Activities of Doru-Claudian FRUNZULICĂ 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 (13)
Amendment 26 #
Proposal for a decision
Recital 1
Recital 1
(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 migrationory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change.
Amendment 35 #
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 migrationory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change, 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 3 008 470 000 000. 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.
Amendment 44 #
Proposal for a decision
Recital 11
Recital 11
(11) Addressing root causes of migration should be added as a new objective of the mandateory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change should be added as a new objective of the mandate; every project financed under the new objective should fulfil the criteria for Official Development Assistance (ODA) established by the Development Assistance Committee (DAC) of the OECD and be in compliance with Article 208 of the Treaty on the Functioning of the European Union and UN´s Guiding Principles on Business and Human Rights.
Amendment 53 #
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 communitiincluding indicators that can, in an effective way, measure and assess the project´s contribution to Sustainable Development Goals, the involvement of local civil society, the alignment with Union external and Union budget priorities and other indicators agreed at international level by the Union and its Member States. Therefore, an assessment of the contribution of EIB financing operations addressing root causes of migrationthose mentioned factors should be included in the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations.
Amendment 56 #
Proposal for a decision
Recital 16
Recital 16
(16) Only where it concerns the need to address urgencies and crisis situations that could arise within the mandate period and which are recognised as Union external policy priorities, the ceiling for reallocation between the regions by the EIB in the course of the mandate should be increased from 10 % to 20 %. The EIB should notify the European Parliament any reallocation decision by providing a justification report and an impact assessment. The private sector mandate of EUR 2 300 000 000 and the amount of EUR 1 400 000 000 dedicated to public sector projects cannot be reallocated because its purpose is to address root causes of migration.
Amendment 59 #
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– subparagraph 1
Article 2 – paragraph 1– subparagraph 1
The maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall not exceed EUR 32 308 470 000 000. Amounts initially earmarked for financing operations but subsequently cancelled shall not count against the ceiling.
Amendment 60 #
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 – subparagraph 2 – point a
Article 2 – paragraph 1 – subparagraph 2 – point a
(a) a maximum amount of EUR 30 006 170 000 000 under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to refugees and host communitiesaddress the root causes of migratory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change;
Amendment 66 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point a
Article 1 – paragraph 1 – point 2 – point a
Regulation (EC, Euratom) No 480/2009
Article 3 – paragraph 1 – point (d)
Article 3 – paragraph 1 – point (d)
(d) strategic response to addressing root causes of migration.migratory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change;
Amendment 68 #
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 – subparagraph 1
Article 3 – paragraph 5 – subparagraph 1
To ensure that private sector investments have the greatest development impact, the EIB shall endeavour to strengthen as a priority 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 and evaluate 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;
Amendment 73 #
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, gradually increasing that target to at least 35% by 2020.
Amendment 76 #
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 migrationmigratory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change and contribute to long-term economic resilience and safeguard sustainable development in beneficiary countries while ensuring compliance with the SDGs. EIB financing operations shall, in particular, address increased needs for infrastructure and related services to cater for the migrants influx, and boost employment opportunities for host and refugee communities to foster economic integration and enable refugees to become self-reliant.strengthen humanitarian action and support for decent job creation, while ensuring the full respect of human, labour and social rights, fundamental freedoms and gender mainstreaming by implementing a rights- based approach (RBA) encompassing all human and social rights in line with transparency, participation, non- discrimination and accountability. EIB financing operations shall recognise that gender equality is a cross cutting issue to achieving sustainable development. A gender perspective shall be applied to all financing operations. The EIB shall ensure that it develops a Gender Action Plan by 31 December 2017 and that all EIB operations under this mandate comply with the principles of its Gender Strategy approved in December 2016
Amendment 85 #
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 – point b
Article 11 – paragraph 1 – point b
(b) Indicators for projects providing strategic response addressing root causes of migration shall be developed by the EIB; in consultation and in cooperation with stakeholders and the civil society;
Amendment 89 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Decision No 466/2014/EU
Article 11 – paragraph 1 – point j
Article 11 – paragraph 1 – point j
(j) An assessment of the contribution of EIB financing operations in providing strategic response addressing root causes of migration. migratory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change;