Activities of Georgi PIRINSKI related to 2016/2098(INI)
Shadow reports (1)
REPORT on the annual report on the control of the financial activities of the EIB for 2015 PDF (413 KB) DOC (76 KB)
Amendments (31)
Amendment 1 #
Motion for a resolution
Citation 10
Citation 10
— having regard to Articles 15, 126, 174, 175, 208, 209, 271, 308 and 309 of the Treaty on the Functioning of the European Union (TFEU) and, to Protocol No 5 thereto on the Statute of the EIB and to Protocol 28 No 28 thereto on economic, social and territorial cohesion,
Amendment 6 #
Motion for a resolution
Citation 22 a (new)
Citation 22 a (new)
- having regard to the Tripartite Agreement between the European Commission, the European Court of Auditors, and the European Investment Bank from September 2016,
Amendment 7 #
Motion for a resolution
Citation 22 b (new)
Citation 22 b (new)
- having regard to the letter of the European Ombudsman to the President of the European Investment Bank from 22 July 2016,
Amendment 8 #
Motion for a resolution
Recital A
Recital A
A. whereas the EIB is the longstanding financing partner of the EU institutions,Treaty-bound to contributinge to EU integration, economic and social cohesion and regional development through dedicated investment instruments such as loans, equities, guarantees, risk-sharing facilities and advisory services;
Amendment 12 #
Motion for a resolution
Recital C
Recital C
C. whereas the European Investment Fund (EIF) and the European Fund for Strategic Investments (EFSI) should play a key role in complementing the EIB’s interventions as the EU’s specialist vehicle for venture capital and guarantees aimed primarily at supporting SMEs and European integration and regioneconomic, social and territorial cohesion;
Amendment 17 #
Motion for a resolution
Recital E
Recital E
E. whereas safeguards against fraud, including tax fraud and money laundering, and against the financing of terrorism risks are contained in EIB contractual provisions included in the contracts signed between the EIB Group and its counterparties; whereas the EIB also expectsshall require that its counterparties to comply with all applicable legislation; whereas additional contractual provisions addressing specific transparency and integrity issues can be imposed by the EIB on the basis of due diligence results;
Amendment 24 #
Motion for a resolution
Recital K
Recital K
K. whereas continuous attention should be focused on the development of best practices related to the EIB’s performance policy and management, as well as good governance and transparency;
Amendment 25 #
Motion for a resolution
Recital L a (new)
Recital L a (new)
La. whereas the EIB has not yet undertaken all necessary measures in response to the recommendations and calls of Parliament in its resolutions on the EIB Annual Reports from previous years;
Amendment 28 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Regrets, however, that the EIB has not presented a report in fulfilment of the stipulations of Article 9 of the Protocol 5 to the TFEU and recalls Parliament’s request to present a more comprehensive and harmonised annual report for a better overview and evaluation of the EIB’s overall activities and lending priorities; invitessists on the EIB to further refine and provide information on anticipaconcreted economic, social and environmental impacts of its operations;
Amendment 36 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Emphasises that all EIB-financed activities must be part of and steadily consistent with the EU’s general strategy and political priority areas as defined in the Europe 2020 strategy, the Growth and Employment Facility and the Compact for Growth and Jobs, while integratapplying the economic, social and financial efficiency criteria at projects selection;
Amendment 41 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Strongly encourages the EIB to continue its efforts to overcome investment, market and sectoral gaps with a view to possibly fostering transnationand to invest in projects and operations which have real added value viafor achieving greater EU economic, social and territorial convergencehesion, a stronger investment environment, higher employment and the return of sustainable growth across the EU;
Amendment 46 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Recalls that supporting economic recovery and, sustainable growth and stronger cohesion is an overarching objective and that the EIB should anticipate structural challenges, notably those related to Europe’s re- industrialisation and the knowledge-based and digital economy, in order to generate new economic opportunities, innovation and use of renewables in line with the goals of environmental, climate or energy policies;
Amendment 54 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Acknowledges that the EIB is a core actor needed to revitalise the EU economy and maximise the effectiveness and value for money of available financial resources by using revolving instruments, namely through a multiplier effect of guarantee funds and leveraging classical EU financial instruments such as grants;
Amendment 63 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes there is a need to secure a resilient and sustainable EU funding strategy to speed up economic recovery, boost employment and help certain economic sectors and geographical arealess-developed regions catch up; recalls the need to focus on investment making a difference; believes that projects should be chosen on the basis of their own merits and effective additionality, possibly with a higher risk profile;
Amendment 68 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Reiterates, in this respect, that more information should be givenmade public on the precise nature of individual projects funded directly or indirectly through the EIB’s lending activities, and, in particular, on their added value and expected impact;
Amendment 75 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Is deeply concerned about the generally higher costs and fees for EIB/EIF-managed funds implementing financial instruments under shared management which have been revealed by the European Court of Auditors (ECA) findings in its Special report 19/2016 on 'Implementing the EU budget through financial instruments – lessons to be learnt from the 2007-2013 programme period' and encourages the ECA to conduct similar audit for the current period;
Amendment 76 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. WelcomNotes the report on the results and impact of the EIB operations inside the EU in 2015 based on the three-pillar assessment methodology with a view to assessing expected results, monitoring current results and measuring the impact of the four key public policy goals (PPGs), namely Innovation and skills (22.7 % of EIB signatures in 2015, amounting to EUR 15.8 billion), Finance for SMEs and midcaps (28.5 % of signatures, or EUR 19.8 billion), Infrastructure (24.5 %, or EUR 17.1 billion) and Environment (24.3 %, or EUR 16.9 billion); notes that a selection of outputs and outcomes for the new operations signed are included to illustrate expected results, but that there is no information included in this report about monitored current results nor on the impact achieved;
Amendment 78 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Notes the inclusion of the two cross-cutting policy objectives, namely climate action and cohesion, as well as the updating of the three-pillar methodology to align it with the requirements of the EFSI Regulation; Regrets that there is no information provided in the 2015 Annual Report on the EIB operations inside the EU about expected and achieved results from the Bank operations with regard to its two cross-cutting policy objectives, namely climate action and cohesion; is concerned that in 2015 the EIB did not reach the envisaged level of 30% investments for cohesion (25.2 % achieved inside the EU) and that the forecasted implementation for 2016 (27%) is also below the target of 30%; strongly invites the EIB to reinstate economic, social and territorial cohesion as a primary public policy goal and to start explicit reporting on its implementation;
Amendment 79 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Regrets as well as that the updating of the three-pillar methodology to align it with the requirements of the EFSI Regulation has not led to harmonization of the EIB reporting for operations inside the EU with the reporting of operations outside the EU and to the inclusion of analytical and comprehensive information about achieved concrete results inside the EU; requests more information to be disclosed at project level by giving public access to 3 Pillars Assessment (3PA) and Results Measurement Framework (REM) project evaluation and assessment sheets;
Amendment 85 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Acknowledges the complexity of monitoring a growing portfolio and various projects pipeline and subsequently the overall management of indicators and encourages the EIB to apply greater efforts to ensure proper monitoring;
Amendment 97 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Takes note that the EIB’s support to SMEs accounted for approximately 36.6 % of its funding in 2015, triggering a leverage effect of EUR 39.7 billion for SME finance and expecting to supporting 5 million jobs;
Amendment 98 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Welcomes the launch of new instruments, agreed between the EIB and the Commission, such as the Private Finance for Energy Efficiency (PF4EE) instrument, the SME initiative and the Employment and Social Innovation Initiative (EaSI) which include sustainability components and are in line with(EaSI) financial instruments which are expected to contribute to the achievement of the European 2020 strategy; welcom goals; notes the EIF’s activities, in particular with regard the COSME (Competitiveness of Enterprises and SMEs) programmefinancial instruments and Innovfin, which benefited from the EFSI in 2015 by doubling the amount of loans it guarantees;
Amendment 112 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Invites the EIB to defcontinue a new globalsupporting infrastructure agenda based on efficient projects of common interest such as transport (in transport and energy sectors with own resources and by implementing the Debt Financial Instruments under the Connected Europe) Facility, while considering their compatibility with climate policy objectives and regional development;
Amendment 144 #
Motion for a resolution
Paragraph 45
Paragraph 45
45. Insists, for accountability purposes, on the development of result-driven investments to be regularly assessed through the scoreboard of indicators by the Investment Committee, with a view to identifying well-targeted projects in terms of their contribution to growth and jobs and to having an objective overview of their additionality, added value and consistency with Union policies or other classical EIB operations; calls on the EIB to disclose information on how projects receiving the EFSI guarantee scored when measured against the EFSI Scoreboard of Indicators;
Amendment 145 #
Motion for a resolution
Paragraph 46
Paragraph 46
46. Notes that, in the future, the EIB remains open to discussing with Parliament’s services the further arrangements which could be envisaged to have a more structured, less fragmented approach for the Parliament-EIB dialogue; is concerned that the EIB and Parliament are currently working towards a swifstill have not conclusion ofded the formal agreement on the EFSI, which sets provisions for all information exchange under it – including the Annual Report on the EFSI to the Council and Parliament as it is stipulated in the Regulation 1017/2015; recommends this agreement to cover all EIB activities related to use of EU budget, as well as information about implementation of EP recommendations in its resolution on EIB and reasons for the recommendations that were not implemented;
Amendment 152 #
Motion for a resolution
Paragraph 50
Paragraph 50
50. Welcomes the fact that the EIB’s transparency policy is based on a presumption of disclosure and that everyone can access EIB documents and information; the EIB is not stoppingrecalls its recommendation for publication on the EIB website of non- confidential documents such as Corporative Operational Plans for previous years, interinstitutional agreements and memorandums and calls on the EIB to not stop there, but isto continue constantly looking for ways to improve and raising the bar;
Amendment 166 #
Motion for a resolution
Paragraph 56
Paragraph 56
56. InvitesWelcomes the pro-active approach taken by the European Ombudsman in exerting public scrutiny over the EIB,; in accordance with its wide scope of intervention, to better prevent conflicts of interest in its governing bodies and potential revolving doors issuess strongly concerned with the identified shortcomings in the existing EIB mechanisms to prevent possible conflict of interests within its governing bodies; invites, in this regard, the EIB, in order to better prevent conflicts of interest in its governing bodies and potential revolving doors issues to take into consideration the Ombudsman's recommendations and to revise its Code of Conduct as soon as possible;
Amendment 170 #
Motion for a resolution
Paragraph 56 a (new)
Paragraph 56 a (new)
56a. Considers that the Vice-Presidents of the EIB should no longer be in charge of projects in their home countries, given that a clear potential for conflicts of interests exists and that only a minority of Member States have their own Vice- President;
Amendment 180 #
Motion for a resolution
Paragraph 60 a (new)
Paragraph 60 a (new)
60a. Notes the conclusion of the updated Tripartite Agreement between the EIB, the Commission and the Court of Auditors in September 2016 and calls on the Court to conduct performance audits of the EIB operations in different sectors when they are related to the use of the EU budget resources with regard their effectiveness and efficiency;
Amendment 182 #
Motion for a resolution
Paragraph 60 b (new)
Paragraph 60 b (new)
60b. Calls on the Commission to present annually by June every year starting from 2018 a report on implementation from the beginning of the current MFF and state of play, including results achieved, of all financial instruments managed and implemented by the EIB Group, which operate with resources from the EU budget, in order to use it in the discharge procedure;
Amendment 183 #
Motion for a resolution
Paragraph 60 c (new)
Paragraph 60 c (new)
60c. Calls on the European Anti-Fraud office (OLAF) to include information in its annual report about cases related to the EIB;