14 Amendments of Iskra MIHAYLOVA related to 2016/2302(INI)
Amendment 1 #
Motion for a resolution
Citation 8 a (new)
Citation 8 a (new)
- having regard to its resolution of 13 September 2016 on European Territorial Cooperation – best practices and innovative measures (2015/2280(INI),
Amendment 36 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Points out that during the current period 2014-2020 there is also a strong need to focus on better combination of grants with financial instruments, in order to enhance the EU's competitiveness, to achieve better coherence between different strategies, especially in the fields of energy, transport connectivity, communications and the digital economy and their links with regional and urban strategies, as well as with the developed smart specialization strategies;
Amendment 59 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recognises that, depending on the type of the project, grants have some strengths as compared to financial instruments: supporting projects that do not necessarily generate revenue, providing funding to projects that for various reasons cannot attract private or public funding, targeting specific beneficiaries, issues and regional priorities, and lower complexity of use owing to existing experience and capacity; acknowledges that in some cases grants are bound to limitations: difficulties in achieving project quality and sustainability, risk of substituting public funding in the long-run and a crowding-out effect for potential private investment even when projects may have a revolving nature;
Amendment 64 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Recognises that financial instruments offer advantages such as leverage and revolving effects as well as higher risk investments, including private capital through high-quality bankable projects; acknowledges that financial instruments come with certain disadvantages: slower implementation, higher complexity, and high management fees and implementation costs; notes that grants represent preferable investments in some policy areas, such as the ones covered by the ESFevertheless points out that grants combined with financial instruments could potentially increase their attractiveness and thus help the instruments to provide long-term growth potential;
Amendment 70 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Highlights that intervention logic is not a dividing line but a meeting point of grants and financial instruments so that Cohesion Policy can ensure better coverage of beneficiaries and investment gaps through a variety of measures; points out that intervention logic is a bottom-up approach in ESI Funds programming and that Member States should continue setting the share of financial instruments in respective operational programme importance of the ex-ante evaluation on programme level, which evaluates the appropriateness of the proposed priorities and actions with the needs assessment, and takes into consideration the most appropriate option of financial instruments or grants as delivery tools to contribute to the selected priorities;
Amendment 75 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Acknowledges that for the current programming period 2014-2020, the choice of the financial instruments has been defined according to an appropriate ex-ante assessment and taking into consideration that the choice of the financial instruments depends on the market failures, suboptimal investment situations and investment needs to be addressed, as well as the acceptable level of risk;
Amendment 146 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Welcomes the existing technical assistance practices provided by the Commission and the EIB Group through the fi-compass platform; regrets that the on-the-ground support services to authorities and especially to recipients of financial instruments, including EFSI, are limited; calls for a joint technical assistance plan by the Commission and the EIB comprising financial and non-financial advice as well as capacity building, targeted at national authorities as well as fund managers; capacity building in the area of financial instruments developed throughout the period of 2014-20 should facilitate and improve the use of financial instruments post 2020;
Amendment 148 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
Amendment 153 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Recognises that both grants and financial instruments have their specific roles in Cohesion Policy but thatand they share the same focus pursued by the 11 thematic objectives, which is to achieve the five headline targets of the Europe 2020 strategy; highlights the benefits linked with financial instruments as leverage resources and increased impact of ESI Funds' programmes, efficiency and effectiveness gains due to revolving nature of funds, which stay in the programme area for future use for similar objectives, thus moving away from "grant dependency" culture and attracting private sector support to public policy objectives.
Amendment 158 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. HighlightNotes 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; emphasises that in a number of public policies grants have to dominate, while financial instruments can play complementary role a number of public policies grants might be employed, while financial instruments can play complementary role, in full compliance with appropriate ex-ante assessment and market analysis;
Amendment 171 #
20. Recalls that existing experience in delivery of ESI Funds indicates that the funding mix of grants and financial instruments addresses country-specific realities as well as the gaps in social, economic and territorial cohesion; emphasiszes that the funding mix cannot result in a one-size-fits-all solution owing to a number of factors: geographic region, policy area, beneficiarmust be a result of an appropriate assessment and market analysis, the decision to set up a financial instrument should be also preceded by typhe and size, admalysis of existing inistrative capacity, market conditions, business environment and fiscal and economic stanceuments at national/regional/local level in order to promote complementarity of support;
Amendment 176 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Considers the broader use of financial instruments (FIs) as flexible mechanisms to be used alongside grants also in Interreg programmes; calls on the Commission and the EIB to make the financial instruments more coherent with the objectives of European Territorial Cooperation post 2020;
Amendment 179 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
20b. Highlights that financial instruments, if implemented effectively, can significantly increase the impact of financing; stresses, in this regard, the need for clear, consistent and focused rules on FIs to help simplify the preparation and implementation process post 2020; draws attention to the opportunity to benefit from specific expertise and know-how from the EIB;
Amendment 181 #
Motion for a resolution
Paragraph 20 c (new)
Paragraph 20 c (new)
20c. Calls on the European Commission to ensure an adequate State Aid framework conducive to the use of EU financial instruments, to develop guidelines and standard procurement procedures for PPP, with a view to simplify the use of FIs, as well as to boost long-term investments and providing certainty to project promoters and investors.