Activities of Sharon BOWLES related to 2011/0014(COD)
Reports (1)
REPORT on the proposal for a decision of the European Parliament and of the Council concerning the subscription by the European Union to additional shares in the capital of the European Bank for Reconstruction and Development (EBRD) as a result of the decision to increase this capital PDF (199 KB) DOC (151 KB)
Amendments (4)
Amendment 9 #
Proposal for a decision
Recital 6 a (new)
Recital 6 a (new)
(6a) Notes that the increase in callable capital is in part for the maintance of the AAA rating. The utilisation of the callable capital for supporting the rating and investments should be monitored with a view to reduction in callable capital when markets settle post crisis.
Amendment 10 #
Proposal for a decision
Recital 6 b (new)
Recital 6 b (new)
(6b) The role of the European Union in the EBRD should be to ensure that it supports new markets and does not lend for projects for which financing is available at a reasonable rate from other sources.
Amendment 11 #
Proposal for a decision
Recital 6 c (new)
Recital 6 c (new)
(6c) There should be a general presumption of disclosure of evaluations of projects and beneficiaries of the EBRD and tighter controls to prevent the use of tax havens and secrecy by beneficiaries.
Amendment 20 #
Proposal for a decision
Article 2 a (new)
Article 2 a (new)
Article 2a The Governor of the EBRD for the European Union shall report annually to the competent committee of the European Parliament on the utilisation of the callable capital and also how the EBRD is contributing to the European Union's objectives and on measures to ensure transparency of its operations through financial intermediaries.