14 Amendments of Viorica DĂNCILĂ related to 2016/2302(INI)
Amendment 2 #
Draft opinion
Recital A
Recital A
A. whereas the second pillar of the common agricultural policy (rural development) is a crucial element in preserving and strengthening social and territorial cohesion and avoid a rural exodus;
Amendment 14 #
Draft opinion
Recital C
Recital C
C. whereas the current crisis in the agricultural sector, a lack of profitability with income losses and increased price instability, has led many farmers to give up farming, and this sector requires more support for the second pillar (rural development) and the first pillar (direct payments);
Amendment 35 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the fact that in 2014- 2020 the EU is expected to invest EUR 454 billion through ESI Funds, and with national co-financing for the investment in the form of grants and financial instruments the sum is expected to rise to EUR 637 billion; emphasises that proper coordination of these forms of financing will help increase project performance and responsibility in respect of investment expenditure;
Amendment 45 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges that both the volume and the quality of financial instruments (in the form of microcredit, loans, guarantees, equity and venture capital) under Cohesion Policy’s shared management increased; highlights the two main reasons for this trend – the 2007-2013 period provided valuable experience and lessons regarding ESI Funds implementation through grants and financial instruments, while the 2014- 2020 MFF reflects the post-crisis need for more financial instruments owing to fiscal limitations; reiterates the importance of using simplified financial instruments that are more easily accessible, which will help make them more attractive;
Amendment 45 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that, up to now, the level of use made of CAP financial instruments has been low, and calls for consideration to be given to this area with the aim of ensuring that these instruments are better suited to the agricultural sector and further simplifying the procedures, and creatingsuch as organizing and conducting information campaigns sending common messages at European level, accompanied by the launch of public platforms for the exchange of best practices and public advice platforms;
Amendment 56 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Emphasises that although they are supporting the same Cohesion Policy objectives, ESI Funds’ grants and financial instruments under shared management have different intervention logic and application addressing territorial development needs or market needs, and stresses the importance of providing information to potential beneficiaries and of correlating objectives at local, regional and cross-border level, where appropriate;
Amendment 67 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls for them to be implemented in such a way that they can support collective projects geared to financing basic infrastructure in the field of irrigation, transport, processing, marketing and forestry development, including transborder projects, with maturity-based financial instruments that reflect the actual economic position for each project. calls for measures to encourage public-private partnerships to increase the number of climate change investment projects in a bid to meet EU environmental objectives.
Amendment 72 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Highlights that intervention logic is not a dividing line but a meeting point of grants and financial instruments so that Cohesion Policy can ensure better coverage of beneficiaries and investment gaps through a variety of measures consistent with local and regional specific priorities; points out that intervention logic is a bottom-up approach in ESI Funds programming and that Member States should continue setting the share of financial instruments in respective operational programmes;
Amendment 114 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the significant differences across the EU regarding the penetration of financial instruments, including ESI Funds and the European Fund for Strategic Investments (EFSI); emphasises that the overall success of such instruments depends on how easy they are to use and the ability of the Member Statmanagement authorities to manage investments through them;
Amendment 124 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the Commission’s actions in optimising regulation; emphasises that, despite the improvements, complexity still exists and issues such as the lack of flexibility, the long set-up time and the administrative burden for recipients are disincentives to use financial instruments; notes a lack of management capacity among beneficiaries resulting in a lesser take-up of financial instruments and recommends in this respect that investment partnerships be improved through closer involvement of the beneficiaries; calls on the Commission to work closely with the EIB and the EIF to make access to ESI Funds microcredit, loans, guarantees, equity and venture capital as easy as using grants;
Amendment 130 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Highlights the importance of performance auditing of financial instruments, including an audit of the EIB Group’s operations on Cohesion Policy; calls on the Commission also to focus on a comparative analysis of grants and financial instruments, further capacity building, audit methodology and guidance;
Amendment 138 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Points out that combining grants and financial instruments has unexplored potential; emphasises that alongside guidance to authorities, further simplification and harmonisation is needed for the rules that concern combining different ESI Funds, as well as for the rules that concern combining the ESI Funds with instruments such as Horizon 2020 and EFSI; calls for easing the regulatory burden by facilitating the above-mentioned combining of allocations from more than one programme to the same financial instrument, as well as enabling combinations of microfinance instruments in ESF operations; calls for further promotion of combining grants with financial instruments at the final beneficiary stage; stresses that grant components can be used as a first loss piece and can therefore make the funding structure more attractive to beneficiaries and private sector investors;
Amendment 143 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Welcomes the existing technical assistance practices provided by the Commission and the EIB Group through the fi-compass platform; regrets that the on-the-ground support services to authorities and especially to recipients of financial instruments, including EFSI, are limited; calls for a joint technical assistance plan by the Commission and the EIB comprising, especially in the case of major projects, along with financial and non- financial advice as well as capacity building, targeted at national authorities as well as fund managers;
Amendment 165 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Highlights that financial instruments perform better in well- developed regions and metropolitan areas where financial markets are better developed, while grants address regional structural issues; notes that increasing the share of financial instruments should not influence the grant appropriations as this would hinder the balance; emphasises that in a number of public policies grants have to dominate, while financial instruments can play complementary roles;