16 Amendments of Gérard DEPREZ related to 2017/2071(INI)
Amendment 9 #
Motion for a resolution
Recital B
Recital B
B. whereas the EIB Group financial activities include both lending own resources and fulfilling the various mandates granted to it with the support of the EU budget and third parties such as EU Member States;
Amendment 13 #
Motion for a resolution
Recital D
Recital D
D. whereas the EIB maintained a solid profitability in 2016 financial standing accordance withing to the forecast for that year2016, with a net annual surplus of EUR 2.8 billion;
Amendment 15 #
Motion for a resolution
Recital E
Recital E
E. whereas the EIB should continue to strengthen its efforts to expand its loan activities effectively by providing technical advisory, especially in regions with low levels of investment capacity, while reducing administrative burdens for applicants;
Amendment 20 #
Motion for a resolution
Recital G
Recital G
G. whereas safeguards against fraud, including tax fraud and money laundering, and risks of financing terrorism are contained in the EIB Group contractual provisions included in the contracts signed by the EIB group and its counterparties; whereas the EIB Group should requires that its counterparties comply with all applicable legislation; whereas additional contractual provisions addressing specific transparency and integrity issues should bare imposed by the EIB Group on the basis of due diligence results;
Amendment 23 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Stresses that the currenteconomic crisis has significantly weakened economic growth in the EU and that one of the main contributing factorfallouts is the decline in investment in the EU; underlines that the fall in public and private investment has reached alarming levels in the countries most affected by the crisis, as evidenced by Eurostat’s findings; expresses concern about macroeconomic imbalances and unemployment rates that remain significant in some Member States;
Amendment 28 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the EIB Group’s willingness to enhance EU competitiveness, provide real support for growth and job creation, and contribute to solving current politicalsocio-economic challenges within and outside the EU, by pursuing its overarching public policy goals relating to innovation, SMEs and midcap finance, infrastructure, the environment, economic and social cohesion, and the climate; recalls that these objectives also necessitate the provision of public goods; insists that, in order to achieve the Europe 2020 strategy objectives successfully, all EIB Group activities should not only be economically sustainable, but also contribute to a smarter, greener and more inclusive EU;
Amendment 42 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that according to the Corporate Operational Plan 2017-2019 the value of the EIB loans signed is forecast to rise once again in 2019 (to EUR 76 billion, following a fall from EUR 77 billion in 2014 to EUR 73 billion in 2016); points out that the current context should encourage the bank to adopt more ambitious objectives and to increase the loans signed by the EIB; recalls that the EIB should play a fundamental role in the implementation of the Europe 2020 strategy through the Horizon 2020 instrumentinstruments such as for example Horizon 2020 and Connected Europe Facility;
Amendment 49 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the EIB’s commitment to tackling the phenomenon of forced displacement androot causes of migration and taking action in countries particularly affected by the migration crisis, including by strengthencomplementing humanitarian action and providing support for economic growth, the construction of infrastructure and job creation; expects the EIB Group, to this end, to step up its efforts in coordinating its Economic Resilience Initiative and the External Lending Mandate currently under revision with the establishment of the EFSD mid-2017;
Amendment 53 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Expects a rapid agreement to be reached on the prolongation of EFSI action, and that the revised fundand adjustment of the European Fund for Strategic Investments, and that the revised fund and the enhanced European Investment Advisory Hub will enable the problems identified in the previous versioncurrent scheme, namely in relation to additionality, geographic balance and advisory hub activities, to be overcome;
Amendment 63 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Recalls that the EIB’s NCJ Policy needs to be ambitious; notes that relying onon- cooperative jurisdictions (NCJs) Policy needs to be ambitious; welcomes the adoption by the EIB of an interim approach with regard to the NCJ Policy and tax sensitive jurisdictions and notes that the EIB Group NCJ policy will be revised following the adoption of the common EU list of third country jurisdictions that fail to comply with tax good governance standards, which is expected to be endorsed by the Council of the EU by the end of 2017 and which will prevail over other lead organisations’ lists in the case of conflict, is a positive but insufficient step, and calls for. Welcomes the inclusion of country-by- country reportactual safeguards requiring without exemptions to be made a key part of the EIB’s corporate social responsibility strategy, bes counterparties to comply with applicable legislation currently in force the EU adopts its legislation in the fieldincluding but not limited to country- by-country reporting;
Amendment 69 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Asks the EIB to take greaterWelcomes the fact that the EIB takes into account of the tax impact in countries where investment is made and of how this investment contributes to development and reducing inequality;
Amendment 72 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Considers that using criteria for selecting financial intermediaries and being in possession of up-to-date information on beneficial ownership of companies, including trusts, foundations and tax havens, are best practices to be permanently followed; welcomes the fact that the EIB identifies during the due diligence process the beneficial owners of such companies; invites the EIB Group to further reinforce its contractual conditions by integrating a clause on or reference to good governance in order to mitigate risks to integrity and reputation;
Amendment 80 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the fact that the EIB Group’s transparency policy is based on a presumption of disclosure and that everyone can access EIB Group documents and information; recalls its recommendation for the publication on the EIB Group website of non-confidential documents, such as Corporate Operational Plans for previous years, interinstitutional agreements and memorandums, and urges the EIB Group not to stop there, but to continue raising the bar and constantly looking for ways to improve;
Amendment 89 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. UrgNotes the EIB Group to adopt the whistleblowing policy review that has already been announced, which is to update the previous policy dating from 2009ongoing revision of the EIB Group´s whistleblowing policy;
Amendment 102 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Warns, in this respect, that market- driven instruments risk shifting the focus of the EU budget from EU public common goods and expectncourages the EIB Group to reinforce its reporting to the Commission on the quality as opposed to the quantity of its financing in the context of financial instruments;
Amendment 114 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. Underlines that the pricing ofdue diligence of investment projects financed by the EIB Group products should be based on both factors related to financial return and factors related not to financial return, but instead to the achievement of other kinds of objectives, such as the contribution of the project to upward economic convergence and cohesion in the EU, or to the achievement of the Europe 2020 targets or the 2030 SDGs; considers that the EIB Group should explain these non-financial criteria to institutional and private investors (for example, pension funds and insurance companies) in an appropriate manner, thus promoting an increased focus on socio- economic and environmental impact across the financial sector;