12 Amendments of Daniel BUDA related to 2016/2302(INI)
Amendment 16 #
Draft opinion
Recital C a (new)
Recital C a (new)
Ca. whereas the EU agricultural sector must be supported in future to remain globally competitive;
Amendment 20 #
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses the potential advantages offered by the financial instruments available under the European Fund for Rural Development, whether in the form of loans, guarantees or capital funds; stresses the need to diversify existing financial instruments as closely as possible in line with the needs of European farmers;
Amendment 45 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges that both the volume and the quality of financial instruments (in the form of microcredit, loans, guarantees, equity and venture capital) under Cohesion Policy’s shared management increased; highlights the two main reasons for this trend – the 2007-2013 period provided valuable experience and lessons regarding ESI Funds implementation through grants and financial instruments, while the 2014- 2020 MFF reflects the post-crisis need for more financial instruments owing to fiscal limitations; reiterates the importance of using simplified financial instruments that are more easily accessible, which will help make them more attractive;
Amendment 46 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that, up to now, the level of use made of CAP financial instruments has been low, and calls for consideration to be given to this area with the aim of ensuring that these instruments are better suited to the agricultural sector and further simplifying the procedures, and creating public advice platforms; notes that complex rules diminish the attractiveness of funding in the agricultural sector and stresses the need for reasonable conditionality to avoid unnecessary administrative burdens;
Amendment 57 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses the complementary nature of these instruments in relation to subsidies and draws attention to the need to ensure that the former do not replace the latter, which would be extremely damaging for farming and the rural environment; points out that the balanced use of both types of funding helps enhance project performance and ensure increased accountability regarding investment spending in rural areas;
Amendment 64 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls for them to be implemented in such a way that they can support collective projects encouraging agricultural producer associations geared to financing basic infrastructure in the field of irrigation, transport, processing, storage marketing and the development of short supply chains or forestry development, with maturity-based financial instruments that reflect the actual economic position for each project.
Amendment 112 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the significant differences across the EU regarding the penetration of financial instruments, including ESI Funds and the European Fund for Strategic Investments (EFSI); recommends that the regional authorities run information and preparation programmes for beneficiaries on how to harness financial instruments; emphasises that the overall success of such instruments depends on how easy they are to use and the ability of the Member States to manage investments through them;
Amendment 124 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the Commission’s actions in optimising regulation; emphasises that, despite the improvements, complexity still exists and issues such as the lack of flexibility, the long set-up time and the administrative burden for recipients are disincentives to use financial instruments; notes a lack of management capacity among beneficiaries resulting in a lesser take-up of financial instruments and recommends in this respect that investment partnerships be improved through closer involvement of the beneficiaries; calls on the Commission to work closely with the EIB and the EIF to make access to ESI Funds microcredit, loans, guarantees, equity and venture capital as easy as using grants;
Amendment 130 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Highlights the importance of performance auditing of financial instruments, including an audit of the EIB Group’s operations on Cohesion Policy; calls on the Commission also to focus on a comparative analysis of grants and financial instruments, further capacity building, audit methodology and guidance;
Amendment 137 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Points out that combining grants and financial instruments has unexplored potential; emphasises that alongside guidance to authorities, further harmonisation is needed for the rules that concern combining different ESI Funds, as well as for the rules that concern combining the ESI Funds with instruments such as Horizon 2020 and EFSI; calls for easing the regulatory burden by avoiding complex rules arising from pointless red tape and by facilitating the above- mentioned combining of allocations from more than one programme to the same financial instrument, as well as enabling combinations of microfinance instruments in ESF operations; calls for further promotion of combining grants with financial instruments; stresses that grant components can be used as a first loss piece and can therefore make the funding structure more attractive to beneficiaries and private sector investors;
Amendment 138 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Points out that combining grants and financial instruments has unexplored potential; emphasises that alongside guidance to authorities, further simplification and harmonisation is needed for the rules that concern combining different ESI Funds, as well as for the rules that concern combining the ESI Funds with instruments such as Horizon 2020 and EFSI; calls for easing the regulatory burden by facilitating the above-mentioned combining of allocations from more than one programme to the same financial instrument, as well as enabling combinations of microfinance instruments in ESF operations; calls for further promotion of combining grants with financial instruments at the final beneficiary stage; stresses that grant components can be used as a first loss piece and can therefore make the funding structure more attractive to beneficiaries and private sector investors;
Amendment 164 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Highlights that financial instruments perform better in well- developed regions and metropolitan areas, while grants address regional structural issues; notes that increasing the share of financial instruments should not influence the grant appropriations as this would hinder the balance; considers that the combined use of these two forms of financing will help increase responsibility in respect of expenditure; emphasises that in a number of public policies grants have to dominate, while financial instruments can play complementary roles;