Activities of Angelika WINZIG related to 2021/2252(INI)
Plenary speeches (1)
The future European Financial Architecture for Development (debate)
Opinions (1)
OPINION on the future European financial architecture for development
Amendments (19)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. WelcomesTakes note of the Council’s conclusions on enhancing the European Financial Architecture for Development and(EFAD) and of the Commission’s roadmap for an improved European financial architecture and the 2021 progress report; underlines the key role of the ‘Neighbourhood, Development and International Cooperation Instrument – Global Europe‘, the European Fund for Sustainable Development Plus (EFSD+) and the External Action Guarantee in providing a strategic framework for blended finance, de-risking investments and guarantees and in mobilising resources from the private sector with the support of the EU budget; , especially in light of increasing geopolitical and economic competition; Or. en (To be considered together with compromise amendment 2 on paragraph 2 a)
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
Amendment 3 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that despite some recent improvements,Recognises the progress and improvements made towards EFAD since the Council’s conclusions, but notes that the current status quo is still characterised by a lack of policy steer, coordination, fragmentation, duplication and continuedunhelpful competition between the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and European development and finance institutions; underlines the needcalls for further efforts to make the current system more efficient, collaborative and focused ton ensureing an optimal use of resources, that leverages key partners’ relevant geographic, sectoral and financial expertise for a better return on EU taxpayers’ money and a stronger development impact;
Amendment 5 #
Draft opinion
Paragraph 3
Paragraph 3
3. Recognises that the European Financial Architecture for Development ishould be mainly focused on least developed and fragile countriesor conflict-afflicted countries, where needs are the greatest, particularly in sub- Saharan Africa; recalls, however, that a considerable share of investments is channelled also to the Western Balkans and the Eastern and Southern Neighbourhood, and underlines the need to provide funding to deal with new challenges and support new priorities in these regions; calls on the Commission, the EIB, the EBRD and European development and finance institutions to work on action plans for the reconstruction of Ukraine as soon as it is re-established as a sovereign and indepOr. en (To be considered together with compromise amendment country after the war; 6 on paragraph 3 a)
Amendment 6 #
Amendment 7 #
Draft opinion
Paragraph 4
Paragraph 4
Amendment 8 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
Amendment 9 #
Draft opinion
Paragraph 6
Paragraph 6
6. Highlights the need for a stronger and clearer policy steer from the Commissionand political guidance from the Commission in implementing the EFAD, with the Western Balkans’ Investment Framework serving as a possible model in this regard; calls on the Commission to use its existing resources in terms of banking expertise and its financial and technical capacities more effectively; stresses the importance of an adequate risk management framework, effective management and oversight of the implementation of development finance instruments; calls on the Commission to use its existing resources in terms of banking expertise and its financial and technical capacities more effectively; recognises the management challenges faced by the Commission and the EEAS and invites the Commission to assess whether adequate resources and expertise are available for the effective engagement with development and finance institutions and the oversight of guarantees and complex blended finance instruments;
Amendment 10 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Takes note of the Global Gateway initiative put forward by the Commission and the EEAS and underlines that it should be coherent with the EFAD; requests immediate and comprehensive information on the financing of the Global Gateway, noting that the initiative relies heavily on the idea of leveraging resources from outside the EU budget and that the amount of budgetary guarantees involved and the origins and purpose of the additional EUR 750 million announced for the initiative are unclear; reiterates that a recourse to the NDICI emerging challenges and priorities cushion is not appropriate for the Global Gateway;
Amendment 11 #
Draft opinion
Paragraph 7
Paragraph 7
7. Recognises the importance of encouraging riskier investments in more challenging development settings, such as fragile or conflict-affected countries, and underserved sectors such as the climate, biodiversity, education and health sectors; underlines, at the same time, the need to fully protect the EU budget fromminimise any associated risks to the EU budget, such as increased demand on the EU budgetary guarantees, and to preserve the high credit rating of the EIB;
Amendment 12 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls on the EIB, the EBRD and European development and finance institutions to strengthen their cooperation within the EFSD+ open architecture by taking a Team Europe approach; calls in this context for a solid level playing field in terms of governance of the EFSD+ and access to EU resources as key for a fruitful cooperation among European DFIs members of the European Financial Architecture for Development; stresses the need for greater specialisation and a better division of labour to ensure synergies and complementarities; underlines the need to move away from the current project-based approach towards sector-based programming involving all stakeholders from the start, including private investors, to increase leverage and impact;
Amendment 12 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
Amendment 13 #
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7 b. Reaffirms that all implementing partners and financial intermediaries involved in projects linked to EU guarantees or financed from the EU budget must fully follow EU social, environmental, tax, transparency, anti- fraud and anti-corruption standards, policies, rules and procedures; calls on the Commission to assess, monitor and report back on these aspects as well as on the adequacy of budgetary guarantees, including through country-specific risk assessments; underlines the need for increased transparency as regards final beneficiaries;
Amendment 14 #
Draft opinion
Paragraph 8
Paragraph 8
8. Highlights the need to increase the transparency of the current framework, including the programming and reporting processes, and for Parliament to be more heavily involved; underlines the importance of carrying out an independent evaluation of the EFSD+ and the Team Europe approach in due time to assess their effectiveness and performance. to enhance democratic accountability and scrutiny; recalls that the tripartite agreement gives access to the Court of Auditors to all information related to guarantees from the EU budget; calls on the ECA to fully scrutinise and regularly report on operations backed by guarantees from the EU budget, addressing any shortcomings in its working methods currently preventing it from doing so; underlines the importance of carrying out an independent evaluation of the EFSD+ and the Team Europe approach in due time to assess their effectiveness, performance and development impact; underlines the need to ensure the EFSD+ facilitates learning about best practices concerning sector- and region-specific projects;
Amendment 20 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Underlines the importance of private sector mobilisation that is indispensable for tackling development challenges and to build back better, greener and in a more inclusive approach;
Amendment 28 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Recalls the importance of the principle of additionality, according to which contributions must not replace public or equivalent structural expenditure, thus not resulting in a reduction of national structural expenditure; calls for this principle to be better taken into account in future assessments;
Amendment 33 #
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Underlines the need to promote better visibility and publicity of the projects and resources provided by EFAD institutions and the EU Budget; regrets the lack of information to citizens concerning the EU’s role in the support to their communities;
Amendment 37 #
Draft opinion
Paragraph 8 b (new)
Paragraph 8 b (new)
8 b. Calls on the Commission and EFAD institutions to promote transparency in their procurement procedures; recalls that European enterprises should compete in equal circumstances with other enterprises;