financing, in particular on assessment and disengagement; expresses particular concern that, since 2015, the EIB has not required project promoters to carry out any standalone human rights impact assessments;
Amendment 107 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23 a. Is concerned about the EIB's involvement of a project of the now bankrupt Kenyan construction company Spencon, which shows that EIB money has been used to pay out bribes to local officials or pay for illegal activities, including a EUR 80,000 cash payment to engineers for onsite inspections on a sewage treatment plant; regrets that the EIB closed the case rapidly in 2020 and only opened it again in 2022 after pressure from civil society organisations; regrets that OLAF did not pursue the case; highlights that the Spencon case underlines the need for the EIB to step up its anti-corruption framework, despite the fact that bribes are common practice in many countries where EIB Global operates;
Amendment 114 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Is concerned that the EIB is falling behind other public financial institutions in terms of transparency and in ensuring that no harm is done by its intermediated investments, as it rated only ‘fair’ on the 2023 Foreign Direct Investment Transparency Index; recalls that the EIB’s transparency policy runs counter to the presumption of disclosure and is not aligned with the applicable exceptions listed in Regulation (EC) No 1049/20013 and Regulation (EC) No 1367/20064 ; urges the EIB to implement the European Ombudsman’s recommendations of 20 November 2023 from Case 2252/2022/OAM and of 21 April 2022 from Case 1251/2020/PB to allow for a meaningful assessment of the environmental and social aspects of projects it is considering for funding; calls for the timely publication of the minutes of the EIB's Broad of Directors; _________________ 3 Regulation (EC) No 1049/2001 of the European Parliament and of the Council of 30 May 2001 regarding public access to European Parliament, Council and Commission documents (OJ L 145, 31.5.2001, p. 43). 4 Regulation (EC) No 1367/2006 of the European Parliament and of the Council of 6 September 2006 on the application of the provisions of the Aarhus Convention on Access to Information, Public Participation in Decision-making and Access to Justice in Environmental Matters to Community institutions and bodies (OJ L 264, 25.9.2006, p. 13).
Amendment 123 #
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Is concerned that the EIB has, at least once, failed to conduct a full inquiry into allegations of bribery and misuse of funds involving a financial intermediary outside the EU; calls on the EIB to reopen all such cases and to disclose annually the rate of recovery of funds lent in the event of proven fraud;
Amendment 124 #
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Regrets that a sitting Vice- President of the European Parliament, Nicola Beer, has seamlessly, without a cooling-off period, been appointed Vice- President of the European Investment Bank as of 1 January 2024; regrets the decision, which is it at odds with good governance rules on revolving doors;
Amendment 129 #
Motion for a resolution
Paragraph 25 b (new)
Paragraph 25 b (new)
25 b. Notes with concern the continued increase in administrative overheads, which is mainly due to the rise in staff related costs; calls on the EIB to exercise cost discipline and to preserve the flexibility and efficiency of this management structure;