Activities of Eduard KUKAN related to 2018/0243(COD)
Plenary speeches (1)
Neighbourhood, Development and International Cooperation Instrument (debate)
Amendments (36)
Amendment 60 #
Proposal for a regulation
Recital 35 a (new)
Recital 35 a (new)
(35 a) The External Lending Mandate Plus (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 61 #
Proposal for a regulation
Recital 35 b (new)
Recital 35 b (new)
(35 b) The EIB shall indirectly manage and implement the ELM+, provide all strategic banking and risk management competences required by the Commission, including those related to the operational management of the EFSD+ guarantee, provide a writing opinion on banking related matters to accompany each Commission proposal for investment windows under the EFSD+ guarantee, be an eligible counterpart for managing and implementing activities under EFSD+ and shall take 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.
Amendment 62 #
Proposal for a regulation
Recital 36
Recital 36
(36) An External Action Guarantee should be established building on the existing EFSD Guarantee, the External Lending Mandate and the Guarantee Fund for external actions. The External Action Guarantee should support the EFSD+ and ELM+ operations covered by budgetary guarantees, macro-financial assistance and loans to third countries on the basis of Council Decision 77/270/Euratom71 . These operations should be supported by appropriations under this Regulation, together with those under Regulation (EU) No …/… (IPA III) and Regulation (EU) No …/… (EINS), which should also cover the provisioning and liabilities arising from macro-financial assistance loans and loans to third countries referred to in Article 10(2) of Regulation EINS, respectively. When funding EFSD+ operations, priority should be given to those which have a high impact on job creation and whose cost- benefit ratio enhances the sustainability of investment. The operations supported with the External Action Guarantee should be accompanied by an in-depth ex ante assessment of environmental, financial and social aspects, as appropriate and in line with the better regulation requirements. The External Action Guarantee should not be used to provide essential public services, which remains a government responsibility. _________________ 71 Council decision 77/270/EURATOM of 29 March 1977 empowering the Commission to issue Euratom loans for the purpose of contributing to the financing of nuclear power stations (OJ L 88, 6.4.1977, p. 9).
Amendment 63 #
Proposal for a regulation
Article 1 – paragraph 3
Article 1 – paragraph 3
It also establishes the European Fund for Sustainable Development Plus (the ‘EFSD+’), the External Lending Mandate Plus (ELM+) and an External Action Guarantee.
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 76 #
Proposal for a regulation
Article 26 – paragraph 4 – subparagraph 1
Article 26 – paragraph 4 – subparagraph 1
The provisioning rate shall range between 9% and 50% depending on the type of operations. A maximum amount of EUR 10 billion shall be provisioned from the EU budget through a specific budget line in the framework of the annual budgetary procedure or through a budget transfer. Within this envelope of EUR 10 billion, the Union shall grant the EIB a budgetary guarantee of EUR 5 billion to be utilised in accordance with Article 26(1). The guarantees can cover up to 50% of the total financing amount of the project.
Amendment 77 #
Proposal for a regulation
Article 26 – paragraph 6
Article 26 – paragraph 6
6. The EFSD+, the ELM+ and the External Action Guarantee may support financing and investment operations in partner countries in the geographical areas referred to in Article 4(2). The provisioning of the External Action Guarantee shall be financed from the budget of the relevant geographic programmes established by Article 6(2)(a) and shall be transferred into the common provisioning fund. The EFSD+ and the External Action Guarantee may also support operations in beneficiaries listed in Annex I of Regulation IPA III. The funding for these operations under the EFSD+ and for the provisioning of the External Action Guarantee shall be financed from the Regulation IPA. The provisioning of the External Action Guarantee for loans to third countries referred to in Article 10 (2) of Regulation EINS shall be financed from Regulation EINS.
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.
Amendment 563 #
Proposal for a regulation
Recital 48
Recital 48
(48) The references to Union instruments in Article 9 of Council Decision 2010/427/EU79 , which are replaced by this Regulation, should be read as references to this Regulation and the Commission should ensure that this Regulation is implemented in accordance with the role and competencies of the EEAS as provided in that Decision. _________________ 79 Council Decision 2010/427/EU of 26 July 2010 establishing the organisation and functioning of the European External Action Service (OJ L 201, 3.8.2010, p. 30).
Amendment 573 #
Proposal for a regulation
Article 2 – paragraph 1 – point 8
Article 2 – paragraph 1 – point 8
(8) “contributor” shall mean a Member State, an international finance institution, or a public institution of a Member State, a public agency or other public or private entities contributing in cash or in guarantees to the common provisioning fund.
Amendment 574 #
Proposal for a regulation
Article 2 – paragraph 1 – point 8 a (new)
Article 2 – paragraph 1 – point 8 a (new)
(8a) 'additionality’ means the principle ensuring that the External Action Guarantee support contributes to sustainable development by operations which could not have been carried out without the Guarantee, or which achieve positive results above and beyond what could have been achieved without it. Additionality also means crowding in private sector funding and addressing market failures or sub-optimal investment situations as well as improving the quality, sustainability, impact or scale of an investment. The principle also ensures that External Action Guarantee operations do not replace the support of a Member State, private funding or another Union or international financial intervention, and avoid crowding out other public or private investments. Projects supported by the Guarantee typically have a higher risk profile than the portfolio of investments supported by the eligible counterparts under their normal investment policies without the External Action Guarantee.
Amendment 585 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1a. Funding under this regulation shall comply with the Union´s values and principles, as well as with the Union´s commitments under international law, taking into account relevant Union policies and positions.
Amendment 595 #
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1 – point b
Article 3 – paragraph 2 – subparagraph 1 – point b
(b) at global level, to consolidate and support democracy, rule of law and human rights, support civil society organisations, and local authorities, prevent conflicts and promote further stability and peace and address other global challenges including migration and mobilityand regional challenges;
Amendment 614 #
Proposal for a regulation
Article 3 – paragraph 3
Article 3 – paragraph 3
3. At least 920% of the expenditure under this Regulation shall fulfil the criteria for Official Development Assistance, established by the Development Assistance Committee of the Organisation for Economic Cooperation and Development.
Amendment 658 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
2 a. The Union and the Member States shall coordinate their respective support programmes with the aim of increasing effectiveness and efficiency of their delivery and preventing overlapping of funding.
Amendment 696 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The association agreements, partnership and cooperation agreements, multilateral agreements, and other existing or future agreements that establish a legally binding relationship with partner countries, as well as, European Council conclusions and Council conclusions, summit declarations or conclusions of high-level meetings with partner countries, relevant European Parliament resolutions, communications of the Commission or Joint communications of the Commission and the High Representative of the Union for Foreign Affairs and Security Policy, shall constitute the overall policy framework for the implementation of this Regulation.
Amendment 714 #
Proposal for a regulation
Article 8 – paragraph 4 – subparagraph 1
Article 8 – paragraph 4 – subparagraph 1
Cooperation between the Union and the Member States, on the one hand, and partner countries, on the other hand, shall be based on and shall promote the development effectiveness principles, only where applicable, namely: ownership of development priorities by partner countries, a focus on results, inclusive development partnerships, transparency and mutual accountability. The Union shall promote effective and efficient resource mobilisation and use.
Amendment 786 #
Proposal for a regulation
Article 10 – paragraph 2 – point c
Article 10 – paragraph 2 – point c
(c) the Union shall also consult at an early stage of and throughout the programming process other donors and actors, including representatives of civil society and local authorities, wherefunds and programmes, private and political foundations and other non-Union donors, whenever relevant;
Amendment 875 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
1. IndicativelyAt least 10 % of the financial envelope set out in Article 4(2)(a) to supplement the country financial allocations referred to in Article 12 shall be allocated to partner countries listed in Annex I in order to implement the performance-based approach. The performance-based allocations shall be decided on the basis of their progress towards consolidating democracy, human rights, rule of law, cgooperation on migration, economic governance and reformd governance and implementation of agreed political, economic and social reforms objectives. The progress of partner countries shall be assessed annually.
Amendment 883 #
Proposal for a regulation
Article 17 – paragraph 1 a (new)
Article 17 – paragraph 1 a (new)
1 a. 1 (a) A specific "Eastern partnership plus" envelope shall be set up to grant additional support to partner countries that have made substantial progress in the implementation of their bilateral agreements with the EU, and to support the implementation of further projects of bilateral cooperation.
Amendment 884 #
Proposal for a regulation
Article 17 – paragraph 1 b (new)
Article 17 – paragraph 1 b (new)
1 b. The performance-based support may be reconsidered in the event of serious or persistent regression.
Amendment 934 #
Proposal for a regulation
Article 23 – paragraph 3 – subparagraph 1 – point b
Article 23 – paragraph 3 – subparagraph 1 – point b
(b) grants, where appropriate without the need for co-financing, to finance actions in the most difficult conditions where the publication of a call for proposals would be inappropriate including situations where there is a serious lack of fundamental freedoms, threats to democratic institutions, where human security is most at risk or where human rights organisations and defenders operate under the most difficult conditions. Such grants shall not exceed EUR 1 000 000 and shall have a duration of up to 18 months, which may be extended by a further 12 months in the event of objective and unforeseen obstacles to their implementation;
Amendment 978 #
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 and contributing to the sustainable reintegration of returned migrants in their countries of origin, while maximising additionality, 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.
Amendment 986 #
Proposal for a regulation
Article 26 – paragraph 6
Article 26 – paragraph 6
6. The EFSD+ and the External Action Guarantee may support financing and investment operations in partner countries in the geographical areas referred to in Article 4(2) (a) (b). The provisioning of the External Action Guarantee shall be financed from the budget of the relevant geographic programmes established by Article 6(2)(a) and shall be transferred into the common provisioning fund. The EFSD+ and the External Action Guarantee may also support operations in beneficiaries listed in Annex I of Regulation IPA III. The funding for these operations under the EFSD+ and for the provisioning of the External Action Guarantee shall be financed from the Regulation IPA. The provisioning of the External Action Guarantee for loans to third countries referred to in Article 10 (2) of Regulation EINS shall be financed from Regulation EINS.
Amendment 991 #
Proposal for a regulation
Article 27 – paragraph 1
Article 27 – paragraph 1
1. The financing and investment operations eligible for support through the External Action Guarantee shall be consistent and aligned with Union policies, in particular its development policy and the European Neighbourhood Policy, as well as with the partner countries’ strategies and policies. They shall in particular support the objectives, general principles and policy framework of this Regulation and the relevant indicative programming documents, with due regard to the priority areas laid down in Annex V.
Amendment 995 #
Proposal for a regulation
Article 27 – paragraph 2 – point a a (new)
Article 27 – paragraph 2 – point a a (new)
(a a) provide additionality;
Amendment 997 #
Proposal for a regulation
Article 27 – paragraph 2 – point c
Article 27 – paragraph 2 – point c
(c) are technically viable and are sustainable from an environmental and socialo-economic point of view.
Amendment 1001 #
Proposal for a regulation
Article 27 – paragraph 2 – point c a (new)
Article 27 – paragraph 2 – point c a (new)
(c a) provide adequate risk sharing by the respective eligible counterpart and other prospective partners;
Amendment 1006 #
Proposal for a regulation
Article 27 – paragraph 2 – point c b (new)
Article 27 – paragraph 2 – point c b (new)
(c b) maximize, wherever relevant, the mobilisation of private sector capital;
Amendment 1013 #
Proposal for a regulation
Article 27 – paragraph 3 a (new)
Article 27 – paragraph 3 a (new)
3 a. The eligible counterparts may provide the instruments listed in paragraph 1 under an investment window or individual project administered by an eligible counterpart. They may be provided for the benefit of partner countries, including countries experiencing fragility or conflict or countries facing challenges in reconstruction and post-conflict recovery, for the benefit of those partner countries’ institutions, including their public national and private local banks and financial institutions, as well as for the benefit of private sector entities of those partner countries. In countries experiencing fragility or conflict, and other countries, where justified, support may be provided to public sector investments that have relevant effects on private sector development.
Amendment 1016 #
Proposal for a regulation
Article 27 – paragraph 5 – subparagraph 3
Article 27 – paragraph 5 – subparagraph 3
The Commission shall ensure fair treatment and equal access to funding for all eligible counterparts and shall ensure that conflicts of interest are avoided throughout the implementation period of the EFSD+. In order to ensure complementarity, the Commission may request any relevant information from eligible counterparts about their non- EFSD+ operations.
Amendment 1019 #
Proposal for a regulation
Article 27 – paragraph 7 – subparagraph 1
Article 27 – paragraph 7 – subparagraph 1
The Commission shallaking due account of the advice provided by the strategic board, the Commission shall, after consulting the operational boards and informing the European Parliament and the Council, set up investment windows for specific regions, specific partner countries or both, for specific sectors, or for specific projects, specific categories of final beneficiaries or both, which are to be funded by this Regulation, to be covered by the External action Guarantee up to a fixed amount. The Commission shall inform the European Parliament and the Council on how the investment windows comply with this Article and their detailed funding priorities. All requests for financial support within investment windows shall be made to the Commission.
Amendment 1027 #
Proposal for a regulation
Article 29 – paragraph 5 a (new)
Article 29 – paragraph 5 a (new)
5 a. 4.The Commission, when concluding External Action Guarantee agreements with eligible counterparts, shall take due account of: (a) the advice and guidance of the strategic and regional operational boards; (b) the objectives of the investment window; (c) the experience and operational, financial and risk management capacity of the eligible counterpart; (d) the amount of own resources, as well as private sector co-financing, that the eligible counterpart is ready to mobilise for the investment window.
Amendment 1356 #
Proposal for a regulation
Annex V – paragraph 1 – point a a (new)
Annex V – paragraph 1 – point a a (new)
(aa) contribute to sustainable development in its economic, social and environmental dimensions, and to the implementation of the 2030 Agenda and, where appropriate, the European Neighbourhood Policy, with a particular focus on the eradication of poverty, the creation of decent jobs, economic opportunities, skills and entrepreneurship, promoting gender equality and the empowerment of women and young people, while pursuing and strengthening the rule of law, good governance and human rights;