19 Amendments of Stéphanie YON-COURTIN related to 2019/2126(INI)
Amendment 5 #
1. Highlights the importance of the activities of the European Investment Bank (EIB) to increasefor economic, social and territorial cohesion in the whole of the cEurrent levels of investopean Union and for funding at local level, in order to menet in the EU, which are below historical averages andcitizens' needs; regrets the fact that current levels of investment in the EU are insufficient to fulfil the EU’'s sustainability, social and innovation ambitions; stresses that in order to achieve these ambitions, more risk- taking by the EIB with various forms of ring-fencing may be necessary in parallel to increasing equity and the development of expertise in innovative funding instruments; calls for adequate capitalisation of the EIB to allow for the use of innovative instruments in the financing of projects with substantial potential sustainability, social and innovation gains;
Amendment 7 #
Draft opinion
Paragraph 1
Paragraph 1
1. Highlights the importance of the activities of the European Investment Bank (EIB) to increase the current levels of investment in the EU, which are below historical averages and insufficient to fulfil the EU’s sustainability, social, economic and innovation ambitions; stresses that in order to achieve these ambitions, more risk- taking by the EIB may be necessary in parallel to increasing equity and the development of expertise in innovative funding instruments; calls for adequate capitalisation of the EIB to allow for the use of innovative instruments in the financing of projects with substantial potential sustainability, social and innovation gains in the financing of projects with substantial potential sustainability, social, economic, competitiveness and innovation gains;emphasizes the impact and additionalityof EIB to investments across the EU and appreciates its openness to cooperation with partners stated in their 2019 operational plan;
Amendment 22 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the commitment by the Commission President-elect to turn sections of the EIB into a climate bank, and the commitments from the EIB President to increase the share of EIB financing for climate action and environmental sustainability to at least 50 % by 2025 and to align all EIB financing activities with the goals of the Paris Agreement by the end of 2020 and the principles of the upcoming EU Green Deal; calls on the Commission to present an ambitious new European Sustainable Investment Plan, including additional financial commitments, as soon as possible, and to fully support the EIB in its sustainability ambitions;
Amendment 39 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobiliszing EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectiveare framed under either or both sustainability and infrastructure and social investment and skills windows; calls on the Commission to ensure that InvestEU’s sustainability-proofing methodologies are fully consistent with the EU’s sustainability objectives and that social projects evaluation criteria take into account the principles of the European Pillar of Social Rights;
Amendment 49 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Emphasizes the key role that EIB plays in EU’s objective to compete in global economy through enhanced innovation and further adoption of digital technologies; calls on the EIB to further promote and provide financial support for investment in digital technologies, digital skills of employees and entrepreneurs, digital infrastructure and capacity- building for entities that require support throughout the digitalization process;
Amendment 52 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4 b. Takes note of the results of the EIB investment report 2019/2020 with regards to the SMEs and mid-caps finance; stresses the need to develop increased efforts and methods to facilitate access to finance for SMEs and mid-caps across the EU territory and welcomes in this sense the EIB role in the SMEs window budget guarantee of the InvestEU Fund; calls on the EIB to continue and improve its work to tackle barriers to the entry and growth of young SMEs, mid- caps, start-ups and scale-ups and the disparities across countries in the external financing for EU small businesses;
Amendment 65 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the EIB group to be more transparent about its economic operations, its use of the EU budget guarantee, the additionality of EIB operations and on possible future plans for a development subsidiary at the EIB, and for the EIB group to improve its accountability on these issues; calls on the EIB to further communicate and promote through their liaison offices in the Member States its instruments to national and local public and private actors; calls for a memorandum of understanding between the EIB and Parliament to improve access to EIB documents and data related to strategic orientation and financing policies in the future in order to strengthen the Bank’s accountability.
Amendment 77 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
Amendment 81 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Considers that the EIB should maintain its leading role in the establishment of EU financing mechanisms for third countries and specifically developing countries, while ensuring that the interests of local entrepreneurs who wish to establish local companies, often small companies primarily aimed at contributing to the local economy, are given priority in EIB lending decisions;
Amendment 84 #
Draft opinion
Paragraph 5 c (new)
Paragraph 5 c (new)
5 c. Calls on the EIB and the European Investment Fund to increase their investment in breakthrough innovations in order to bring out and promote European companies working on the subject, while having recourse to ringfencing measures to limit exposures to these risks;
Amendment 86 #
Draft opinion
Paragraph 5 d (new)
Paragraph 5 d (new)
5 d. Underlines the important role played by the EIB, which, as the Union's bank, is the only international financial institution fully owned by the Union's Member States and guided by its policies and standards;
Amendment 87 #
Draft opinion
Paragraph 5 e (new)
Paragraph 5 e (new)
5 e. Requests the EIB to strengthen its advisory activities and, in collaboration with the Commission, Member States and official national financial institutions, to address systemic weaknesses that prevent some regions or countries from taking full advantage of its financial activities;
Amendment 92 #
Draft opinion
Paragraph 5 g (new)
Paragraph 5 g (new)
5 g. Stresses that the EIB must pay particular attention to financing in the innovation and infrastructure sectors, where the investment gap is particularly high;
Amendment 93 #
Draft opinion
Paragraph 5 h (new)
Paragraph 5 h (new)
5 h. Notes that almost one third of the EIB's financing is denominated in US dollars, which exposes the EIB to possible sanctions from the United States; calls on the EIB to start phasing out its dollar- denominated financing;
Amendment 95 #
Draft opinion
Paragraph 5 i (new)
Paragraph 5 i (new)
5 i. Invites the EIB to work with small market players and community cooperatives to consolidate small renewable energy projects and thus enable them to meet the conditions for EIB financing;
Amendment 96 #
Draft opinion
Paragraph 5 j (new)
Paragraph 5 j (new)
Amendment 97 #
Draft opinion
Paragraph 5 k (new)
Paragraph 5 k (new)
5 k. Stresses the need to speed up work on the establishment of a capital markets union, which would allow the EIB to focus on gaps that need to be filled in the event of market failures or to provide financing for high-risk projects;
Amendment 98 #
Draft opinion
Paragraph 5 l (new)
Paragraph 5 l (new)
5 l. Calls on the EIB to step up its communication efforts; considers it essential that it engage in dialogue with EU citizens in order to better explain the objectives of its policies and thus provide a concrete example of the Union's contribution to the daily lives of its citizens;
Amendment 99 #
Draft opinion
Paragraph 5 m (new)
Paragraph 5 m (new)
5 m. Wishes that a person appointed by Parliament may sit as an observer member on the EIB's Board of Directors in order to ensure a better transmission of information and needs between these two institutions;