12 Amendments of Alessia Maria MOSCA related to 2018/2161(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses the importance which the European Investment Bank (EIB) attaches to operations outside the EU in its overall lending activity, and that new lending outside the EU should continue to maintain a fairly even split between support for social and economic infrastructure and support for local private sector development; underlines that the EIB is operating under a development mandate and therefore needs to work in line with the UN’s Sustainable Development Goals;
Amendment 4 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Recalls that Article 208 of the Treaty on the Functioning of the European Union establishes the principle of policy coherence and therefore demands the EIB’s external lending activities to be more consistent with the Union’s external policies and strategy; demands that the EIB, in close cooperation with the European External Action Service (EEAS), better reflects the Union’s external affairs priorities into its Regional Technical Operational Guidelines;
Amendment 6 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Welcomes the reporting activities of the EIB’s to ensure an increasing level of transparency but demands a wider access to information concerning its activities and in particular with regards to the contracting and subcontracting system, as well as access to financial data relating to EIB-funded projects; calls on the EIB to strengthen the involvement of civil society and stakeholders;
Amendment 7 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1c. Recalls that the EIB activities must reflect the Union’s internal and external policies; underlines that its lending conditions should facilitate the achievement of these goals and in particular the development of the Union’s peripheral regions by promoting growth and employment; calls on the EIB to greatly strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval in order to improve accessibility and involve all Member States, especially those with a lower success rate in terms of projects approved;
Amendment 8 #
Draft opinion
Paragraph 1 d (new)
Paragraph 1 d (new)
1d. Recalls that small and medium- sized enterprises (SMEs) are the backbone of the European economy and therefore calls on the EIB to bridge their lack of access to credit by enhancing existing programmes, such as the European Progress Microfinance facility, and by allocating them increased funds; regrets the sometimes limited use of trade preferences by European companies and reiterates the need for SMEs to fully benefit from the potential unleashed by European economic and trade partnership agreements; reiterates its support to the financing of new internationalization programmes tailored on SMEs’ needs; suggests the establishment of more pro-active SME and micro-enterprise policy requirements for intermediary banks disbursing EIB funds;
Amendment 9 #
Draft opinion
Paragraph 1 e (new)
Paragraph 1 e (new)
1e. Demands the involvement of the EIB in the European Globalisation Adjustment Fund’s activities and calls on the EIB to establish a task force to support the entrepreneurial activities of displaced workers and of the ones left behind by the collateral effects of globalisation;
Amendment 16 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Regards it as important that the EIB advocates higher transparency and social and environmental performance standards in its cooperation with other development banks as a condition for any capital involvement; regrets that the Memorandum of Understanding signed by the European Investment Fund and China’s Silk Road Fund (SRF) and the one signed by the European Investment Bank (EIB), the Asian Development Bank, the Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development, the New Development Bank, and the World Bank have not yet improved the business environment for European enterprises and workers; notes with concern that the AIIB governance structures do not yet foresee adequate involvement of shareholders in project financing decisions and that publically available project documentation lacks any detail on the fulfilment of the environmental and social measures that the AIIB requires from its lenders; expresses scepticism over the involvement of the EIB in the One Belt One Road initiative (OBOR) due to the lack of proper assessments on the project’s impact on working conditions and workers’ rights, on the environment, and on human rights; is concerned about the lack of transparency and good governance practices in the implementation of the project;
Amendment 19 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the rolling out by the EIB of the Economic Resilience Initiative that helps the countries in the Western Balkans and the EU’s Southern Neighbourhood to address the challenges posed by irregular migration and forced displacement; calls for increased funding to this Initiative and a strengthened involvement of the EIB in these regions in order to support humanitarian action, job creation, economic growth and infrastructure improvements; in this regard welcomes the approval of the first projects of the European External Investment Plan (EEIP) in Africa and looks forwards to a strengthened role for the EIB;
Amendment 23 #
Draft opinion
Paragraph 5
Paragraph 5
5. Is of the opinion that the EIB should continue to enhance its role in helping to achieve sustainable development, and that climate action lending should focus mainly on the transport and energy sectors.; reiterates its firm opposition to the financement of projects linked to the consumption of fossil fuels; calls on the EIB to pay greater attention to the impact of its operations on human rights and labour rights, and to further develop its policy on social standards into a human rights policy in the area of banking; suggests, for this purpose, the inclusion of human rights benchmarks in its project evaluations;
Amendment 28 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls on the EIB to ensure that companies participating in projects co- financed by the EIB shall be required to adhere to the principles of equal pay and pay transparency as well as gender equality as set out in Directive 2006/54/EC of the European Parliament and of the Council of 5 June 2006 on the implementation of the principle of equal opportunities and equal treatment of men and women in matters of employment and occupation; also calls for EIB decisions on project financing to take into account action by candidate companies in the field of corporate social responsibility;
Amendment 31 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Calls on the EIB, taking into account the insufficient project generation capacity in the public and private sectors and the lower borrowing capacity in some Member States, and with a view to reducing the investment shortfall in the EU, to consider an approach whereby contributions made on a one-off basis to EIB-funded projects by Member States, whether by a Member State as such or by national promotional banks classified in the general government sector or acting on behalf of a Member State, would qualify as one-off measures within the meaning of Article 5 of Council Regulation (EC) No 1466/97and Article 3 of Council Regulation (EC) No 1497;
Amendment 32 #
Draft opinion
Paragraph 5 c (new)
Paragraph 5 c (new)
5 c. Calls on the EIB to publish detailed information on its website about decisions on the selection of projects to be financed, with particular reference to the reasons for rejection of projects submitted, the outcome of in-house investigations, the selection, supervision, and assessment of its activities and programmes, based on clear measurable indicators, and the methods used for, and the findings of, ex ante assessments and ex post reports for every project financed.