Activities of Gérard DEPREZ related to 2016/0275(COD)
Shadow reports (1)
REPORT on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union PDF (1 MB) DOC (194 KB)
Amendments (11)
Amendment 69 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point a
Article 1 – paragraph 1 – point 2 – point a
Decision No 466/2014/EU
Article 3 –paragraph 1 – point d (new)
Article 3 –paragraph 1 – point d (new)
(d) strategic response to addressing root causes of migration., and the needs of transit and host communities;
Amendment 80 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c a (new)
Article 1 – paragraph 1 – point 2 – point c a (new)
Decision No 466/2014/EU
Article 3 – paragraph 8 a (new)
Article 3 – paragraph 8 a (new)
ca (new) the following paragraph is inserted: 8a (new) EIB financing operations supporting the general objectives set out in paragraph 1 shall recognise that, as a cross-cutting issue in achieving sustainable development, gender equality is an important element for project due diligence. A gender perspective shall be applied to all such financing operations.
Amendment 83 #
Proposal for a decision
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Decision No 466/2014/EU
Article 8 – paragraph 5
Article 8 – paragraph 5
(3a) in Article 8, paragraph 5 is replaced by the following : “5. Financing agreements with individual promoters relating to EIB financing operations shall also include appropriate procurement, environmental, climate and social provisions in accordance with the EIB’s own rules and procedures, including requirements to make the EU guarantee and EIB involvement visible to the end beneficiary.”
Amendment 87 #
Proposal for a decision
Article 1 – paragraph 1 – point 3 b (new)
Article 1 – paragraph 1 – point 3 b (new)
Decision No 466/2014/EU
Article 9 – paragraph 1 – subparagraph 2
Article 9 – paragraph 1 – subparagraph 2
(3b) in Article 9, paragraph 1, subparagraph 2 is replaced by the following: “Where applicable, this appraisal shall include an assessment of how the capacities of the beneficiaries of EIB financing can be reinforced throughout the project cycle with technical assistance. The EIB’s own rules and procedures shall include the necessary provisions on assessment of environmental and social impact of investment projects and of aspects related to human rights and conflict prevention, to ensure that investment projects supported under this Decision are environmentally and socially sustainable. The EIB shall ensure the available internal practical guidance on application of due diligence ensures respect for human rights, taking into account existing human rights benchmarks provided by the Union, relevant United Nations bodies and human rights organizations, in its project assessments.”
Amendment 91 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 – point a – introductory part
Article 1 – paragraph 1 – point 5 – point a – introductory part
Decision No 466/2014/EU
Article 11 – paragraph 1 – point b
Article 11 – paragraph 1 – point b
(a) in point (b), the following sentence is addedis amended as follows:
Amendment 93 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 – point a
Article 1 – paragraph 1 – point 5 – point a
Decision No 466/2014/EU
Article 11 – paragraph 1 – point b
Article 11 – paragraph 1 – point b
(b) Indicators for projects providing strategic response addressing root causes of migration shall be developed by the EIB;; an assessment of the added value, the estimated outputs, outcomes and development impact of EIB financing operations at an aggregated basis, drawing on the EIB’s Results Measurement framework annual report. To that effect, the EIB shall use performance indicators in relation to development, environmental and social aspects, including human right and gender equality aspects, of projects funded, taking into account the relevant indicators under the Paris Declaration of 2005 for Aid Effectiveness. Indicators for gender equality shall include the promotion of equality between women and men, gender budgeting and targets, and, where possible, shall be evaluated ex post by disaggregating data by gender. Indicators for environmental aspects of projects shall include criteria for clean technology which are oriented in principle at energy efficiency and technologies for reducing emissions. The EIB shall develop indicators for projects providing strategic response addressing root causes of migration;
Amendment 99 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 a (new)
Article 1 – paragraph 1 – point 5 a (new)
Decision No 466/2014/EU
Article 12 – paragraph 1 – point a
Article 12 – paragraph 1 – point a
(5a) in Article 12(1), point (a) is replaced by the following: “(a) all EIB financing operations carried out under this Decision, after the project approval stage, in particular indicating whether an investment project is covered by the EU guarantee and how it contributes to the goals of the Union external action, noting in particular its genders-differentiated economic, social and environmental impact, as well as publish relevant information related to individual projects under this decision, taking into account the protection of confidential and commercially sensitive information.”
Amendment 107 #
(5b) in Article 13 the following paragraph is added after the first paragraph: The EIB shall swiftly apply the relevant Union legislation and standards regarding tax avoidance and tax havens that is in place or will be adopted in the future. The EIB shall require its clients to comply with these rules accordingly. The EIB shall take proactive measures and perform increased due diligence measures in case of links of EIB projects to jurisdictions raising tax concerns.
Amendment 108 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 c (new)
Article 1 – paragraph 1 – point 5 c (new)
Decision No 466/2014/EU
Article 13 – paragraph 2 a (new)
Article 13 – paragraph 2 a (new)
(5c) in Article 13, the following paragraph is added after the second paragraph : Financing operations under this decision shall be in full compliance with the EIB’s uncooperative jurisdictions policy (NCJ policy) which shall be amended as soon as the Union list of non-cooperative tax jurisdictions is established.
Amendment 110 #
Proposal for a decision
Article 1 – paragraph 1 – point 6 a (new)
Article 1 – paragraph 1 – point 6 a (new)
Decision No 466/2014/EU
Article 20 a (new)
Article 20 a (new)
(6a) The following article shall be inserted after Article 20 : “Article 20 a Transitional provisions The EIB may finance projects for the private sector lending mandate before the entry into force of this Decision and the conclusion of an EU Guarantee Agreement between the Commission and the EIB. Such projects may be included within the EU guarantee coverage, subject to confirmation by the Commission of the respect of the terms to be agreed in the EU Guarantee Agreement.”
Amendment 111 #
Proposal for a decision
Article 1 – paragraph 1 – point 7 a (new)
Article 1 – paragraph 1 – point 7 a (new)
Decision No 466/2014/EU
Annex I – subparagraph 2 a (new)
Annex I – subparagraph 2 a (new)
(7a) EIB governing bodies shall in particular use such possibility of reallocation to allow for a continued focus of the EU guarantee on priority countries with a higher risk profile than those covered under EIB’s Own Risk Facilities. The Commission shall keep the European Parliament and the Council regularly informed of such reallocations including in comparison with EIB’s own risk lending allocation policy outside the Union.