Activities of Paul RÜBIG related to 2016/0281(COD)
Plenary speeches (1)
European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund (debate) DE
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund PDF (1006 KB) DOC (137 KB)
Amendments (30)
Amendment 114 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) Actions under the EFSD Regulation should be designed, so as to fulfil the criteria for development finance established by the Development Assistance Committee (DAC) of the OECD taking into account the specificities of private sector development.
Amendment 117 #
Proposal for a regulation
Recital 4 c (new)
Recital 4 c (new)
(4c) Technical assistance to partner countries should constitute the second pillar of the EIP. In this context, the Commission should step up assistance in order to help partner countries to attract investment by better preparing and promoting projects, developing a higher number of bankable projects and making them known to the international investor community. A project web-portal should be established, which shall constitute a publicly accessible and user-friendly project database, providing relevant information for each project.
Amendment 118 #
Proposal for a regulation
Recital 4 c (new)
Recital 4 c (new)
(4c) Improving the investment climate and overall policy environment in partner countries should constitute the third pillar of the EIP. In the context of the Union's existing political relations with partner countries, the Commission and the High Representative of the Union for Foreign Affairs and Security Policy (High Representative) should maintain policy dialogues aimed at developing legal frameworks, policies and institutions that promote economic stability, sustainable investment and inclusive growth. These policy dialogues should cover, among other issues, the fight against corruption and organised crime and illicit financial flows, good governance, the inclusion of local markets, the boosting of entrepreneurship as well as local business settings, the respect for human rights and the rule of law as well as gender- responsive policies.
Amendment 129 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) The Commission and EIB should conclude an agreement specifying the conditions of their cooperation in the management of the EFSD guarantee and should present the agreement to the strategic board.
Amendment 137 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) The EFSD should address bottlenecks to private investment and deploy innovative instruments to facilitate access to finance from domestic and foreign investors, in particular for local and European companies as well as for micro, small, and medium-sized enterprises.
Amendment 138 #
Proposal for a regulation
Recital 9
Recital 9
(9) The EFSD Guarantee should be granted to eligible counterparts for financing and investment operations or guarantee instruments for an initial investment period up to 31 December 2020. Implementation of the EFSD Guarantee shall be, whenever possible, under the lead of a European eligible counterpart.
Amendment 140 #
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
(9a) The Commission should encourage the European eligible counterparts to support EIB in the management of the EFSD guarantee through respective participation in a technical working group.
Amendment 149 #
Proposal for a regulation
Recital 14
Recital 14
(14) In order to increase the impact of the EFSD Guarantee in view of the needs in the regions concerned, Member States and EFTA countries should have the possibility of providing contributions in the form of a guarantee or cash. Those contributions could be earmarked by countries, region, sector or investment window.
Amendment 153 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) As the funds of the European Neighbourhood Instrument, established by Regulation (EU) No 232/2014 of the European Parliament and of the Council1a, are to be used, a minimum of EUR 200 000 000 of EFSD Guarantee coverage should be allocated for investments in Neighbourhood partner countries throughout the implementation period of the EFSD Guarantee. __________________ 1aRegulation (EU) No 232/2014 of the European Parliament and of the Council of 11 March 2014 establishing a European Neighbourhood Instrument (OJ L 77, 15.3.2014, p. 27).
Amendment 164 #
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
(16a) The Commission should ensure the accountability of the EFSD. The EIB and other eligible counterparts could be invited to participate in hearings organised by the European Parliament on the implementation of the EFSD.
Amendment 203 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. The management of the EFSD shall be ensured by the Commission. The Commission shall work in close cooperation with EIB supported by European eligible counterparts as regards the operational management of the EFSD Guarantee.
Amendment 210 #
Proposal for a regulation
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
1a. The strategic board shall lay down its rules of procedure during the first meeting, which will include details on the number of meetings to be held by year, voting rights of board members and progress reports to be issued by the Commission.
Amendment 213 #
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
2. The strategic board shall be composed of representatives of the Commission and of the High Representative of the Union for Foreign Affairs and Security Policy (High Representative), of the contributing Member States and of the EIB. The Commission may invite other contributors to become members of the strategic board having regard where appropriate to the view of the board. Partner CThe European Parliament shall have observer status. Observers designated by Parliament shall have the right to contribute to the deliberations without the right to vote. Partner countries and relevant regional organisations, and the eligible counterparts and the European Parliament may be given observer status, where appropriate. The strategic board shall be co-chaired by the Commission and the High Representative.
Amendment 222 #
Proposal for a regulation
Article 5 a (new)
Article 5 a (new)
Article 5a Regional operational boards 1. Each regional investment platform shall have an operational board. 2. Those operational boards shall support the Commission in defining regional and sectoral investment goals and regional, sectoral and thematic investment windows and shall formulate opinions on blending operations and on the use of the EFSD Guarantee. They shall, in particular, provide guidance on future financing proposals, monitor and review the pipeline of projects, examine project-related results and monitor the portfolio of approved projects. 3. The operational boards shall be chaired by the Commission and be composed of representatives of the Commission, of the High Representative and of the Member States as voting members, and, when appropriate, of the eligible counterparts as observers. The European Parliament shall be granted observer status. 4. The Commission and the High Representative of the Union for Foreign Affairs and Security (High Representative) shall ensure the intensive involvement of the European Union Delegations and of the eligible counterparts in preparing the work of the operational boards.
Amendment 261 #
Proposal for a regulation
Article 8 – paragraph 1 – point c
Article 8 – paragraph 1 – point c
(c) provide finance in favour of micro-, small- and medium-sized enterprises with a particular focus on private sector developmentsupport private sector development, with a particular focus on local and European companies as well as micro, small and medium-sized enterprises;
Amendment 270 #
Proposal for a regulation
Article 8 – paragraph 1 – point e
Article 8 – paragraph 1 – point e
(e) maximise private sector leverage, with a particular focus on micro-, small and medium-sized enterprises by addressing bottlenecks to investment.
Amendment 281 #
Proposal for a regulation
Article 8 – paragraph 2 – point e a (new)
Article 8 – paragraph 2 – point e a (new)
(ea) respect the principle of development effectiveness as endorsed in the Busan Partnership for Effective Development Cooperation and reaffirmed in Nairobi in December 2016.
Amendment 285 #
Proposal for a regulation
Article 8 – paragraph 2 – point e b (new)
Article 8 – paragraph 2 – point e b (new)
(eb) fulfil the criteria for development finance as established by the Development Assistance Committee (DAC) of the OECD and adequately support the private sector development in targeted countries
Amendment 288 #
Proposal for a regulation
Article 8 – paragraph 2 – point e c (new)
Article 8 – paragraph 2 – point e c (new)
(ec) contribute to the implementation of the Agenda 2030 on Sustainable Development Goals
Amendment 300 #
Proposal for a regulation
Article 8 – paragraph 4
Article 8 – paragraph 4
4. TAfter consultation with the strategic board, the Commission mayshall define investment windows for specific regions or partner countries or for both, for specific sectors, for specific projects or for specific categories of final beneficiaries or for both to be funded by instruments referred to in Article 9 to be covered by the EFSD Guarantee up to a fixed amount. All requests for financial support within investment windows shall be made to the Commission.
Amendment 311 #
Proposal for a regulation
Article 10 – paragraph 2 a (new)
Article 10 – paragraph 2 a (new)
2a. The Guarantee shall be implemented with full respect of the principles of development effectiveness to which the Union has committed, including ownership, focus on results, partnerships for development, transparency and shared responsibility.
Amendment 313 #
Proposal for a regulation
Article 10 – paragraph 3
Article 10 – paragraph 3
3. The Commission shall select the eligible counterparts pursuant to Article 61 of Regulation (EU, Euratom) No 966/2012.The EFSD Guarantee shall be implemented, whenever possible, under the lead of a European eligible counterpart.
Amendment 317 #
Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 1
Article 11 – paragraph 2 – subparagraph 1
Member States and EFTA countries may contribute to the EFSD Guarantee Fund in the form of guarantees or cash. Subject to Commission approval, other contributors may contribute, in the form of cash.
Amendment 323 #
Proposal for a regulation
Article 11 – paragraph 5 a (new)
Article 11 – paragraph 5 a (new)
5a. At least EUR 200 000 000 of EFSD Guarantee coverage shall be allocated for investments in the partner countries from the Eastern and Southern Neighbourhood, in accordance with Regulation (EU) No 232/2014.
Amendment 338 #
Proposal for a regulation
Article 13 – paragraph 2 – point b
Article 13 – paragraph 2 – point b
(b) possible contributions from Member States, EFTA-countries and other contributors;
Amendment 352 #
Proposal for a regulation
Article 15 – paragraph 1 – point b
Article 15 – paragraph 1 – point b
(b) an assessment of the additionality and added value, the mobilisation of private sector resources, the estimated and actual outputs and the outcomes and impact of the financing and investment operations covered by the EFSD Guarantee on an aggregated basis, including the impact on employment creationdecent job creation, climate change, the eradication of poverty and on the way in which the root causes of migration are addressed;
Amendment 354 #
Proposal for a regulation
Article 15 – paragraph 1 – point f
Article 15 – paragraph 1 – point f
(f) an assessment of the additionality and added value of financing and investment operations of the eligible counterparts, and of the aggregate risk associated with those operations;
Amendment 356 #
Proposal for a regulation
Article 15 – paragraph 1 – point h a (new)
Article 15 – paragraph 1 – point h a (new)
(ha) an assessment of the actions developed under the second and third pillar of the EIP and the synergies between them and the operations covered by the EFSD Guarantee, with particular regard to progress made in the fight against corruption and organised crime and illicit financial flows, good governance, the inclusion of local markets, the boosting of entrepreneurship as well as local business settings, respect for human rights and the rule of law as well as gender-responsive policies.
Amendment 362 #
Proposal for a regulation
Article 16 – paragraph 1
Article 16 – paragraph 1
1. By 31 December 202019, the Commission shall evaluate the functioning of the EFSD and its effective contribution to the purpose and objectives of this Regulation. The Commission shall submit its evaluation report to the European Parliament and the Council, containing an independentexternal evaluation of the application of this Regulation. This report shall be submitted without delay by the Commission in the event that , accompanied by a reasoned proposal with a view to reviewing or amending this Regulation, as appropriate, in particular withe approved financing and view to extending the initial investment operations absorb in full the amount of the EFSD Guarantee available before 30 June 2020iod referred to in Article 7(2).
Amendment 371 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
In accordance with its transparency policies and general Union principUnion rules on access to documents and information and data protection, the eligible counterparts shall proactively and systematically make publicly available on their websites information relating to all financing and investment operations covered by the EFSD Guarantee under this Regulation, relating in particular to the manner in which those operations contribute to the objectives and requirements of this Regulation.