18 Amendments of Eider GARDIAZABAL RUBIAL related to 2018/2161(INI)
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Calls for an urgent reinforcement of the European Parliament’s competences in the strategic orientation and policies of the EIB in order to ensure a most needed democratic scrutiny of the investments;
Amendment 8 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Insists on the key role the EIB should play in boosting those investments which are most effective in terms of job creation; expects also the EIB to provide in-depth information on them and to focus on jobs of high quality and sustainability;
Amendment 9 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2c. Reiterates that EIB activities are necessary to address the investment gap of the public and private sector that has been deepening in Europe since the economic and financial crisis; reminds therefore the EIB of its role as an anti-cyclical force to relaunch investments;
Amendment 10 #
Draft opinion
Paragraph 2 d (new)
Paragraph 2 d (new)
2d. Highlights the importance of rethinking the articulation between the roles of the European Bank for Reconstruction and Development (EBRD), the National Promotional Banks (NPB), the development banks and the EIB, in order to ensure coherence between their respective mandates;
Amendment 11 #
Draft opinion
Paragraph 2 e (new)
Paragraph 2 e (new)
2e. Welcomes the development of regional investment platforms to address market gaps and country-specific needs;
Amendment 12 #
Draft opinion
Paragraph 2 f (new)
Paragraph 2 f (new)
2f. Stresses again the need to reduce the uneven geographical distribution of the EIBs financing, as 70% of it was allocated to six Member States in 2017 even though one of the objectives of the bank is economic and social cohesion in the Union; calls instead for a dynamic, fair and transparent geographical distribution of projects and investment among member states, with special focus on less developed regions;
Amendment 16 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that, irrespective of the final agreement between the UK and the EIBUnion, the EIB should commit to maintaining its investment capacity at the current level;
Amendment 17 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Appreciates the EIB’s efforts to provide worldwide finance to energy efficiency, renewable energy and the circular economy, which require a response broader than the national scope, and to divest funding from projects posing serious risks for the environment and natural resources;
Amendment 19 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Highlights the importance of ex- ante and ex-post evaluation on the concrete and achieved economic, social and environmental impact and on the general macroeconomic impact, while fully disclosing this information to the European Parliament;
Amendment 20 #
Draft opinion
Paragraph 5 d (new)
Paragraph 5 d (new)
5d. Encourages the EIB to focus on the quality of the investments, thus benefiting projects that contribute to the Sustainable Development Goals and increase well-being;
Amendment 21 #
Draft opinion
Paragraph 5 e (new)
Paragraph 5 e (new)
5e. Urges the need to consider gender equality as a standard in the assessment of project financing;
Amendment 22 #
Draft opinion
Paragraph 5 f (new)
Paragraph 5 f (new)
5f. Recalls that even though the EIB aims for a more inclusive growth according to its objectives, investments to reduce inequality have only accounted for 6% of EIB investments in 2017; expects this figure to grow in the future without jeopardizing the high credit standard of EIB; expresses the need to conduct project assessments, not only in terms of financial return, but also in terms of social and environmental impact;
Amendment 24 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6c. Insists on the fact that standards on financial intermediates should be more ambitious and that the EIB must scrutinise cooperation with institutions that exhibit a negative track record in terms of transparency, fraud, corruption and environmental and social impacts;
Amendment 25 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6c. Encourages the EIB cooperation with the European Anti-Fraud Office (OLAF) and national authorities to prevent any fraud and money laundering;
Amendment 26 #
Draft opinion
Paragraph 6 d (new)
Paragraph 6 d (new)
6d. Calls for more supervision and disclosure on intermediated operations by commercial banks and similar financial institutions;
Amendment 29 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Notes however that according to the Report of the High-Level Task Force on Investing in Social Infrastructure in Europe only 4% of approved EFSI financing supports social infrastructure projects in the EU;
Amendment 30 #
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Advocates for the strong reinforcement of a social investment strategy, based on the findings from the ex-ante reports reflecting the needs of the real economy;
Amendment 31 #
Draft opinion
Paragraph 7 c (new)
Paragraph 7 c (new)
7c. Urges again the EIB group to adopt soon the review of its whistleblowing policy and to take the current revision of its Complaints Mechanism as an opportunity to reinforce its legitimacy ,accessibility, predictability, equitability and transparency;