7 Amendments of Yannick JADOT related to 2018/2161(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses the importance which the European Investment Bank (EIB) attaches to operations outside the EU in its overall lending activity, and that new lending outside the EU should continue to maintain a fairly even split between support for social and economic infrastructure and support for local private sector development; recalls that 10 % of the EIB’s overall lending activity is dedicated to operations outside the Union; stresses, for this reason, the importance of the annual reporting by the EIB on its operations outside of the Union with regard to compliance with the general principles guiding the external action of the Union, specifically Articles 3 and 21 TFEU, the Agenda 2030 and the Paris Climate Agreement;
Amendment 5 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Calls on the EIB to develop a methodology, in cooperation with the EEAS and DG DEVCO, in measuring the impact of its lending operations outside the EU on the overall EU development cooperation, specifically regarding the UN Agenda 2030 and the impact on human rights;
Amendment 10 #
Draft opinion
Paragraph 2
Paragraph 2
2. Calls on the EIB to continue to pay special attention in its lending outside the EU to private sector development, which is a major engine of poverty reduction, and to impact finance and credit lines targeting microfinance institutions; calls for a strategic EIB contribution to tackle the root causes of migration by expanding the EIB’s external lending mandate (ELM)takes note of the fact that half of all lending operations of the EIB under the ELM goes to local financial intermediaries, with the goal to boost micro-credits; asks the EIB specifically to supply better and more systematic information with regard to the on-lending by its financial intermediaries, and to conduct a gender evaluation of the on-lending of financial intermediaries, given that micro-credits are mostly directed to women entrepreneurs;
Amendment 13 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Suggests the EIB to modify the wording of transparency provisions related to its intermediated loans in order to clarify that the transparency regime for these indirect financial operations should be similar to the one applicable to direct loans; suggest in this respect to consider redrafting Article 5.13 of its Transparency Policy, in line with the recommendation of the European Ombudsman in case 1316/2016/TN issued on 23 May 2018.
Amendment 14 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. In the wake of the recent controversial EIB loans to Volkswagen and infrastructure projects in Italy, encourages the EIB to remove from its transparency policy the presumption of non-disclosure related to information and documents collected and generated during inspections, investigations and audits on fraud and corruption, including once these have been closed;
Amendment 24 #
Draft opinion
Paragraph 5
Paragraph 5
5. Is of the opinion that the EIB should continue to enhance its role in helping to achieve sustainable development, and that climate action lending should focus mainly on the transport and energy sectors.; calls on the EIB to further align its financing with the Paris Agreement by ending its support to fossil fuels and reinforcing its efforts to target small-scale renewable energy projects, and by phasing out projects inducing deforestation and the loss of bio- diversity;
Amendment 30 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Reminds the EIB that it needs to act in coherence with its development mandate under the ELM to ensure that investments in developing countries are bringing the due revenues to local tax authorities; encourages the EIB to go beyond the legally binding EU black list with regard to Non-Compliant Jurisdictions (NCJs) which should be excluded from lending operations;