Activities of Sabine LÖSING related to 2016/0281(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund PDF (1006 KB) DOC (137 KB)
Amendments (8)
Amendment 86 #
Proposal for a regulation
Recital 2
Recital 2
(2) The EIP should incorporate the Union commitment under the Addis Ababa Action Agenda on Financing for Development. It should also allow European investors and private companies, including small and medium-sized enterprises, to participate more effectively to sustainable development in partner countries, with clear benchmarks, conditions and provisions in order to improve the socio-economic development and local private sector in the partner countries as absolute priority.
Amendment 123 #
Proposal for a regulation
Recital 6
Recital 6
(6) Furthermore, the EFSD should operate as 'one-stop-shop' to receive financing proposals from financial institutions and public or private investors and deliver a wide range of financial support to eligible investinvestments which lead to sustainable and inclusive economic, social and environmental developments. The EFSD Guarantee should be backed by the EFSD Guarantee Fund. The EFSD should deploy innovative instruments to support investments and involve the private sectorfacilitate access to finance for in priority domestic investors, in particular for local companies and micro, small, and medium-sized enterprises.
Amendment 142 #
Proposal for a regulation
Recital 10
Recital 10
Amendment 158 #
Proposal for a regulation
Recital 16
Recital 16
(16) The Commission should report annually to the European Parliament and the Council on the financing and investment operations covered by the EFSD Guarantee with a view to ensuring accountability to the European citizens. The report should be made public in order to allow relevant stakeholders, including civil society, to express their views. The Commission should also report annually to the European Parliament and the Council on the management of the EFSD Guarantee Fund so that accountability and transparency, transparency and the full budgetary scrutiny and control mechanism of the European Parliament are ensured.
Amendment 190 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The EFSD shall contribute to the achievement of the Sustainable Development Goals of the 2030 Agenda with a particular focus on sustainable growth, job creation, socio-economic sectors and on the support to micro, small and medium sized enterprises, thus addressing root causes of forced migration such as (extreme) poverty, climate change, lack of prospects and income, and contributing to sustainable reintegration of strictly voluntary returned migrants in their countries of origin while maximising additionalitly, delivering innovative products and crowding in private sector funds which contribute to sustainable and inclusive economic, social and environmental development.
Amendment 227 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
1. The Union shall provide an irrevocable and unconditional guarantee on first demand to the eligible counterpart for the financing and investment operations covered by this Regulation starting in the African and Neighbourhood partner countries.
Amendment 248 #
Proposal for a regulation
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(b) target socio-economic sectors, in particular infrastructure including sustainable energy, water, transport, information and communications technologies, environment, sustainable use of natural resources and blue growth, social infrastructure, human capital, in order to fight poverty and to improve the socio- economic environment;
Amendment 324 #
Proposal for a regulation
Article 12 – paragraph 1
Article 12 – paragraph 1
1. The Commission on behalf of the Union shall conclude EFSD guarantee agreements with the eligible counterparts selected pursuant to Article 10 and paragraph 4, on the granting of the EFSD Guarantee, which shall be unconditional, irrevocable, at first demand, in favour of the selected eligible counterpart.