Procedure completed
| Role | Committee | Rapporteur | Shadows |
|---|---|---|---|
| Opinion | AFET | ||
| Lead | ECON | BINEV Slavi (NI) | ESSAYAH Sari (PPE), GOULARD Sylvie (ALDE), LAMBERTS Philippe (Verts/ALE), KAMALL Syed (ECR), CHOUNTIS Nikolaos (GUE/NGL) |
| Opinion | INTA |
Legal Basis TFEU 212
Activites
- 2012/07/07 Final act published in Official Journal
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2012/07/04
Final act signed
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2012/07/04
End of procedure in Parliament
- #3180
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2012/06/26
Council Meeting
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2012/06/26
Act adopted by Council after Parliament's 1st reading
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2012/06/13
Results of vote in Parliament
- Results of vote in Parliament
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T7-0244/2012
summary
The European Parliament adopted by 565 votes to 83, with 31 abstentions, a legislative resolution on the proposal for a decision of the European Parliament and of the Council on amendments to the Agreement Establishing the European Bank for Reconstruction and Development (EBRD) extending the geographic scope of EBRD operations to the Southern and Eastern Mediterranean. Parliament adopted its position at first reading following the ordinary legislative procedure. The amendments adopted in plenary are the result of a compromise negotiated between the European Parliament and the Council. Under the compromise, the amendments to Articles 1 and 18 of the Agreement on establishing the European Bank for Reconstruction and Development which extends the geographic scope of EBRD operations have been approved on behalf of the European Union. Role of the Governor: as part of the annual report to the European Parliament, the Governor of the EBRD representing the Union shall also report on the EBRD's activities and operations in the Southern and Eastern Mediterranean. Transition: in the recitals, it is highlighted that the expansion of EBRD operations to the Southern and Eastern Mediterranean reflects support by the Union and the international community for the hope, encouraged by the Arab Spring, for a transition in that region towards market economies and pluralistic democratic societies. Bearing in mind the fragility of the economies in the EBRD's new countries of operation and the social inequalities which were one of the root causes of the turmoil of the Arab Spring, the representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to: broaden its focus on private-sector development, in order also to contribute, through its financing, to the achievement of socially and environmentally sustainable societies, as elaborated in the relevant Millennium Development Goals, and in line with Article 3(5) and Article 21 of the Treaty on European Union; contribute to the transition towards energy-efficient, socially inclusive, open market economies while taking into account the social, poverty, civil and human rights context. Monitoring operations: the representatives of the Union in the governing bodies of the EBRD should use their best endeavours to encourage the EBRD to monitor its operations closely, particularly in countries where there is a lack of political accountability, where civil and human rights are infringed or where high levels of corruption persist. Furthermore, the representatives of the Union in the governing bodies of the EBRD should use their best endeavours to ensure that the principles of prudential banking, transparency and anti-fraud are taken into account in the activities of the EBRD in the new countries of operation. Approval of new countries: before the EBRD approves a potential new country of operation, it should make a detailed technical assessment of the economic and political conditions existing in the country concerned, including: an assessment of that country's commitment to principles of multi-party democracy, pluralism and market economics, as enshrined in Article 1 of the Agreement, an assessment of transition gaps, and a review of activities of other international financing institutions in that country and of the priorities in relation to which the EBRD could best make use of its unique knowledge and skills. In discussing those assessments, the representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to take full account of the views of the Union.
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2012/04/24
Committee report tabled for plenary, 1st reading/single reading
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A7-0142/2012
summary
The Committee on Economic and Monetary Affairs adopted the report by Slavi BINEV (NI, BG) on the proposal for a decision of the European Parliament and of the Council on amendments to the Agreement Establishing the European Bank for Reconstruction and Development (EBRD) extending the geographic scope of EBRD operations to the Southern and Eastern Mediterranean. The committee recommends that the position of the European Parliament in first reading following the ordinary legislative procedure should be to amend the Commission proposal. The main amendments are as follows: The report stresses that the EBRD's expansion to the Southern and Eastern Mediterranean is an expression of the Union's and the international community’s support for the hopes, encouraged by the Arab Spring, of a transition in that region towards market economies and pluralistic democratic societies. Members ask that the Governor of the EBRD representing the Union report annually to the European Parliament on the expansion of EBRD operations to the countries of the Southern and Eastern Mediterranean, in particular as regards the EBRD’s contribution to the transition towards energy-efficient, socially-inclusive market economies whilst taking into account the civic and human rights context, as well as any new agreements signed with donors for cooperation funds or special funds in favour of those countries. Furthermore, the representatives of the Union in the governing bodies of the EBRD shall encourage the EBRD to: · make a detailed technical assessment of the economic and political conditions existing in the country concerned; · provide its assistance only in compliance with Article 1 of the Agreement and not undertake activities that conflict with Union policies on civic and human rights; · focus on areas consistent with the key objectives of Union external policies and support projects that promote sustainable development; · adopt a strategy by 2013 with a concrete timeline to increase the use of renewable energy and energy-efficient technologies; · continue implementing the best prudential banking practices in order to further preserve its very strong capital position, · strengthen the work of the Audit Committee of the EBRD and the Office of the Chief Compliance Officer and tighten control to prevent secrecy by the beneficiaries or the use of tax havens; · adopt a clear plan on how to finance its activities relating to the Southern and Eastern Mediterranean, and provide a public statement of its priorities within that area, · provide on the EBRD's website appropriate information about beneficiaries of its funds, the impact of its financial intermediary operations and evaluations of projects. Lastly, with respect of the approval of potential recipient or recipient country status of the countries of the Southern and Eastern Mediterranean, the Commission shall carry out an inter-service consultation and shall consult civil society in an appropriate manner prior to the Board of Governors' vote on country compliance with EBRD conditions.
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A7-0142/2012
summary
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2012/04/17
Vote in committee, 1st reading/single reading
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2012/01/17
Committee referral announced in Parliament, 1st reading/single reading
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2011/12/21
Legislative proposal published
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COM(2011)0905
summary
PURPOSE: to amend the Agreement Establishing the European Bank for Reconstruction and Development (EBRD) extending the geographic scope of EBRD operations to the Southern and Eastern Mediterranean. PROPOSED ACT: Decision of the European Parliament and of the Council. BACKGROUND: the European Bank for Reconstruction and Development (EBRD) was established in 1990 to support the development of market economies from central Europe to central Asia following the widespread collapse of communist regimes. In response to the 2011 events in the Southern and Eastern Mediterranean region, in March 2011, the Commission and the High Representative presented a Joint Communication signalling the strong political and economic support of the EU to the region that included an option for extending the EBRD's mandate to cover the countries of the Southern Neighbourhood, building on its experience over the last 20 years. The European Council of 24/25 March 2011 broadly endorsed the contents of this Joint Communication. In its Resolution of 7 April 2011 on the review of the European Neighbourhood Policy – Southern Dimension, the European Parliament invited the EBRD to change its statute in order to participate in the financial assistance process. In May 2011, G8 leaders launched the Deauville Partnership to help Southern and Eastern Mediterranean countries in their transition towards free, democratic and tolerant societies and called on the EBRD to extend its geographic scope in order to leverage its experience and support the transition of these countries to embrace the principles of multiparty democracy, pluralism and market economies. By Resolutions 137 and 138 adopted on 30 September 2011, the Board of Governors of the EBRD voted in favour of the necessary amendments to the Agreement Establishing the EBRD, enabling it to expand the EBRD’s region of operations to the Southern and Eastern Mediterranean: (a) Resolution 137 which proposes amendments to Article 1 of the Agreement Establishing the Bank (AEB) to extend the region of EBRD’s operations to the Southern and Eastern Mediterranean, and (b) Resolution 138 which proposes amendments to Article 18 of the AEB to allow the use of Special Funds in potential recipient countries. IMPACT ASSESSMENT: the EBRD has assessed the impact on its capital adequacy of expanding its activities into the new region of operations. During the first two phases of intervention (see below), the EBRD activity will be carried out through the allocation of part of the Bank’s net income. During the first phase, EUR 20 million will be allocated by the EBRD to the Cooperation Funds, and a further EUR 1 billion is expected to be allocated by the EBRD to the Special Fund set up during the second phase. The assessment concluded that, on the basis of the current level of financial risk and economic capital, the EBRD will be able to stay within its statutory and economic capital requirements during the Capital Resources Review (CRR) period 2011-2015 without any further capital increase. Moreover, the EBRD has confirmed that the extension will have no impact on the activities in the current countries of operations. LEGAL BASIS: Article 212 of the TFEU. This Article provides the legal basis to the EU for carrying out economic, financial and technical cooperation measures, in particular assistance to third countries. CONTENT: the proposal concerns the approval by the EU of the amendments to Articles 1 and 18 of the AEB which extend the scope of the EBRD's operations to the countries of the Southern and Eastern Mediterranean region. The proposal for two resolutions to change these two Articles was to allow the EBRD to engage in the Southern and Eastern Mediterranean region in three phases: first phase: following the request of the international community to quick start operations in the Mediterranean region, the EBRD will use Cooperation Funds, which will focus on technical cooperation and project preparation; second phase: the EBRD will allocate its own resources to Special Funds, which can deliver a full range of EBRD investment operations in the Southern and Eastern Mediterranean region. This phase will start once the amendments to Article 18 of the AEB have been ratified by a sufficient number of EBRD members, in accordance with Article 56 of the AEB; third and final phase: the Southern and Eastern Mediterranean countries will become fully fledged countries of operations. This phase will commence once the amendments to Article 1 of the AEB have been ratified by the EBRD members, in accordance with Article 56 of the AEB. A wide range of donors are being approached by the Bank to supplement both the Cooperation Funds and Special Funds. Cooperation Funds are targeted to reach a total volume of EUR 100 million, with monies likely to come from both current donors (including the EU through the Neighbourhood Investment Facility) and possibly non-traditional contributors, such as from the Arab world. No figure is presently anticipated to be set for donor contributions to Special Funds. Before the EBRD engages in any of its potential new countries of operations, it performs a detailed technical assessment of the economic and political conditions existing in the country, including an assessment of that country’s commitment to the AEB principles of multi-party democracy, pluralism and market economics, an assessment of transition gaps, what other International Financial Institutions are doing in the country, and the priorities where the EBRD can best make use of its unique knowledge and skills. In preparing these assessments, the EBRD will fully take into account the views of the EU and the wider international community. Assessments have recently been carried out for Egypt, Tunisia, Morocco and Jordan. These assessments will be updated at each phase of EBRD engagement, and the requirements get progressively more demanding. BUDGETARY IMPLICATION: by its nature, the present proposal has no direct financial impact on the budget of the Union. The acceptance by the EU of the expansion of the EBRD to the Southern and Eastern Mediterranean region does not require any operational expenditure.
- DG {'url': 'http://ec.europa.eu/dgs/economy_finance/index_en.htm', 'title': 'Economic and Financial Affairs'}, REHN Olli
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COM(2011)0905
summary
Documents
- Legislative proposal published: COM(2011)0905
- Committee report tabled for plenary, 1st reading/single reading: A7-0142/2012
- Results of vote in Parliament: Results of vote in Parliament
- Decision by Parliament, 1st reading/single reading: T7-0244/2012
- : Decision 2012/602
- : OJ L 177 07.07.2012, p. 0001
| Amendments | Dossier |
| 38 |
2011/0442(COD)
2012/03/23
ECON
38 amendments...
Amendment 14 #
Proposal for a decision Recital -1 a (new) (-1a) Since its establishment in 1990, the European Bank for Reconstruction and Development (EBRD) has assisted central eastern European countries in their transition towards open, market-oriented economies and the promotion of private and entrepreneurial initiative. After the events leading to the 'Arab Spring', countries of the Southern and Eastern Mediterranean have taken steps to transform the public administration and their economies. Whereas the economic and political situation in the countries of the Southern and Eastern Mediterranean substantially differs from those of Central and Eastern Europe, the EBRD should reform its policies, financial instruments and assessment procedures to demonstrate that sustainable development, the eradication of poverty, the rule of law and the protection of human rights are key principles of EBRD's operation in accordance with Article 3(5) and Article 21 of the Treaty on European Union (TEU).
Amendment 15 #
Proposal for a decision Recital -1 a (new) (-1a) Since its establishment in 1990, the European Bank for Reconstruction and Development (EBRD) has assisted central and eastern European countries in their transition towards open, market-oriented economies and the promotion of private and entrepreneurial initiative, and has thereby delivered a valuable contribution to the development of those countries. After the events leading to the 'Arab Spring', countries of the Southern and Eastern Mediterranean have taken steps to transform their public administrations and economies. In that transition process, those countries would benefit from the experience and the expertise of the EBRD.
Amendment 16 #
Proposal for a decision Recital -1 b (new) (-1b) In response to the differences of the economic and political situation in countries of the Southern and Eastern Mediterranean from those of Central and Eastern Europe, the EBRD has developed a new calibrated approach that will take into consideration the specificity of the Southern and Eastern Mediterranean.
Amendment 17 #
Proposal for a decision Recital 1 a (new) (1a) The countries of the Southern and Eastern Mediterranean referred to in this Regulation consist of member countries of the Union for the Mediterranean that are located on the southern and eastern shoreline of the Mediterranean and Jordan which is closely integrated into that region.
Amendment 18 #
Proposal for a decision Recital 1 α (new) (1a) Despite its name, the EBRD does not function as a real development bank, as its previous actions show. It has made no attempt to measure the impact of its projects in terms of sustainable development. It has not set poverty eradication in the developing countries where it operates as its overarching goal. In addition, EBRD projects have not only not helped address environmental problems, but have actually caused serious environmental damage.
Amendment 19 #
Proposal for a decision Recital 1 b (new) (1b) Since its establishment in 1990 in response to major changes in the political and economic climate in central and eastern Europe, the EBRD has assisted the countries of that region to encourage their transition towards market economies and pluralistic democratic societies. The EBRD's countries of operation should be extended to SEMED countries in order to promote similar objectives.
Amendment 20 #
Proposal for a decision Recital 2 a (new) (2a) According to Article 1 of its Statutes, the EBRD operates only in countries that are committed to and apply the principles of multiparty democracy and pluralism. These countries must therefore have legally and democratically elected governments, and respect for human and social rights must be ensured. The political context in the countries of the Southern and Eastern Mediterranean remains very uncertain, and the direction of reforms is not clear. In this context, external interference by the EBRD must not strengthen specific economic and political interest groups, including the existing power elites created by authoritarian regimes. In such cases, intervention of this kind may help to strengthen undemocratic governance, thus sending the wrong message;
Amendment 21 #
Proposal for a decision Recital 2 a (new) (2a) In line with its commitments, the EBRD should contribute through its investments to the effective implementation of relevant principles and rules of international law that relate to labour, environment, as well as corporate responsibility and public access to environmental information.
Amendment 22 #
Proposal for a decision Recital 2 a (new) (2a) The EBRD's expansion to the countries of the Southern and Eastern Mediterranean is an expression of the Union's support for the hopes, encouraged by the Arab Spring, of a transition in those countries towards market economies and pluralistic democratic societies.
Amendment 23 #
Proposal for a decision Recital 2 b (new) (2b) Bearing in mind the fragility of economies in its new countries of operation and the existence of social inequalities which stand as a root of the turmoil of the Arab Spring, the EBRD should not only focus on delivering a developed private sector, but also on contributing through its financing to the achievement of socially just and environmentally sustainable societies, in accordance with the Millennium Development Goals.
Amendment 24 #
Proposal for a decision Recital 3 b (new) (3b) The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to monitor its operations closely, in particular in countries where there is a lack of political accountability, where civic and human rights are infringed or where high level of corruption persists.
Amendment 25 #
Proposal for a decision Recital 3 c (new) (3c) By its Resolution 134, adopted on 21 May 2011, the Board of Governors of the EBRD stressed that the planned extension of the EBRD's mandate should be achieved without requiring additional capital contributions from its shareholders.
Amendment 26 #
Proposal for a decision Recital 3 d (new) (3d) The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to promote sustainable development, the eradicaton of poverty, the rule of law and the protection of human rights, in accordance with Article 3(5) and Article 21 TEU. They should also foster the transition of the EBRD's countries of operation towards energy-efficient, socially- inclusive market economies.
Amendment 27 #
Proposal for a decision Recital 5 (5) In carrying out its activities in the
Amendment 28 #
Proposal for a decision Recital 5 (5) In carrying out its activities in the Southern and Eastern Mediterranean region, the EBRD should be encouraged to
Amendment 29 #
Proposal for a decision Recital 5 a (new) (5a) Before the EBRD approves a potential new country of operation, it should make a detailed technical assessment of the economic and political conditions existing in the country concerned, including possible transition gaps in that country's commitment to the principles of multi-party democracy, pluralism and market economics, as enshrined in Article 1 of the agreement establishing the EBRD (the Agreement). Moreover, the EBRD should review the activities of other international financial institutions in that country and should set its priorities in such a way as to make the best use of its unique knowledge and skills. The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to make the preparation of its technical assessments transparent and to take full account of the views of the Union and the wider international community.
Amendment 30 #
Proposal for a decision Recital 5 a (new) (5a) Before the EBRD engages in a potential new country of operation, it is required to make a detailed technical assessment of the economic and political conditions existing in the country concerned, including possible transition gaps in that country's commitment to the principles of multi-party democracy, pluralism and market economics, as enshrined in Article 1 of the agreement establishing the EBRD (the Agreement). Moreover, the EBRD should review the activities of other international financial institutions in that country and should set its priorities in such a way as to make the best make use of its unique knowledge and skills. The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to take full account fully of the views of the Union and the wider international community in its technical assessments.
Amendment 31 #
Proposal for a decision Recital 5 a (new) (5a) Before the EBRD Governors approve potential recipient or recipient country status for any country of the Southern and Eastern Mediterranean, it should develop a detailed technical assessment of the economic and political conditions existing in the country concerned, including possible transition gaps in that country's commitment to the principles of multi-party democracy, human and civil rights protection, pluralism and sustainable market economics, as enshrined in Article 1 of the agreement establishing the EBRD (the Agreement). Moreover, the EBRD should review the activities of other international financial institutions in that country and should set its priorities in such a way as to make the best use of its unique knowledge and skills. The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to make the technical assessments publicly available and to take full account of the views of the Union, the persons concerned in the country of the Southern and Eastern Mediterranean concerned, and the wider international community.
Amendment 32 #
Proposal for a decision Recital 5 a (new) (5a) The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to take due note of the differences between most of the countries of the Southern and Eastern Mediterranean and the post-communist countries where the EBRD has traditionally operated. The EBRD should therefore be encouraged to undertake a tailored approach in each country and take into consideration for example the revolutionary context, the role of extremist forces, the role of the military and the monarchic political structures in some of those countries. The EBRD should therefore review its country and sector-level indicators and methodology of assessment of the political, economic, social and environmental situation and impacts of its operations;
Amendment 33 #
Proposal for a decision Recital 5 a (new) (5a) The representatives of the Union in the governing bodies of the EBRD should require the EBRD to refrain from carrying out lending operations in countries where there is a lack of political accountability, where civic and human rights are infringed or where high level of corruption persists.
Amendment 34 #
Proposal for a decision Recital 5 b (new) (5b) In accordance with Decision No 1219/2011/EU of the European Parliament and of the Council of 16 November 2011 concerning the subscription of the European Union to additional shares in the capital of the European Bank for Reconstruction and Development (EBRD) as a result of the decision to increase this capital1, the Commission should make an assessment of the European public investment banking system; ___________ 1 OJ L 313, 26.11.2011, p. 1.
Amendment 35 #
Proposal for a decision Recital 5 c (new) (5c) The Governor of the ERBD for the Union should be accountable to the European Parliament and should report annually to the competent committee of the European Parliament on the promotion of Union's external policy objectives, with particular regard to the Millennium Development Goals, the Europe 2020 and relevant flagship initiatives, the phasing out of fossil fuel lending, including lending for coal mining and energy production and the transfer of renewable energy and energy- efficient technologies. In particular, the report should provide details on results achieved, measured by the EBRD's indicator system, and the extent to which the EBRD addresses in its policies and practices the recommendations in the above-mentioned initiatives.
Amendment 36 #
Proposal for a decision Recital 5 c (new) (5c) The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to strengthen the work of the Audit Committee of the EBRD and the Office of the Chief Compliance Officer in view of the request of the European Parliament for an increase of transparency and tighter control to prevent secrecy by the beneficiaries or the use of tax havens;
Amendment 37 #
Proposal for a decision Recital 5 d (new) (5d) The Council, the Commission, and the Member States should come forward with, and present to the European Parliament, an assessment of the European public investment banking system by 2013, including the option of dissolving the EBRD and integrating relevant parts into the EIB. The assessment should set out options as to how best to rationalise the system, given that for international operations of the EU it has the EIB at its disposal, and given that for cooperation with international partner the World Bank Group is the most appropriate vehicle. In the medium term, there is no longer a need for a third public bank, which even if the cooperation between EIB, World Bank and EBRD are improved, still constitutes an unjustifiable extra cost to the Union and its Member States. Moreover, having a third bank operating in this field renders it even more difficult to achieve accountability and transparency on development lending.
Amendment 38 #
Proposal for a decision Recital 5 d (new) (5d) The representatives of the Union in the governing bodies of the EBRD should encourage the EBRD to cooperate with other financial institutions and development actors as well as the civil society in the country where it is operating or planning to operate in order to avoid overlap and to act in a more complementary way and gain mutually supportive positive development effects;
Amendment 39 #
Proposal for a decision Article 1 – paragraph 1 The amendments to Articles 1 and 18 of the Agreement Establishing the EBRD attached to this Decision are hereby approved on behalf of the European Union, subject to the rationalisation requirement set out in Article XXX.
Amendment 40 #
Proposal for a decision Article 1 a (new) Article 1a Rationalisation The Council, the Commission, and the Member States shall carry out an assessment of the European public investment banking system by 2013, including the option of dissolving the EBRD and integrating relevant parts into the EIB. A report on that assessment should be presented to the European Parliament. The assessment shall set out options as to how best to rationalise the system and present a road map for completing the rationalisation by 2016.
Amendment 41 #
Proposal for a decision Article 1 b (new) Article 1b Tax havens The representatives of the Union in the governing bodies of the EBRD shall use their best endeavours to avoid any activity by the EBRD implemented in its countries of operation through a foreign non- cooperative jurisdiction with one or more of the following characteristics: an absence of or only nominal taxes, a lack of effective exchange of information with foreign tax authorities, a lack of transparency in legislative, judicial or administrative provisions, an absence of requirements for a substantive local presence, or sustained promotion by the regime as an offshore financial centre.
Amendment 42 #
Proposal for a decision Article 1 c (new) Article 1c Fossil fuels The representatives of the Union in the governing bodies of the EBRD shall use their best endeavours to encourage the EBRD to adopt a strategy by 2013 for the phase-out of fossil fuel lending, including its lending for coal-fired power plants by 2015.
Amendment 43 #
Proposal for a decision Article 1 d (new) Amendment 44 #
Proposal for a decision Article 2 – paragraph 1 a (new) The Governor of the EBRD representing the Union shall report annually to the European Parliament on the expansion of EBRD operations to countries of the Southern and Eastern Mediterranean, in particular as regards the EBRD's contribution to the transition towards energy-efficient, socially-inclusive market economies whilst taking into account the civic and human rights context.
Amendment 45 #
Proposal for a decision Article 2 – paragraph 1 a (new) The representatives of the Union in the governing bodies of the EBRD shall encourage the EBRD to: - continue implementing the best prudential banking practices in order to further preserve its very strong capital position, - focus on areas consistent with the key objectives of the Europe 2020 strategy, - provide on the EBRD's website appropriate information about beneficiaries of its funds, the impact of its financial intermediary operations and the evaluations of projects.
Amendment 46 #
Proposal for a decision Article 2 – paragraph 1 a (new) The representatives of the Union in the governing bodies of the EBRD shall encourage the Board of Governors of the EBRD to adopt a clear plan on the way in which it will finance its new activities falling within the scope as extended by this Decision, and provide accordingly a public statement of its priorities within this new area.
Amendment 47 #
Proposal for a decision Article 2 – paragraph 1 b (new) The representatives of the Union in the governing bodies of the EBRD shall encourage the EBRD to make a detailed technical assessment of the economic and political conditions existing in the countries of the Southern and Eastern Mediterranean. The representatives of the Union in the governing bodies of the EBRD shall take all appropriate measures to encourage the EBRD only to provide its assistance in the Southern and Eastern Mediterranean countries in compliance with Article 1 of the Agreement and to refrain from large- scale lending operations in countries where there is a lack of political accountability, where civic and human rights are infringed or where corruption persists. The representatives of the Union in the governing bodies of the EBRD shall take all appropriate measures to encourage the EBRD to align its activities with Union policy on civic and human rights and to support projects that promote sustainable development.
Amendment 48 #
Proposal for a decision Article 2 – paragraph 1 b (new) When the Board of Governors of the EBRD has signed an agreement with a donor for the cooperation funds or special funds, it shall inform the Commission and the European Parliament accordingly.
Amendment 49 #
Proposal for a decision Article 2 – paragraph 1 c (new) The Commission and the representatives of the Union in the governing bodies of the EBRD shall take all appropriate measures to encourage the EBRD to refrain from large-scale lending operations in countries where there is a lack of political accountability, where civic and human rights are infringed or where corruption persists. The Commission shall take all appropriate measures to encourage the EBRD not to undertake activities that conflict with Union policies on civic and human rights and to support projects that promote sustainable development.
Amendment 50 #
Proposal for a decision Article 2 – paragraph 1 d (new) The EBRD shall disclose the evaluation of projects and beneficiaries of its projects by regularly publishing information with regards to the amounts disbursed, the recipients of these amounts, and the regions and sectors of industry to which disbursements have been made.
Amendment 51 #
Proposal for a decision Article 2 a (new) Article 2a Consultation With respect of the approval of potential recipient or recipient country status of the countries of the Southern and Eastern Mediterranean, the Commission shall carry out an inter-service consultation and shall consult civil society opinion in an appropriate manner prior to the Board of Governors' vote on country compliance with EBRD conditions, including with Article 1 of the Agreement.
source: PE-486.070
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