4 Amendments of Paul RÜBIG related to 2018/0243(COD)
Amendment 67 #
Proposal for a regulation
Article 25 – paragraph 4 a (new)
Article 25 – paragraph 4 a (new)
4 a. By way of further derogation from Article 209(3) of the Financial Regulation, repayments and revenues generated by investments under the existing endowments of the ACP Investment Facility shall be considered as revolving assets intended for investment in the sectors and regions covered by the ACP Investment Facility and shall continue to be managed by the EIB. If at any point the Commission or the Council propose for all such assets and liabilities to be transferred to the Union in accordance with Article 25 of the Financial Regulation, the legislative acts concerning the future functioning of the ACP Investment Facility shall be prepared in close dialogue with the EIB, in particular taking into account the ElB's contractual obligations to lend that might be existing at that time.
Amendment 72 #
Proposal for a regulation
Article 26 – paragraph 1 – subparagraph 1
Article 26 – paragraph 1 – subparagraph 1
The financial envelope referred to in Article (6)(2)(a) shall finance the European Fund for Sustainable Development Plus (EFSD+)EFSD+, ELM+ and the External Action Guarantee.
Amendment 73 #
Proposal for a regulation
Article 26 – paragraph 1 – subparagraph 2
Article 26 – paragraph 1 – subparagraph 2
The purpose of the EFSD+ as an integrated financial package supplying financial capacity drawing on the methods of implementation set up in Article 23(1)(a), (e), (f) and (g), shall be to support investments and increase access to financing, in order to foster sustainable and inclusive economic and social development and promote the socio-economic resilience in partner countries with a particular focus on the, eradication of poverty, sustainable and inclusive growth, the creation of decent jobs, economic opportunities, skills and entrepreneurship, socioeconomic sectors, micro, small and medium-sized enterprises as well as addressing specific socioeconomic root causes of irregular migration, in accordance with the relevant indicative programming documents. Special attention shall be given to countries identified as experiencing fragility or conflict, Least Developed Countries and heavily indebted poor countries. The ELM+ is established as a budgetary guarantee managed indirectly by the EIB, providing commercial and political risk cover for financially sustainable projects in the public sector and political risk cover for financially sustainable projects in the private sector, each worldwide outside the Union. The support of the ELM+ shall not be extended to sovereign investment operations that involve on- lending to the private sector or lending to, or for the benefit of, sub-sovereign entities that can access sub-sovereign financing without sovereign guarantees.
Amendment 79 #
Proposal for a regulation
Article 26 a (new)
Article 26 a (new)
Article 26 a The EIB shall, under chapter IV of this regulation, Inter alia: a. indirectly manage and implement the ELM+; b. provide all strategic banking and risk management competences required by the Commission, including those related to the operational management of the EFSD+ guarantee, c. provide a written opinion on banking related matters to accompany each Commission proposal for investment windows under the EFSD+ guarantee; d. be an eligible counterpart for managing and implementing activities under EFSD+. Notwithstanding the above, the Commission and the EIB may agree on any other role of the EIB as part of the implementation of the External Investment Framework in line with the Statute of the relevant EIB entity and role under the Treaty.