Activities of Nedzhmi ALI related to 2017/2190(INI)
Shadow reports (1)
REPORT on the annual report on the control of the financial activities of the EIB for 2016 PDF (545 KB) DOC (86 KB)
Amendments (16)
Amendment 9 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. InvitWelcomes the EIB to pursue efforts in that direction by´s efforts to providinge policymakers with complete and exhaustive information on the concrete and achieved economic, social and environmental impacts and added value of its operations in the Member States and outside the EU in the form of 3PA and ReM reports respectively; stresses the importance of carrying out, for each project, an independent ex-ante and ex-post evaluation; calls on the EIB to provide detailed examples of crossnational added value in its impact investment reporting as well as key-indicators of sectoral and intersectoral successes;
Amendment 15 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Points out the recurrent need for the EIB to contribute to reducing the lasting investment gap on the basis of sound economic criteria; emphasisesnotes therefore that the assessment of funded projects should also takes into account social, economic and environmental externalities (both positive and negative), especially with respect to the effects that they have on local communities, in order to understand whether real added value is delivered to EU citizens;
Amendment 16 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers that approval of investment projects should be based on a sound, independent analysis assessing the financial sustainability and risks associated with the projects, in order to avoid the risk of socialisation of losses and privatisation of returns when public resources are involved; stresses that the provision of public subsidieslending should be envisaged only for the execution of missions of general interests and where market failures have been clearly identified;
Amendment 21 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls on the EIB to take into account, in the case of large-scale infrastructure projects, all risks likely to have an impact on the environment and to finance only those which have demonstrated real added value for the environment, the economy and the local population; stresses the importance of strict monitoring of possible risks of corruption and fraud and asks the EIB to freeze any loans to projects wheren an official investigation is underway, OLAF or national, so requires;
Amendment 25 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Considers the triple-A rating to be a relevantn essential asset for the development of the EIB’s investment strategy and long- term lending priorities; recalls, however, that in order to contribute to the economic development of the EU, the EIB’s instruments and interventions – notably the ones based on risk transfers – cannot be risk-free;
Amendment 28 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Considers that leveraging up the impact and ensuring additionality are of pivotal relevance; takes note of the modelling and estimated impact of the EIB’s activities, which should contribute to an additional 1.1 % of GDP growth and to the creation of an additional 1.4 million jobs by 2030; welcomes the fact that 385 000 SMEs, which are the backbone of the EU economy and drivers of employment and sustainable growth, will benefit from EIF financing; asks the EIB to regularly report on updated leverage effects; understands however, that leverage vary among sectors and a project with lower leverage does not necessarily imply low added value;
Amendment 33 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that the underlying rationale of the EFSI, which is supported by the EU budget, unlike other current EIB financing instruments, is to provide additionality by identifying truly additional and innovative future-oriented sectors, and projects with higher risk, along with new counterparts from the private sector;
Amendment 34 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Recalls that the assessment of the additionality of all EFSI-supported projects must be duly documented; regrets that the scoreboards for the approved operations are not published under EFSI 1.0; recalls that this failure to publish creates both accountability and transparency issues; emphasises thate importance of transparency regarding the EFSI Scoreboard of Indicators is necessary, also in view of the need to hold the EFSI Investment Committee accountable, and notes therefore positively that the Scoreboard of Indicators will be made public under EFSI 2.0;
Amendment 37 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Deplores the fact that tCalls on the Bank to shed lisght ofn EFSI projects chosen to receive funding under EFSIwhich potentially includes infrastructure installations with serious environmental impact and dubious additionality, such as first generation biorefineries, steelworks, regasification and gas storage facilities and motorways; criticises the fact that in many cases the EIB has failed to take action on reports from local authorities, stakeholder communities and civil society groups of environmental and social legislation being breached by funding recipients and by the projects financed, claiming that it was not its responsibility to carry out the necessary investigations; calls onalls on the Bank to seriously take into account statements from local authorities, stakeholder communities and civil society groups according to its due diligence procedures; recommends the EIB, with reference to the precautionary principle, to freeze and, if necessary, to withdraw funding wherever there is any suspicionenough evidence of environmental infringements and damage to society or to local communities;
Amendment 40 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Regrets the fact that only 20 % of EFSI financing has supported projects that contribute to climate change mitigation and adaptation, whereas the EIB’s standard portfolio has attained the 25% threshold; calls on the EIB to ensure that its maximum standards are respected in all circumstances, with a view to protecting the environment and meeting the COP21 criteria; notes therefore with satisfaction that at least 40% of EFSI projects under the Infrastructure and Innovation Window will be committed to climate action in line with the COP21 objectives;
Amendment 44 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. UrgesTakes note of the improvement of the transparency of the operations selection process and disclosure of all operational information on signed operations through the scoreboard of indicators, as well as of the accountability of operations, under EFSI 2.0 regulation;
Amendment 50 #
Motion for a resolution
Paragraph 45
Paragraph 45
45. Notes that total lending to innovative projects in 2016 amounted to EUR 13.5 billion, of which EUR 12.2 billion concerned first signatures, while total project investment costs corresponding to new operations were EUR 50.2 billion;
Amendment 51 #
Motion for a resolution
Paragraph 46
Paragraph 46
46. UrEncourages the EIB to ensurcontinue its support for innovative firms in their development and commercialisation of new products, processes and services as they face difficulties in obtaining financial aid from commercial banks; stresses the role of the EIB in helping to complete Europe’s digital network (e.g. fast broadband) and create a single digital market, including digital services; encourages the EIB to develop incentives aimed at promoting public and private sector investment in R&D in the fields of information and communications technology, life sciences, food, sustainable agriculture, forestry and low- carbon technologies;
Amendment 58 #
Motion for a resolution
Paragraph 58
Paragraph 58
58. Calls on the EIB, with regard to its newrevised External Lending Mandate, to ensure that real added value and additionality are brought by the new priority on migration added to the previous ones, namely climate, SMEsby the co- legislators to the existing ones, namely climate, private sector development and socio-economic infrastructure; stresses, therefore, the need to implement the newly-created Economic Resilience Initiative in an appropriate manner, supporting projects that are different from previously financed ones;
Amendment 64 #
Motion for a resolution
Paragraph 61
Paragraph 61
61. Welcomes the disclosure of the minutes of the meetings of the EIB Board of Directors, and calls onrecommends the EIB also to disclose the minutesconsider disclosing non-confidential information of the meetings of the Management Committee; at project level, reiterates its request concerning the systematic disclosure of Completion Reports for EIB activities outside Europe, as well as of the 3PA and REM sheets for EIB projects; believes that the practice of disclosing the Scoreboard of Indicators, as foreseen for EFSI 2.0, should be applied to all projects implemented by the EIB;
Amendment 69 #
Motion for a resolution
Paragraph 66
Paragraph 66
66. Positively notes the importance given by the EIB to its policy of zero tolerance of fraud, corruption and collusion; insists that the EIB revise its policy on preventing and deterring prohibited conduct in EIB activities, which should set in stone the need for the EIB to freeze financing or approving furthercalls on the EIB to take all appropriate measures, including suspension of payments and loan disbursements for, with view of projtects that are under ongoing national or OLAF investigation for corruption and frauding the EIB´s and the EU´s financial interests whenever OLAF or criminal investigations so require and calls further the EIB to adapt its internal rules accordingly; underlines the need to disclose information on the contracting and subcontracting system in order to avoid any risk of fraud and corruption; stresses the fact that the EIB website should contain a dedicated and visible space where debarred entities are listed publicly, in order to ensure a deterrent effect; underlines the importance of the EIB entering into cross-debarment networks with other multilateral lenders; calls on the EIB to harmonise its debarment policy with other multilateral lenders, such as the World Bank, which lists more than 800 individuals and firms as ‘debarred’ despite its volume of funding being approximately one half of that of the EIB;