Activities of George Sabin CUTAȘ related to 2010/0101(COD)
Plenary speeches (1)
EU guarantee to the EIB against losses under loans and guarantees for projects outside the EU (debate)
Shadow opinions (1)
OPINION Proposal for a decision of the European Parliament and of the Council granting an EU guarantee to the European Investment Bank against losses under loans and guarantees for projects outside the European Union
Amendments (8)
Amendment 23 #
Proposal for a decision
Recital 30
Recital 30
(30) The reporting and transmission of information by the EIB to the Commission should be strengthened in order to allow the Commission to enhance its annual report to the European Parliament and the Council on the EIB financing operations carried out under this decision. The report should in particular assess the compliance of EIB financing operations with this decision, taking into account the operational guidelines, and include sections on added value in line with EU policies and sections on cooperation with the Commission, other IFIs and bilateral donors, including co-financing, as well as evaluations of the accessibility, transparency and effectiveness of the loans. Where necessary, the report should include references to significant changes in circumstances that would justify further amendments to the mandate before the end of the period.
Amendment 24 #
Proposal for a decision
Recital 31
Recital 31
(31) EIB financing operations should continue to be managed in accordance with the EIB's own rules and procedures, including appropriate control measures and measures taken to avoid tax evasion, as well as with the relevant rules and procedures concerning the Court of Auditors and the European Anti-Fraud Office (OLAF). The EIB should not undertake any financing operations through jurisdictions classified as "tax havens" according to OECD standards,
Amendment 28 #
Proposal for a decision
Article 4 – paragraph 3
Article 4 – paragraph 3
3. The EU guarantee shall cover only EIB financing operations carried out in eligible countries that have concluded a framework agreement with the EIB establishing the legal conditions under which such operations are to be carried out. The EIB shall not undertake any financing operations through jurisdictions classified as "tax havens" according to OECD standards.
Amendment 35 #
Proposal for a decision
Article 10 – paragraph 1
Article 10 – paragraph 1
1. The Commission shall report annually to the European Parliament and the Council on EIB financing operations carried out under this decision. The report shall include an assessment of EIB financing operations at project, sector, country and regional level as well as, evaluations of the accessibility, transparency and effectiveness of the loans, as well as an assessment of the contribution of the EIB financing operations to the fulfilment of the external policy and strategic objectives of the EU. The report shall in particular assess the compliance of EIB financing operations with this Decision, taking into account the operational guidelines referred to in Article 5, and shall include sections on added value for the achievement of EU policy objectives as well as on cooperation with the Commission and other international financial institutions and bilateral institutions, including co- financing.
Amendment 37 #
Proposal for a decision
Article 10 – paragraph 2
Article 10 – paragraph 2
2. For the purposes of paragraph 1, the EIB shall provide the Commission with yearly reports on EIB financing operations carried out under this decision at project, sector, country and regional level, on the accessibility, transparency and effectiveness of the loans, and on the fulfilment of the external policy and strategic objectives of the EU, including cooperation with the Commission, other international financial institutions and bilateral institutions. The Memoranda of Understanding between the EIB and other IFIs or bilateral institutions relating to carrying out financial operations under this Decision shall be made public.
Amendment 48 #
Proposal for a decision
Recital 11
Recital 11
(11) In order to enhance the coherence of the mandate, strengthen the focus of the EIB external financing activity on supporting EU policies, and for the maximum benefit of beneficiaries, this decision should set out horizontal high- level objectives in the mandate for EIB financing operations across all eligible countries, building on the comparative strengths of the EIB in areas where it has a well-proven track record. In all regions covered by this decision, the EIB should thus finance projects in the areas of climate change mitigation and adaptation, social and economic infrastructure (notably in transport, energy including renewable energy, energy security, environmental infrastructure including water and sanitation, as well as information and communication technology (ICT)), and local private sector development, in particular in support of small and medium- sized enterprises (SMEs). It should be recalled that improving access for SMEs to capital can play an essential role in stimulating economic development and the fight against unemployment. Within these areas, regional integration among partner countries, including economic integration between pre-accession countries, neighbouring countries and the EU, should be an underlying objective for EIB financing operations. The EIB can support EU presence in partner countries through foreign direct investment that contributes to promoting technology and knowledge transfer, either for investments within the aforementioned areas, or at its own risk.
Amendment 52 #
Proposal for a decision
Recital 15 a (new)
Recital 15 a (new)
(15a) The EIB shall support the achievement of the 2015 Millennium Development Goals in all regions where it is active.
Amendment 61 #
Proposal for a decision
Article 3 - paragraph 3
Article 3 - paragraph 3
3. The EIB shall progressively increase its activity in social sectors, such as healwith a view to the and educationchievement of the Millennium Development Goals.