Activities of Nirj DEVA related to 2016/0281(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund PDF (1006 KB) DOC (137 KB)
Amendments (16)
Amendment 83 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Union's ambitious External Investment Plan (EIP) is needed to engineer, guide and support investments starting in Africa and the Union's Neighbourhood for a start, as a means to promotecontribute to the achievement of the sustainable development goals of the United Nations 2030 Agenda for Sustainable Development ('the 2030 Agenda') as well as the commitments under the recently revised European Neighbourhood Policy, thus addressing root causes of migration. It should also contribute to the implementation of the Paris Agreement on Climate Change (COP 21).
Amendment 89 #
Proposal for a regulation
Recital 2
Recital 2
(2) The EIP should incorporate the Union commitment under the Addis Ababa Action Agenda on Financing for Development. It should also allow European investors and private companies, including micro, small and medium-sized enterprises, to participate more effectively to sustainable development in partner countries.
Amendment 98 #
Proposal for a regulation
Recital 3
Recital 3
(3) This is in line with the Union Global Strategy for Foreign and Security Policy which embeds challenges such as migration and resilience in the overall EU foreign policy, ensuring full policy coherence and synergies with European development and Neighbourhood policies.
Amendment 106 #
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 creating sustainable and inclusive economic 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 125 #
Proposal for a regulation
Recital 6
Recital 6
(6) Furthermore, the EFSD shouldall operate as 'one-stop-shop' to receive financing proposals from financial institutions and public or private investors and deliver a wide range of financial support to eligible investments. The EFSD Guarantee should be backed by the EFSD Guarantee Fund. The EFSD should deploy innovative instruments to supporand mechanisms to support and attract investments and involvepartner with the private sector.
Amendment 139 #
Proposal for a regulation
Recital 9
Recital 9
(9) The EFSD Guarantee should be granted to eligible counterparts for financing and investment operations or guarantee instruments for an initial investment period up to 31 December 2020, with a possibility for extension if deemed necessary.
Amendment 183 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The purpose of the EFSD as an integrated financial package shall be to supportguide, support and manage, through the supply of financing capacity in the form of grants, guarantees and other financial instruments to eligible counterparts, investments and increased access to financing starting in African and Neighbourhood partner countries.
Amendment 191 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The EFSD shall contribute to the achievement of the Sustainable Development Goals of the 2030 Agenda with a particular focus on sustainable development, inclusive growth, job creation, poverty eradication, socio- economic sectors and on the development of the local private sector through the support to micro, small and medium sized enterprises, thus addressing root causes of migration and contributing to the sustainable reintegration of returned migrants in their countries of origin, while maximising additionality, delivering innovative products and solutions and crowding in private sector funds.
Amendment 198 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. The EFSD shall be composed of regional investment platforms, which will combine financing from existing blending facilities and the EFSD Guarantee. The first two regional investment platforms shall cover Africa and the EU Neighbourhood, with the possibility of expanding the coverage to other regions of the ACP at a later stage, as well as Latin America and Asia.
Amendment 211 #
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
2. The strategic board shall be composed of representatives of the Commission and of the High Representative of the Union for Foreign Affairs and Security Policy (High Representative), of the Member States, of the EIB and of the EIBuropean Parliament. The Commission mayshall invite other contributors to become members of the strategic board having regard, where appropriate to the view, with the accord of the board. Partner Countries and relevant regional organisations, the eligible counterparts and the European Parliament may be given observer status, where appropriate. The strategic board shall be co-chaired by the Commission and the High Representative. The Secretariat of the EFSD, as a newly formed unit under the auspices of the European Commission, should encompass members of all relevant DGs - DG DEVCO, DG NEAR, DG BUDG - and be positioned under the guidance of the High-Representative of the Union for Foreign Affairs and Security Policy, in order to benefit from the full weight and clout of the European Commission when taking crucial investment decisions.
Amendment 250 #
Proposal for a regulation
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(b) target socio-economic sectors, in particular infrastructure including sustainable energy, water, transport, information and communications technologies, digital innovation, environment, sustainable use of natural resources and blue growth, social infrastructure, human capital, in order to improve the socio-economic environment;
Amendment 258 #
Proposal for a regulation
Article 8 – paragraph 1 – point c
Article 8 – paragraph 1 – point c
(c) provide finance in favour ofsupport mechanisms and finance for micro- , small- and medium- sized enterprises with a particular focus on private sector development and local entrepreneurship;
Amendment 297 #
Proposal for a regulation
Article 8 – paragraph 4
Article 8 – paragraph 4
4. The Commission mayshall define investment windows for specific regions or partner countries or for both, for specific sectors, for specific projects or for specific categories of final beneficiaries or for both to be funded by instruments referred to in Article 9 to be covered by the EFSD Guarantee up to a fixed amount. All requests for financial support within investment windows shall be made to the Commission. The Commission will ensure that it has the capacity and expertise to manage a large financial portfolio and the potentially high volume of proposals.
Amendment 331 #
Proposal for a regulation
Article 12 – paragraph 4 – point c
Article 12 – paragraph 4 – point c
(c) the amount of own resources that the counterpart is/counterparts is/are ready to mobilise for the investment window.
Amendment 351 #
Proposal for a regulation
Article 15 – paragraph 1 – point b
Article 15 – paragraph 1 – point b
(b) an assessment of the added value, the mobilisation of private sector resources, the estimated and actual outputs and the outcomes and impact of the financing and investment operations covered by the EFSD Guarantee on an aggregated basis, including the impact on empassessing the impact and output according to a pre-determined scoreboard of indicators aimed at measuring the achievement ratio of the EFSD objectives, taking into account the indicators of the Sustainable Develoypment creationGoals and the mechanisms employed towards its measurement;
Amendment 369 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
In accordance with its transparency policies and general Union principles on access to documents and information, the eligible counterparts shall make publicly available on their websites information relating to all financing and investment operations covered by the EFSD Guarantee under this Regulation, relating in particular to the manner in which those operations contribute to the requirements of this Regulation. The Commission's one-stop- shop web portal will refer in full to all its eligible counterparts and their operations under the Guarantee, made easily accessible by the public.