42 Amendments of Dimitrios PAPADIMOULIS related to 2018/2161(INI)
Amendment 2 #
Motion for a resolution
Citation 10 a (new)
Citation 10 a (new)
- having regard to the 15 December 2010 EIB Policy towards weakly regulated, non-transparent and uncooperative jurisdictions and the 8 |April 2014 addendum to the NCJ Policy;
Amendment 4 #
Motion for a resolution
Citation 10 b (new)
Citation 10 b (new)
- having regard to the approval by the European Parliament of the ratification of the Paris Agreement by the European Union on 4 October 2016;
Amendment 14 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
E a. whereas the bank should keep as an important parameter the investment profitability, with clear criteria to avoid overly speculative operations, expanding its credit activity in line with the needs of the European economy and particularly the social and regional cohesion and inclusive growth;
Amendment 16 #
Motion for a resolution
Recital E b (new)
Recital E b (new)
E b. whereas the EIB should boost its macroeconomic analysis capacity;
Amendment 17 #
Motion for a resolution
Recital E c (new)
Recital E c (new)
E c. whereas the EIB should address regional inequalities by supporting direct public investments and the development plans of public authorities in peripheral countries, as well as advising on the development of new private projects, particularly by SMEs, particularly in those regions;
Amendment 18 #
Motion for a resolution
Recital E d (new)
Recital E d (new)
E d. whereas the EIB should tackle unemployment by supporting direct pubic investment and providing the unemployed, particularly the young people, with skills and training, access to finance and employment;
Amendment 19 #
Motion for a resolution
Subheading 1
Subheading 1
Amendment 20 #
Motion for a resolution
Paragraph 1
Paragraph 1
Amendment 25 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Highlights the importance of the EIBUrges the EIB to enhance furthermore its activities in laying the foundations for long-term and sustainable growth, which is demonstrated by the fact that, according to the EIB’s economist, the EIB Group lending within the EU approved in the period 2015-2016 will support EUR 544 billion in investment, add 2.3 % to GDP and create 2.25 million jobs by 2020;
Amendment 28 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Calls on the EIB to pay attention to third countries and regions outside the EU suffering from conflict and extreme poverty, the main goal being to reduce the development gap between the EU and those regions, with a special focus on the Southern Mediterranean and Eastern European Neighbourhood countries; calls for full respect for the legislation of the beneficiary countries; calls on the EIB to further increase the efficiency of the Results Measurement Framework (REM) for activities outside the EU; requests that the European Court of Auditors produce a special report on the performance and alignment with EU policies of EIB external lending activities;
Amendment 30 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Recognises the EIB’s responsicapability to intervene when there are specific market failures, such as thedevelop counter-initiatives to address underdevelopment and recession resulted from financial crisis and difficulties in accessing finance for SMEs and innovators; applauds the success ofTakes note of the results achieved by the European Fund for Strategic Investments (EFSI), under which 898 operations have been approved and which is expected to trigger EUR 335 billion in investment across the 28 EU Member States; States that EFSI is designed to address the investment need created by the loss of investment volumes following the incomplete recovery from the 2008 crisis and the failure to match historic investment trends.
Amendment 39 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Calls on the EIB to bring its activities in line with the most recent UNCTAD recommendations, and to support the strengthening of own new industrial policies of developing countries by contributing to the creation of investment policy tools and focus on different sectors, economic activities, and mechanisms to maximise the contribution of investment to the development of industrial capabilities;
Amendment 59 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Recognises that the EIB gives priority to innovation and skills in order to drive growth and ensure Europe’s long- term competitiveness, with loans amounting to EUR 13.9 billion in 2017 for, inter alia, 7.4 million high-speed digital connections and the installation of 36.8 million smart meters; stresses, however that innovative projects often fail to ensure additionality and are overly concentrated on large projects, rather than diffusing technological advancement through the economy;
Amendment 60 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Points out that strengthening of EU coherence, EU economic inclusive growth and quality employment depends also on an increase in public and private investments, especially in innovation, digitalisation, infrastructure and support of SMEs;
Amendment 61 #
Motion for a resolution
Subheading 3
Subheading 3
Environment and Sustainability
Amendment 62 #
Motion for a resolution
Subheading 3 a (new)
Subheading 3 a (new)
Welcomes the EIB’s plan to create a Sustainability Awareness Bond, and encourages the Bank to adopt a key role in sustainable finance both in and outside Europe.; Calls on the EIB to prioritise supporting through its lending activities the achievement of the United Nations Sustainable development Goals by further unlocking investment in social, green and sustainable projects;
Amendment 66 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Recommends EIB to adop energy strategy fully compatible with the Paris Agreement’s objective, taking into account the research evidence and recommendations from the IPCC report on the impacts of global warming of 1.5 °C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty;
Amendment 70 #
Motion for a resolution
Paragraph 6 b (new)
Paragraph 6 b (new)
6 b. Calls on the EIB to further enforce projects connected with climate change and environment protection, given that the EU is one of the signatories of the Paris Agreement, reminding the commitment made by the EU to reduce its emissions by at least 40% by 2030;
Amendment 71 #
Motion for a resolution
Paragraph 6 c (new)
Paragraph 6 c (new)
6 c. Stresses the importance of EIB financing in the developing of renewable energy capacity and the improvement of energy efficiency in sectors such as industry and transport;
Amendment 72 #
Motion for a resolution
Paragraph 6 d (new)
Paragraph 6 d (new)
6 d. Regrets the lack of sound and consistent criteria on Emission Performance Standards; calls for better stream-lining of the environmental dimension in the forthcoming revision of project criteria;
Amendment 73 #
Motion for a resolution
Paragraph 6 e (new)
Paragraph 6 e (new)
6 e. Calls on the EIB to increase the Human Rights dimension in its project planning, including by providing a Human Right Assessment and Evaluation;
Amendment 76 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Recognizing the need for enhanced human rights defenders protection at the time when they face greater risk of retaliation and violence than ever before, calls on the EIB to establish relevant human rights strategy to ensure human rights due diligence to identify and address human rights risks in all of their activities and throughout the lifespan of a project and effective mechanisms whereby defenders can safely alert it about deteriorating environment or risks of conflict and reprisal;
Amendment 80 #
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7 b. calls on the EIB to put an emphasis on the consultations with all interested stakeholders in particular the local communities, civil society and population affected by banks projects, being in full compliance with international, EU and national laws;
Amendment 88 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Welcomes the strong support of the EIB Group for SMEs and mid-caps with a total investment of EUR 29.6 billion, which has had a positive impact on 287 000 companies employing 3.9 million people; stresses however that this is far from filling the financing gap suffered by SMEs on account of the deteriorated economic environment and the concentration of the private financial industry away from its traditional credit model;
Amendment 91 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Given the strategic role of the SMEs, believes the bank’s SMEs strategy should include the reinforcement of the administrative and advising capacities of the bank to provide information and technical support to SMEs in developing and applying for finance;
Amendment 94 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Stresses the need to enhance further investment programmes towards small scale projects in order to ensure the participation of SMEs;
Amendment 95 #
Motion for a resolution
Subheading 6 a (new)
Subheading 6 a (new)
Enhancing democratic control and transparency
Amendment 96 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Calls on the EIB to further enhance transparency and access to information both internally, for the European Parliament and other institutions, as well as for the public, especially regarding the contracting and subcontracting system, the results of internal investigations and the selection, monitoring and evaluation of activities and programmes, on the basis of clear and measurable indicators, as well as the methodology and results of the ex ante impact assessment and ex post reporting for each project financed, provided that no sensitive business information is involved;
Amendment 97 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10 b. Urges the EIB to enforce the independence and efficiency of the Complaint Mechanism Office and to take further steps to reduce bureaucracy, increase its capacity for macroeconomic analysis and enhance gender representation in its senior positions; regrets the lack of diversity in the management committee, board of governors and board of directors of the EIB, in particular with regard to gender equality;
Amendment 98 #
Motion for a resolution
Paragraph 10 c (new)
Paragraph 10 c (new)
10 c. Calls on the EIB to increase transparency in all of its programming and undertakings and to publish in full length the results of its reviews into lending operation;
Amendment 99 #
Motion for a resolution
Paragraph 10 d (new)
Paragraph 10 d (new)
10 d. Requests the EIB to increase its reporting to Parliament and other stakeholders regarding its decisions, progress achieved and the impact of its lending activities within and outside the EU, through regular structures for dialogue increasing parliamentary oversight; calls on the EIB to apply to its ordinary activities the same reporting and accountability provisions as set out in the EFSI regulation; in this spirit, asks the EIB to agree to sign an agreement with Parliament to allow direct questions to its President, as already happens with the ECB President, and to improve the selection process for its posts of Managing Director and Deputy Managing Director;
Amendment 100 #
Motion for a resolution
Paragraph 10 e (new)
Paragraph 10 e (new)
10 e. Calls on the EIB to refrain from funding beneficiaries or financial intermediaries and from cooperating with financial partners with a proven negative track record, and to enforce prevention measures and regular tax assessments against non-cooperative tax jurisdictions officially declared to be tax havens by the Commission, tax and fiscal fraud and tax evasion, as well as illegal and aggressive tax avoidance; calls on the EIB to deal more effectively with risks of corruption and organised crime infiltration in EIB projects; calls on the EIB to reclaim loans where they were not spent according to the rules, and requests a list of outstanding EIB transactions, especially those featuring in the Commission’s list of ‘top 30’tax havens globally;
Amendment 101 #
Motion for a resolution
Paragraph 10 f (new)
Paragraph 10 f (new)
10 f. Welcomes disclosure of the minutes of the EIB Board of Directors’ meetings and recognises the need for disclosure of Management Committee decisions and documents related to key structural and policy developments in the Bank of high public interest, including proposal for establishing new development bank and EIB related Brexit strategy;
Amendment 102 #
Motion for a resolution
Paragraph 10 g (new)
Paragraph 10 g (new)
10 g. Emphasizes the need for a high level of transparency of financial intermediaries used by the EIB (commercial banks in particular, but also including microfinance institutions and cooperatives), in order to ensure that intermediated loans are subject to the same transparency requirements as other types of loans;
Amendment 103 #
Motion for a resolution
Paragraph 10 h (new)
Paragraph 10 h (new)
10 h. Urges the Bank to establish an efficient control, monitoring and reporting system on financial intermediaries lending in order to ensure that intermediated loans comply with environmental and social standards of the Bank;
Amendment 104 #
Motion for a resolution
Paragraph 10 i (new)
Paragraph 10 i (new)
10 i. Calls on the EIB to further enhance its cooperation with the European Ombudsman given the increasing complains that the European Ombudsman received;
Amendment 105 #
Motion for a resolution
Paragraph 10 j (new)
Paragraph 10 j (new)
10 j. Calls on the EIB to revise and conclude its Complaints Mechanism Policy in the 1st half of 2018 after proper consultation of all interested parties, including civil society organisations;
Amendment 106 #
Motion for a resolution
Paragraph 10 k (new)
Paragraph 10 k (new)
10 k. Calls on the EIB to provide with the necessary resources and human capital the independent Fraud Investigation Division, which investigates cases of corruption and fraud in bank’s projects and further enhance bank’s staff training and awareness;
Amendment 109 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. Calls the EIB to fulfil its purpose and increase its investment activity with regard to decrease the dangerous imbalances in the EU, by supporting projects to member-states, which are in post financial assistance phase, or suffer from high levels of long-term poverty, severe unemployment and deindustrialisation;
Amendment 110 #
Motion for a resolution
Paragraph 11 c (new)
Paragraph 11 c (new)
11 c. Calls on the EIB to take all necessary measures based on lessons- learned from the EFSI experience, to maximise the results of the forthcoming InvestEU programme, paying particular attention to regional and social inequalities and the member-states that suffered from the economic crisis;
Amendment 111 #
Motion for a resolution
Paragraph 11 c (new)
Paragraph 11 c (new)
11 c. Calls on the EIB to establish as a criteria for funding a project, the creation of long term and quality working places, with full working rights, collective bargaining and right to union membership;
Amendment 113 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Recalls that the external policy of the EIB should be also consistent with the European Charter of Fundamental Rights; calls on the EIB to put this as a priority criterion;