BETA

Activities of Theodor Dumitru STOLOJAN related to 2013/0152(COD)

Shadow opinions (1)

OPINION on the proposal for a decision of the European Parliament and of the Council on granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union
2016/11/22
Committee: ECON
Dossiers: 2013/0152(COD)
Documents: PDF(259 KB) DOC(465 KB)

Amendments (7)

Amendment 25 #
Proposal for a decision
Recital 11
(11) Improving access to financing for SMEs, including SMEs from the Union investing in the regions covered by this Decision, can play an essential role in stimulating economic development and in combating unemployment. In order to effectively reach out to SMEs, the EIB should cooperate with local financial intermediary institutions in the eligible countries, in particular to ensure that part of the financial benefits is passed on to their clients and provide added value compared to other sources of finance.It should be ensured that the EIB also cooperates with local financial intermediaries whose aims accord with those referred to in Recital 18 of this decision and Article 21 of the Treaty on European Union. The EIB should require intermediaries to report on the project financed and the SMEs supported.
2013/09/24
Committee: ECON
Amendment 31 #
Proposal for a decision
Recital 15
(15) Within the areas covered by the general objectives, regional integration among countries, in particular economic integration between Pre-accession countries, Neighbourhood countries and the Union, should be an underlying objective for EIB financing operations. Within the aforementioned areas, the EIB should be able to support partner countries through foreign direct investments by companies from the Union that contribute to promoting technology and knowledge transfer, providing that due consideration has been made during the investment projects' due diligence to minimise the risks that EIB financing operations lead to negative repercussions on employment in the Union. The EIB should also be encouraged to support foreign direct investment in partner countries by companies from the Union at its own risk.Care should also be taken to ensure that the foreign direct investment by businesses based in the Union which is supported by the EIB genuinely contributes to economic integration between pre-accession countries, neighbourhood countries and the Union. The EIB should therefore indicate in what form it is specifically supporting businesses and how the businesses are using this support.
2013/09/24
Committee: ECON
Amendment 39 #
Proposal for a decision
Recital 22
(22) In its financing operations outside the Union that fall within the scope of this Decision, the EIB should endeavour further to enhance coordination and cooperation with European Financial Institutions and International Financial Institutions, notably those participating in the EU Platform for Blending in External Cooperation. This cooperation includes, where appropriate, cooperation on sector conditionality and mutual reliance on procedures, use of joint co-financing and participation in global initiatives, such as those promoting aid coordination and effectiveness. Such coordination and cooperation should strive to minimise possible duplication of costs and unnecessary overlap. Particularly with reference to the European Bank for Reconstruction and Development (EBRD), greater efforts should be made by both Banks to find additional scope for synergies. The tripartite Memorandum of Understanding between the Commission, the EIB Group and the European Bank for Reconstruction and Development (EBRD) in respect of cooperation outside the Union, which allows the EIB Group and the EBRD to act in a complementary way by relying on their respective comparative advantages, was updated in 2012 to cover the extension of EBRD's geographical scope to the Mediterranean region and should continue to be applied. The principles set out in this Decision should also be applied when EIB financing is implemented through cooperation agreements with other European Financial Institutions and International Financial Institutions.
2013/09/24
Committee: ECON
Amendment 45 #
Proposal for a decision
Recital 25
(25) The EIB financing operations in support of Union external policies should continue to be conducted in accordance with the principles of sound banking practiceand sustainable banking practices, with a long-term future, which are geared to the real economy. They should continue to be managed in accordance with the EIB's own rules and procedures, including appropriate control measures and compliance with the EIB's statement on social and environmental standards, as well as with the relevant rules and procedures concerning the Court of Auditors and the European Anti-Fraud Office (OLAF). In its financing operations the EIB should adequately implement its policies towards weakly regulated or non-cooperative jurisdictions in order to contribute to the international fight against tax fraud, tax evasion and money-laundering. Particularly in the case of financing via local financial intermediaries, it should therefore be ensured that the financing made available by the intermediaries avoids the risk of fraud and corruption in so far as possible. In the interests of transparency and in order to avoid fraud and corruption, the EIB should draw up, in cooperation with the local financial intermediaries, a list of the final borrowers.
2013/09/24
Committee: ECON
Amendment 48 #
Proposal for a decision
Article 3 – paragraph 5
5. EIB financing operations supporting the objectives provided for in paragraph 1(a) may include support to investment projects by SMEs from the Union. However, it should be ensured that EIB financing is genuinely used in the specific investment projects for the benefit of the SMEs concerned and not channelled to other areas as concealed support for undertakings. In order to ensure that funding is used as intended, the EIB shall draw up practical reporting standards to be complied with by borrowers.
2013/09/24
Committee: ECON
Amendment 69 #
Proposal for a decision
Article 11 – paragraph 1 – point a
(a) all EIB financing operations carried out under this Decision, in particular indicating whether an investment project is covered by the EU guarantee; – a description or summary of the project, – a description or summary of ex-post evaluation reports.
2013/09/24
Committee: ECON
Amendment 78 #
Proposal for a decision
Annex 2 – point B – point 2 – paragraph 2
Southern Caucasus: Armenia, Azerbaijan, Georgia
2013/09/24
Committee: ECON