5 Amendments of Marco VALLI related to 2016/2302(INI)
Amendment 4 #
Draft opinion
Paragraph 1
Paragraph 1
1. Emphasises that the ultimatemain purpose of financial instruments (FIs) is to act in situations of market failure or suboptimal investment as a catalyst making it possible to mobilise funding for projects which cannot secure adequate support from the market; insists that the funding channelled through the EU-supported FIs shouldmust play a social role and not be limited to satisfying private interests onin support of the real economy, in accordance with the principles of sound financial management and the Europe 2020 strategy, and should not be limited to satisfying private interests only; stresses the importance of an independent ex ante evaluation of the projects to be funded, in order to identify real investment requirements and consequent added value; points out that the use of FIs must not be to the detriment of the normal monitoring procedures provided for when the EU budget is used directly;
Amendment 11 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Notes that FIs, both those subject to shared management and those subject to central management, have hitherto not managed to attract any private capital; calls on the Commission to provide an assessment regarding this shortcoming;
Amendment 19 #
Draft opinion
Paragraph 3
Paragraph 3
3. Takes note of the total volume of EUR 5 571.63 million of operational programme contributions committed to FIs by 21 Member States by 31 December 2015 in the current Multiannual Financial Framework (MFF), EUR 5 005.25 million of which are from the ERDF and CF; points out that in the previous programming period a significant number of ERDF and ESF financial instruments turned out to be excessive and, at the end of 2014, the disbursement of the appropriations assigned to them continued to be highly problematic;
Amendment 28 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls on the Commission to carry out a comparative analysis of the implementation costs of grants and financial instruments (in central and shared management) for the 2014-2020 programme period with a view to establishing their actual levels; notes that such information would be particularly relevant with a view to preparing the legislative proposals for the post-2020 period; calls for a complete performance evaluation before the end of 2019 in order to consider the future of such instruments;
Amendment 37 #
Draft opinion
Paragraph 5
Paragraph 5
5. Points to the challenges that FIs represent for democratic control, timely and transparent reporting and accountability; stresses the importance of having access to data concerning the use of budgetary resources by the ESI Funds and obtaining an assessment of the results achieved; believes that the revision of the Financial Regulation and the ‘omnibus regulation’ could provide an opportunity to streamline the reporting on FIs and thus provide a better basis to assess additionality and complementarity between different forms of EU support, particularly between cohesion funds and the European Fund for Strategic Investments (EFSI).