Activities of Gay MITCHELL related to 2008/2155(INI)
Reports (1)
REPORT Report on 2007 Annual Reports of the European Investment Bank and the European Bank for Reconstruction and Development PDF (213 KB) DOC (140 KB)
Amendments (22)
Amendment 1 #
Motion for a resolution
Citation 31 a (new)
Citation 31 a (new)
- having regard to the conclusions of the Presidency of the European Council meeting in Brussels of 11 and 12 December 2008 concerning economic and financial questions,
Amendment 2 #
Motion for a resolution
Citation 31 b (new)
Citation 31 b (new)
- having regard to the EIB's "SME Consultation 2007/2008 Findings and Conclusions" and to the subsequent modernising and strengthening of the EIB Group's support for European SMEs,
Amendment 12 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
Ia. whereas the Decision 2006/1016/EC on the EIB external mandate foresees EUR 25.8 billion of loans being available over the period 2007-2013 broken down by region as follows: Pre-Accession countries, including Croatia and Turkey EUR 8.7 billion; Mediterranean 8.7 billion; Eastern Europe, Southern Caucasus and Russia EUR 3.7 billion; Latin America EUR 2.8 billion; and Asia EUR 1 billion; and the Republic of South Africa EUR 0.9 billion,
Amendment 13 #
Motion for a resolution
Recital L a (new)
Recital L a (new)
Amendment 14 #
Motion for a resolution
Recital L b (new)
Recital L b (new)
Lb. whereas EBRD equity investments increased in 2007 from EUR 1 billion in 2006 to EUR 1.7 billion in 2007 and the equity share of the Bank's annual business volume increased from 20 per cent in 2006 to 30 per cent in 2007,
Amendment 15 #
Motion for a resolution
Recital P a (new)
Recital P a (new)
Pa. whereas the EIB Group continues to actively support SMEs via loans as well as venture capital and loan guarantees, the latter two activities through the European Investment Fund,
Amendment 16 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Notes that the EIB is the only Treaty based financial institution and that the majority of its operations are concentrated on projects in the Members States, while it has an increasingly important role to play also outside of the EU's borders as stipulated in the Decision 2006/1016/EC;
Amendment 19 #
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Welcomes the decision by the EIB to increase its total lending volume by some 30% (EUR 15 billion) in both 2009 and 2010 in order to mitigate the current financial and economic crisis in response to the request of Member States and the decision to increase the EIB's subscribed capital by some EUR 67 billion to EUR 232 billion;
Amendment 24 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Notes that EIB borrowing and lending activity both inside and outside the EU has progressively increased and constitutes today the main tool for borrowing (i.e. issuing of bonds) and lending activity at EU level; takes the view that the EIB should maximize this borrowing potential by continuing to issue bonds - in particular euro dominated bonds - both inside and outside the EU in order to support EU policy objectives as a public policy-driven bank;
Amendment 30 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes with satisfaction the systematic follow-up undertakendone by the EIB on Parliament's recommendations in recent yearsrecommendations from the European Parliament in recent years. Recommends that this follow-up be made available to the general public in context of the EIB Annual Report;
Amendment 33 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Welcomes the development and publication of the EIB sectoral operational policies in the energy, transport, and water sectors made in 2007 and recognises them as an important step towards increasing the transparency of the EIB lending operations;
Amendment 35 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
Amendment 36 #
Motion for a resolution
Paragraph 3 c (new)
Paragraph 3 c (new)
3c. Welcomes the review of the EIB Statement on Environmental and Social Standards and Principles made in 2008. Takes the view that the Bank should allocate sufficient resources for the implementation of the new Statement and produce a report on its functioning;
Amendment 38 #
Motion for a resolution
Paragraph 3 d (new)
Paragraph 3 d (new)
3d. Welcomes the progress made by the EBRD in introducing gender mainstreaming in 2008; urges both banks to strengthen the mainstreaming of gender equality in their institutional structures and external policies;
Amendment 39 #
Motion for a resolution
Paragraph 3 e (new)
Paragraph 3 e (new)
3e. Calls on the European Council to urgently explore a role for the EIB in a European Economic Recovery Plan along the lines of the Marshall Plan;
Amendment 45 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Notes that the EBRD operates primarily outside of the border of the Union, but that some operations continue to remain important also in EU Member States;
Amendment 46 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Welcomes the decision of the EBRD to increase the Bank’s annual business volume in 2009 of about 20 per cent to approximately EUR 7 billion in order to mitigate the current financial and economic crisis and notes that half of the 1 billion in extra spending in 2009 is earmarked for central and Eastern Europe;
Amendment 49 #
Motion for a resolution
Paragraph 11 – point a
Paragraph 11 – point a
(a) both banks have an improved functional division of labour on a path towards greater specialisation in order to focus on their respective skills and strengths, such as large-scale financing capacities by EIB and local level presence and knowledge by EBRD;
Amendment 57 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Recommends that the shareholders of the EIB consider an increase of the banks ownership of the EBRD, in particular in the case that a current shareholder of the EBRD is considering a withdrawal of its ownership in the bank; considers that this may in the longer run support better coherence of policies and specialisation of the two banks both from a functional and a geographical point of view;
Amendment 60 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Recalls the importance of the agreement stipulated in the "The European Consensus" according to which there should be a strengthening of the synergies between the programmes supported by the EIB and other financial institutions and those financed by the Community in order to guarantee a maximum impact for the beneficiary countries; stresses the need to take the interest of the beneficiaries as the main guideline;
Amendment 85 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recommends thea rapid establishment of an inter-institutional groupagreement between the Parliament, the Council and the Commission to discuss how to proceed after the judgmentfollowing the ruling of the Court (case C-155/07) without endangering the continuity of the external financial operations of the EIB; recommends that the EIB take part in those discussions as an observer;
Amendment 93 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Recommends, therefore, tohat the Steering Committee for the purposes of the mid- term review, that it finalise its work bin early 20109 and invites the Chairman of the Committee to report on its conclusions to the Parliament soon thereafter; rRequests that Parliament participation on the Steering Committee, at least at an observer levelto be regularly informed of developments by the Steering Committee;