Activities of Salvatore CICU related to 2016/2099(INI)
Shadow opinions (1)
OPINION on Annual Report on the Financial Activities of the European Investment Bank
Amendments (7)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Looks forward to the results of the Commission’'s mid-term review of the external lending mandate for the European Investment Bank (EIB); underlines that the EIB is operating under a development mandate and therefore needsrges the Commission to ensure that the projects financed by the EIB are in line with the EU policies and respect the European interests and underlines the need for the EIB to work in line with the UN’'s Sustainable Development Goals in its capacity of financial arm of the EU;
Amendment 7 #
Draft opinion
Paragraph 2
Paragraph 2
2. Reiterates its call on the Commission to establish a framework for annual reporting by the EIB on its operations outside the EU as regards compliance with the general principles guiding the Union’'s external action and welcomes any further initiative by the EIB to enhance transparency and ensure that stakeholders are duly consulted; considers that the optional additional amount for the EIB should be released only if progress on such reporting is achieved;
Amendment 14 #
Draft opinion
Paragraph 3
Paragraph 3
3. Calls on the EIB to design ambitious action plans under its new climate strategy, in order to strengthen its position as a leader in the climate field, especially in the phasing out of support for fossil fuels and achieve a more competitive, secure and sustainable energy system in line with the 2030 Energy Strategy;
Amendment 19 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Recalls that the SME's are the backbone of the European economy and stresses that access to finance is one of their most pressing challenges; Calls in this respect on the EIB to improve effective access to funding for SME's, including through trade facilitation programmes and initiatives such as the European Progress Microfinance facility;
Amendment 22 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4 b. Calls on the EIB to continue improving the communication with the financial intermediaries so that the latter can better inform the beneficiaries of the EIB financing opportunities at their disposal; welcomes in this regard the recent established mechanism whereby lending institutions using EIB funds to finance a project must send a letter to the beneficiary explicitly stating the use of EIB financing;
Amendment 23 #
Draft opinion
Paragraph 4 c (new)
Paragraph 4 c (new)
4 c. Welcomes the EIB's financing activity in the area of infrastructure and transport as these projects significantly increase the potential of trade and can have a leverage effect in the internationalisation of SME's, especially in regions with geographical disadvantages;
Amendment 27 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Welcomes the Commission's proposal to set up a European External Investment Plan (EEIP) which aims at tackle root causes of migration, by contributing to the achievement of the sustainable development goals and in this regard is looking forward to seeing the EIB play a significant role, in particular by providing additional financing to private-sector beneficiaries.