Activities of Mireille D'ORNANO related to 2016/0275(COD)
Shadow opinions (1)
OPINION on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union
Amendments (28)
Amendment 5 #
Proposal for a decision
Recital 1
Recital 1
(1) The international community faces an unprecedented refugee crisis which requires solidarresponsibility, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. All actors need to work together to apply sustained, medium and long-term policies and an efficient use of existing processes and programmes in order to support initiatives which contribute to addressing root causes of migration.
Amendment 6 #
(1) The international community faces an unprecedented refugee crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. All actors need to work together to apply sustained, medium and long-term policies and an efficient use of existing processes and programmes in order to support initiatives which contribute to addressing root causes of migratDoes not affect the English version.)
Amendment 8 #
Proposal for a decision
Recital 2
Recital 2
(2) A new results-oriented partnership framework with third countries which takes account of all Union policies and instruments should be developed. As part of that new partnership framework, the External Investment Plan should be established in order to support investments in regions outside the Union, while contributing to the achievement of the sustainable development goal. It should also fulfilproduce tangible results from existing programmes outside the Union, without interfering with the objectives of the 2030 Agenda for Sustainable Development and the objectives pursued by the other financing instruments for external action.
Amendment 9 #
Proposal for a decision
Recital 4
Recital 4
(4) A key component of the EIB Resilience Initiative is the expansion, in both quantitative and qualitative terms, of the EIB External Lending Mandate (ELM). This should enable the EIB to rapidly contribute to the EIP's objectives, in particular by providing additional financing to private-sector beneficiaries. These objectives are the promotion of investment in the countries concerned - particularly in development - and the fight against deep-rooted causes of migration.
Amendment 10 #
Proposal for a decision
Recital 5
Recital 5
(5) Complementarity of EIB Resilience Initiative with the other components of the EIP is to be ensured through the Strategic Board of the European Fund for Sustainable Development, - the purpose of which is to tackle the deep-rooted causes of migration - where the EIB is to have a full seat.
Amendment 11 #
Proposal for a decision
Recital 8
Recital 8
(8) In accordance with Article 19 of Decision No 466/2014/EU, the Commission, in cooperation with the EIB, prepared a mid-term review report evaluating the application of that Decision based on an independent external evaluation which must be independent.
Amendment 12 #
Proposal for a decision
Recital 9
Recital 9
(9) In order to allow the ELM to respond to potential upcoming challenges and Union priorities, as well as to provide a strategic response addressing root causes of migration, the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32 300 000 000 by releasing the optional additional amount of EUR 3 000 000 000. Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees and host communities in crisis affected areas in order to prevent those refugees from migrating to Europe, with all the risks that would entail.
Amendment 13 #
Proposal for a decision
Recital 9
Recital 9
(9) In order to allow the ELM to respond to potential upcoming challenges and Union priorities, as well as to provide a strategic response addressing root causes of migration, the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32 300 000 000maintained by releasing the optional additional amount of EUR 3 000 000 000from the authorities in countries receiving financing, thereby involving them in the EIB's operations. Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees and host communities in crisis affected areas.
Amendment 14 #
Proposal for a decision
Recital 10
Recital 10
(10) Under the new private sector lending mandate, the maximum amount of EUR 2 300 000 000 should be dedicated to projects addressing root causes of migration within the maximum increased ceiling and should benefit from the Comprehensive Guarantee by the Union. If, after the projects have been financed for two years, it proves impossible drastically to reduce the number of migrants leaving their country of origin, the loans made to the private sector should be repaid in advance and not renewed.
Amendment 15 #
Proposal for a decision
Recital 11
Recital 11
(11) Addressing root causes of migration to avoid, in particular, human tragedies in the Mediterranean should be added as a new objective of the mandate.
Amendment 16 #
Proposal for a decision
Recital 12
Recital 12
(12) Complementarity and coordination with UnioEuropean initiatives addressing root causes of migration should be ensured, including with Union support for the sustainable reintegration of returnedreturn of migrants into their countries of origin.
Amendment 18 #
Proposal for a decision
Recital 13
Recital 13
(13) Following the Paris Agreement adopted under the United Nations Framework Convention on Climate Change4 , the EIB should aim to susmaintain the current high level of climate -relevant spending under the ELM, contributing to increasing its climate-related investment in developing countries from 25 % to 35 % by 2020, unless there is a substantial worsening of the migrant crisis in Europe. _________________ 4 Council Decision (EU) 2016/590 of 11 April 2016 on the conclusion, on behalf of the European Union, of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change (OJ L 103, 19.4.2016, p. 1).
Amendment 19 #
Proposal for a decision
Recital 15
Recital 15
(15) The EIB should develop and implement a set of indicators in its Results Measurement framework for projects in the public sector and in the private sector directed to refugees and host communities. These indicators should include the ability to prevent members of the workforce from leaving their countries of origin in the areas concerned. Therefore, an assessment of the contribution of EIB financing operations addressing root causes of migration should be included in the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations.
Amendment 20 #
Proposal for a decision
Recital 16
Recital 16
Amendment 22 #
Proposal for a decision
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Decision No 466/2014/EU
Article 2 – paragraph 1 – introductory part
Article 2 – paragraph 1 – introductory part
The maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall not exceed EUR 32 30 000 000 000. Amounts initially earmarked for financing operations but subsequently cancelled shall not count against the ceiling.
Amendment 23 #
Proposal for a decision
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Decision No 466/2014/EU
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
(b) a maximum amount of EUR 2 300 000 000 under a private sector lending mandate for projects addressing but shall not include new projects aimed at resolving the deep-rooted causes of migration not covered by the EU guarantee throughout the 2014-20 period.
Amendment 24 #
Proposal for a decision
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Decision No 466/2014/EU
Article 2 – paragraph 2
Article 2 – paragraph 2
2. The maximum amounts under the general mandate and the private sector lending mandate referred to in paragraph 1 shall be broken down into regional ceilings and sub-ceilings as laid down in Annex I. Within the regional ceilings, the EIB shall progressively ensure a balanced country distribution within the regions covered by the EU guarantee., with, however, priority given to countries with the highest number of migrant departures from their territory;
Amendment 26 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point b
Article 1 – paragraph 1 – point 2 – point b
Decision No 466/2014/EU
Article 3 – paragraph 5
Article 3 – paragraph 5
To ensure that private sector investments have the greatest development impact, the EIB shall endeavour to strengthen the local private sector in beneficiary countries through support to local investment as provided for in point (a) of paragraph 1. EIB financing operations supporting the general objectives set out in paragraph 1 shall endeavour to also enhance its support to investment projects run by SMEs from the Union. In order to effectively monitor the use of funds for the benefit of the SMEs concerned, the EIB shall establish and maintain adequate contractual provisions imposing standard reporting obligations on both the financial intermediaries and the beneficiaries; the EIB shall at the same time try to ensure that members of the workforce who might otherwise migrate to Europe remain in their countries;
Amendment 29 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c
Article 1 – paragraph 1 – point 2 – point c
Decision No 466/2014/EU
Article 3 – paragraph 7 – subparagraph 1
Article 3 – paragraph 7 – subparagraph 1
EIB financing operations supporting the general objectives set out in point (c) of paragraph 1 shall back investment projects in climate change mitigation and adaptation that contribute to the overall objectives of the United Nations Framework Convention on Climate Change and of the Paris Agreement adopted under that Convention, in particular by avoiding or reducing greenhouse gas emissions in the areas of renewable energy, energy efficiency and sustainable transport, or by increasing resilience to the adverse impacts of climate change on vulnerable countries, sectors and communities. All these provisions shall be taken in conjunction with the local authorities in the countries concerned whenever a project receives financing.
Amendment 31 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c
Article 1 – paragraph 1 – point 2 – point c
Decision No 466/2014/EU
Article 3 – paragraph 7 – subparagraph 3
Article 3 – paragraph 7 – subparagraph 3
Over the period covered by this decision, the EIB should endeavour to sustain the current high level of climate-relevant operations, while the minimum volume of those operations shall represent at least 25 % of the total EIB financing operations, unless there is a substantial worsening of the migrant crisis in Europe.
Amendment 35 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c
Article 1 – paragraph 1 – point 2 – point c
Decision No 466/2014/EU
Article 3 – paragraph 8 – subparagraph 1
Article 3 – paragraph 8 – subparagraph 1
EIB financing operations supporting the general objectives set out in point (d) of paragraph 1 shall back investment projects that address root causes of the migration and contribute to long-term economic resilience and safeguard sustainable development in beneficiary countries. EIB financing operations shall, in particular, address increased needs for infrastructure and related services to cater forrestrict as far as possible the migrants influx, and boost employment opportunities for host and refugee communities to foster economic integration and enable refugees to become self-reliant.
Amendment 36 #
Proposal for a decision
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Decision No 466/2014/EU
Article 8 – paragraph 1
Article 8 – paragraph 1
The Comprehensive Guarantee shall alsonot apply to EIB financing operations under the private sector lending mandate referred to in Article 2(1)(b).;
Amendment 37 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 – point a
Article 1 – paragraph 1 – point 5 – point a
Decision No 466/2014/EU
Article 11 – paragraph 1
Article 11 – paragraph 1
Amendment 38 #
Proposal for a decision
Annex I – point D – paragraph 2
Annex I – point D – paragraph 2
Within the overall fixed ceiling, the EIB governing bodies may decide, after consulting the CommissionEuropean Parliament and the Council, to reallocate an amount of up to 20 % of the sub- regional ceilings within regions and up to 20 % of the regional ceilings between regions. The total amount of EUR 2 300 000 000 earmarked under the private sector lending mandate in points A and B shall not be modified.
Amendment 39 #
Proposal for a decision
Annex II – point A – point 1 – paragraph 2
Annex II – point A – point 1 – paragraph 2
Albania, former Yugoslav Republic of Macedonia, Montenegro, Serbia, Turkey.
Amendment 40 #
Proposal for a decision
Annex II – point A – point 2 – paragraph 2
Annex II – point A – point 2 – paragraph 2
Bosnia and Herzegovina, Kosovo.
Amendment 43 #
Proposal for a decision
Annex III – point A – point 1 – paragraph 2
Annex III – point A – point 1 – paragraph 2
Albania, former Yugoslav Republic of Macedonia, Montenegro, Serbia, Turkey.
Amendment 44 #
Proposal for a decision
Annex III – point A – point 2 – paragraph 2
Annex III – point A – point 2 – paragraph 2
Bosnia and Herzegovina, Kosovo.