Activities of Ivailo KALFIN related to 2013/0152(COD)
Reports (1)
REPORT on the proposal for a decision of the European Parliament and of the Council on granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union PDF (875 KB) DOC (1008 KB)
Amendments (13)
Amendment 46 #
Proposal for a decision
Recital 8
Recital 8
(8) In order to cater for the potential evolution of the actual provisioning needs of the Guarantee Fund in accordance with Council Regulation (EC, Euratom) No 480/2009 of 25 May 2009 establishing a, the maximum ceiling of the EU guarantee should be broken down into a fixed ceiling of a maximum amount of EUR 26 bn and an optional additional amount of EUR 4 bn; the provisioning of the Guarantee Fund for external actions5 , in the maximum ceiling of the EU guarantee should be broken down into a fixed ceiling of a maximum amount of EUR 25 bn and an optional additional amount of EUR 3 bn. __________________ 5 OJ L 145, 10.6.2009budget (budget line 01 03 06) is made ex-post on the basis of the outturn figures for outstanding guaranteed external lending at the end of year n-2; "reflows" deriving from Mediterranean risk capital and loan investments under past MEDA mandates (before 2007) using EU budget funds should be returned to the EU budget as assigned revenue, in accordance with Regulation (EU, Euratom) No 966/20125a. 5a Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, 26.10.2012, p. 10. ).
Amendment 58 #
Proposal for a decision
Recital 19
Recital 19
(19) The EIB activity under this Decision should support the Agenda for Change proposed by the Commission and be coherent with the relevant principles of the European Consensus on Development and the principles of aid effectiveness outlined in the Paris Declaration of 2005, the Accra Agenda for Action of 2008 and the Busan Partnership Agreement of 2011. Furthermore, it should be coherent with the EU Strategic Framework and Action Plan on Human Rights and Democracy adopted by the Council on 25 June 2012 and international environmental agreements including biodiversity commitments. It should be implemented through a number of concrete measures, in particular by reinforcing the EIB's capacity to appraise environmental, social and development aspects of investment projects, including human rights and conflict-related risks, and by promoting local consultation with public authorities and civil society. In this context, the EIB should implement and further develop its Results Measurement framework (REM) which provides a detailed set of performance indicators measuring the economic, environmental, social, and development impact of its financing operations throughout the lifecycle of the underlying investment. The implementation of the REM should be evaluated as part of the mid-term review of this Decision. When carrying out due diligence in respect of an investment project, the EIB should, where appropriate and in line with the Union's social and environmental principles and legislation, as well as with the legislation and the social and environmental standards of the beneficiary country, require the investment project promoter to carry out local consultations and disclose their results to the public. EIB financing agreements involving public counterparts should explicitly include the possibility to suspend disbursements in case of revocation of eligibility under this Decision of the country in which the investment project takes place. They should also refer to the relevant EU decisions and conclusions regarding an assessment of the human rights situation of the countries where it operates and the Commission, by means of a delegated act, should decide upon countries' eligibility for new EIB financing operations under the EU guarantee.
Amendment 59 #
Proposal for a decision
Recital 20
Recital 20
(20) At all levels, from upstream strategic planning to downstream investment project development, it should be ensured that EIB financing operations comply with and support Union external policies and the general objectives set out in this Decision. With a view to increasing the coherence of Union external action, dialogue on policy and strategy should be further strengthened between the Commission and the EIB, including the European External Action Service (EEAS), while keeping the European Parliament duly informed. EIB offices outside the Union should whenever possible be located within Union delegations in order to foster such cooperation while sharing operating costs. The Mmemorandum of Uunderstanding to be revised in 2013 to enhance cooperation and early mutual exchange of information between the Commission, the EEAS and the EIB at operational level should continue to be applied. It is of particular importance to have an early exchange of views between the Commission and the EIB, including the EEAS, as appropriate, in the process of preparing programming documents in order to maximise synergies between their activities. The cooperation in relation to the respect of human rights and conflict prevention issues should also be reinforced.
Amendment 61 #
Proposal for a decision
Recital 22
Recital 22
(22) In its financing operations outside the Union that fall within the scope of this Decision, the EIB should endeavour further to enhance coordination and cooperation with European Financial Institutions and International Financial Institutions, notably those participating in the EU Platform for Blending in External Cooperation. This cooperation includes, where appropriate, cooperation on sector conditionality and mutual reliance on procedures, use of joint co-financing and participation in global initiatives, such as those promoting aid coordination and effectiveness. Such coordination and cooperation should strive to minimise possible duplication of costs and unnecessary overlap. These efforts should be based on reciprocity. The tripartite Memorandum of Understanding between the Commission, the EIB Group and the European Bank for Reconstruction and Development (EBRD) in respect of cooperation outside the Union, which allows the EIB Group and the EBRD to act in a complementary way by relying on their respective comparative advantages, was updated in 2012 to cover the extension of EBRD's geographical scope to the Mediterranean region and should continue to be applied. The principles set out in this Decision should also be applied when EIB financing is implemented through cooperation agreements with other European Financial Institutions and International Financial Institutions.
Amendment 62 #
Proposal for a decision
Recital 24 a (new)
Recital 24 a (new)
(24a) The annual EIB report should in particular assess the compliance of EIB financing operations with this Decision, taking into account the regional technical operational guidelines, and should include sections on the following: EIB added value, such as support to Union external policies; mandate requirements; the quality of financed operations; the transfer of financial benefits to clients; and sections on cooperation, including co-financing, with the Commission and with other IFIs and bilateral donors. The report should also assess the extent to which the EIB has taken into account economic, financial, environmental and social sustainability in the appraisal and monitoring of the projects financed. It should also contain a specific section devoted to a detailed evaluation of the measures taken by the EIB to comply with the current mandate, paying particular attention to the EIB financing operations using financial vehicles situated in non- cooperative jurisdictions. In its financing operations the EIB should adequately implement its policies towards weakly regulated or non-cooperative jurisdictions to contribute to the international fight against tax fraud and tax evasion. It should be made public to the extent possible, thus allowing civil society and recipient countries to express their views. Where necessary, the report should include references to significant changes in circumstances that would justify further amendments to the mandate before the end thereof.
Amendment 65 #
Proposal for a decision
Recital 26 a (new)
Recital 26 a (new)
(26a) In order to ensure that the EIB meets the requirements of the mandate across regions and sub regions, sufficient human and financial resources should, over time, be allocated to its external activities. This should in particular include having sufficient capacity to support Union external policy objectives including development cooperation under the mandate, to increase focus on ex ante appraisal of the environmental, social and development aspects of its activities, and to effectively monitor projects during implementation. Opportunities to further enhance efficiency and effectiveness should be exploited, and synergies should be actively pursued.
Amendment 75 #
Proposal for a decision
Article 3 – paragraph 4
Article 3 – paragraph 4
4. In developing countries, as defined in the Organisation for Economic Cooperation and Development (OECD) list of official development assistance (ODA) recipients, EIB financing operations shall contribute indirectly to the objectives of the Union policy in development cooperation such as reducing poverty through inclusive growth and sustainable economy, environmental and social development and as referred to in Article 208 TFEU.
Amendment 87 #
Proposal for a decision
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
2a. The EIB shall also ensure that its lending operations are consistent with the development strategies of the beneficiary country, and it shall also require its borrowers to carry out appropriate consultations with the relevant national and local stakeholders, at project planning and implementation stage.
Amendment 88 #
Proposal for a decision
Article 6 – paragraph 2 b (new)
Article 6 – paragraph 2 b (new)
2b. The consistency of EIB financing operations under the mandate with Union external policy objectives shall be monitored in accordance with Article 10. In the context of its results measurement framework, the EIB shall develop performance indicators in relation to development, environmental and human rights aspects of projects funded, taking into account the relevant indicators under the Paris Declaration for Aid Effectiveness, in order to facilitate such monitoring. Indicators for environmental aspects of projects should include criteria for "clean technology" which are oriented in principle at energy efficiency and technologies for reducing emissions.
Amendment 92 #
Proposal for a decision
Article 9 – paragraph 1 – subparagraph 1
Article 9 – paragraph 1 – subparagraph 1
The EIB shall carry out thorough due diligence and, where appropriate and, in line with Union social and environmental principles, require and standards, as well as appropriate local public consultation, on social, human rights, environmental, economic and development-related aspects of investment projects covered by the EU guarantee.
Amendment 94 #
Proposal for a decision
Article 9 – paragraph 1 – subparagraph 3
Article 9 – paragraph 1 – subparagraph 3
The EIB's own rules and procedures shall include the necessary provisions on assessment of environmental and social impact of investment projects and of aspects related to human rights, fundamental freedoms and conflict prevention in line with the principles of the Union and its relevant legislation, to ensure that onpredominantly investment projects that are economically, financially, environmentally and socially sustainable are supported under this Decision.
Amendment 96 #
Proposal for a decision
Article 9 – paragraph 2 a (new)
Article 9 – paragraph 2 a (new)
2a. The EIB shall submit to the Commission annual reports assessing the estimated outputs, outcomes and development impact of the operations financed during the year, on the basis of its results measurement framework, including the performance indicators referred to in Article 6(2b). The Commission shall present the development reports of the EIB to the European Parliament and to the Council in the framework of the annual reporting exercise provided for in Article 10 and make them publicly available so that interested stakeholders, including civil society and recipient countries, are also able to express their views on the matter. The European Parliament shall discuss the annual reports, taking into consideration the views of all interested parties.
Amendment 104 #
Proposal for a decision
Article 12 – paragraph 1
Article 12 – paragraph 1
In its financing operations, the EIB shall not tolerate any activities carried out for illegal purposes, including money laundering, financing of terrorism, tax fraud and tax evasion, corruption, and fraud affecting the financial interests of the EU. In particular the EIB shall not participate in any financing operation implemented in an eligible country through a foreign non- cooperative jurisdiction identified as such by the OECDEU, the Financial Action Task ForceUnited Nations, the OECD or other relevant international organisations Financial Action Task Force.