Activities of Iliana IVANOVA related to 2011/2186(INI)
Plenary speeches (2)
European Investment Bank - annual report 2010 (debate)
European Investment Bank - annual report 2010 (debate)
Reports (1)
REPORT on the European Investment Bank (EIB) - Annual Report 2010 PDF (293 KB) DOC (184 KB)
Amendments (21)
Amendment 1 #
Motion for a resolution
Recital B
Recital B
B. whereas the EIB's financing operations inside the European Union focus on six policy priorities: ensuring economic and social cohesion; preparing for and convergence; implementation of the knowledge economy; developing trans- European transport and access networks; supporting small and medium-sized enterprises (SMEs); protecting and improving the environment; and ensurpromoting sustainable communities; and supporting sustainable, competitive and secure energy,
Amendment 3 #
Motion for a resolution
Recital L
Recital L
L. whereas sustainable growth must be guaranteed in the Union also through redeployment of unused EU Budget payment appropriations to joint programmes targeting growth, competitiveness and employment, and through leveraging EIB loans and setting up an efficient project bond market;
Amendment 7 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Points out that the EIB Group6 should continue reporting annually to the European parliament on its lendfinancing activities related to the EU budget and focused on: EU financing and External financing;
Amendment 10 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Calls on the EIB to make thencourage public disclosure of cumulative PPP public payment obligations a condition for receiving EIB financing for a PPP project including, inter alia, payments for all PPP projects in a country with the cash costs for the current and future yearsin respect of the PPP being financed together with information on the source of future payments;
Amendment 13 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Urges EIB to increase its support to the public sector support for infrastructure networks in new Member sStates which is still low compared to EU-15 Member States;
Amendment 18 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Regrets that comprehensive global control systems including an audit operational system are still not in place and expects them to become operationalIs concerned about the EIB internal controls and audit systems and encourages the EC and the EIB to finalise a comprehensive financial and administrative framework agreement in 2012 in view of the multitudeexpected expansion of innovative financial instruments managed by the EIB group;
Amendment 20 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Welcomes the achievement full year ahead of schedule of the EUR 30bn target in lending to SMEs set by the December 2008 ECOFIN Council; supports the New loan formulaproduct for Mid-Cap enterprises and highlights its importance for boosting the European economic recovery;
Amendment 29 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Welcomes the special report of the European Court of Auditors number 4/2011 on the Audit of the SME Guarantee Facility and recognizes the important role of the SMEG facility; is concerned about the findings of the Court which relate to: insufficient records justifying the agreement parameters between the EIBF and the financial intermediaries, unclear performance indicators, absence of target values of the indicators;
Amendment 30 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Takes the view that the European Union guarantee instrument provided by the external mandate has a high added value and leverage; encourages nonetheless the EIB to pursue own-risk facilities whenever possible while, preserving the EIB AAA rating, ensuring the effective coordination of assistance activities undertaken by the European Commission, the EIB and other international and local partners in order to increase the consistency and complementarity of the actions;
Amendment 32 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Highlights the role of the EIB's financing for Public-Private Partnership (PPP) projects mainly within the EU, and notes EIB's intention to apply the PPP model in the Maghrebexplore the potential for PPPs in the Mediterranean countries;
Amendment 35 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Is concerned about the lack of sufficient information about the results of the external policy actions; highlights the absence of requirements for financial intermediaries to send ex-post results on individual operations; welcomes, however, the new reporting provisions under Decision 1080/2011/EU;
Amendment 42 #
Motion for a resolution
Paragraph 38
Paragraph 38
38. Welcomes the new EIB's complaints mechanism; notes however that this mechanism is not completely operational in 2010; takes note of the substantial growth of numbers of complaints mainly in the area of procurement, environmental, social and developmental aspects of financed projects; asks the EIB to provide the EP with relevant information about the follow- up on the submitted complaints; welcomes the adoption of the Complaints Mechanism Operating Procedures (CMOP), approved by the Bank's Management Committee in November 2011;
Amendment 44 #
Motion for a resolution
Paragraph 40
Paragraph 40
40. Requests that compliance with EU standards on environment and social policies should be a systematic condition for accessing EIB financing, while companies or undertakings that violate these principles and are registered in tax haveNon- Compliant Jurisdictions should be effectively excluded;
Amendment 51 #
Motion for a resolution
Paragraph 43
Paragraph 43
43. Welcomes the EIB's focus on climate change, particularly on renewable energy; calls on the EIB to make universal energy access a focus of its engagement in the energy sector, by supporting decentralised small-scale and off-grid projects, particularly in rural areas; calls on the EIB to phase out projects which are likely to have a significant impact on the environment, such as large dams, CCS and fossil fuel technologies, to avoid locking developing countries into these energies;
Amendment 54 #
Motion for a resolution
Paragraph 47
Paragraph 47
47. Further reiterates its call that the EIB should bring its operations fully into line with an EU objective of a swift transition to a low-carbon economy and to adopt a plan for the phase-out of fossil fuel lending, including its lending for coal- fired power plants, and for the redoubling of efforts to increase the transfer of renewable-energy and energy-efficient technologies;
Amendment 57 #
Motion for a resolution
Paragraph 49
Paragraph 49
49. Recalls, moreover, that the Europe 2020 strategy will only be credible if it is backed up by adequate financial resources, and therefore supports a more prominent role for the EIB in enhancing the catalytic role and leverage function of structural funds and the further development and optimum use of innovative financing instruments, involving notably the EIB and the EIF, as well as the European Bank for Reconstruction and Development (e.g. blending grants and loans, venture capital instruments, new forms of risk-sharing and guarantees);
Amendment 58 #
Motion for a resolution
Paragraph 50
Paragraph 50
50. RecCalls on the EIB and the Member Statgoverning bodies to consider the possibility of the European Union becoming a shareholder in the Bank in addition to the Member States, which would, in its view, result in reinforced cooperation between the EIB and the Commission;
Amendment 60 #
Motion for a resolution
Paragraph 51
Paragraph 51
51. Takes the view that, after the Lisbon treaty changes and the increased role of the EIB for the balanced and steady development of the Internal market, the EIB should become more accountable to the EU citizens namely being subject to a discharge procedure by the European Parliament on the deployment of public funds from the EU budget or the European Development Fund, managed by the EIB mandate;
Amendment 62 #
Motion for a resolution
Paragraph 52
Paragraph 52
52. Welcomes the commitment of the EIB to develop a new framework for measuring the development impacts (REM framework) for evaluating projects both ex-ante and ex-post as of January 20112, and encourages the EIB to enhance transparency in applying this framework by disclosing the full list of indicators, and publishing monitoring reports and measures taken;
Amendment 65 #
Motion for a resolution
Paragraph 53
Paragraph 53
53. Calls on the EIB to link its financing projects more directlyto strive to contribute to poverty reduction and the achievement of the MDGs, human rights, corporate social responsibility, decent work and environmental principles and good governance, through the implementation of Decision No 1080/2011/EU of the European Parliament and of the Council;
Amendment 67 #
Motion for a resolution
Paragraph 55
Paragraph 55
55. Recognizes the progress made by the EIB in establishing clear procedures vis-à- vis the Offshore financial centreNon-Compliant Jurisdictions; supports the Bank in its policy not to participate in any operation, implemented through a non-cooperative jurisdiction.;