Activities of George Sabin CUTAȘ 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
Amendments (10)
Amendment 24 #
Proposal for a decision
Recital 1
Recital 1
(1) In addition to its core mission of financing investment in the Union, which remains its priority and main objective, the European Investment Bank (EIB) undertakes financing operations outside the Union in support of the Union’s external policies. This allows the budget funds of the Union available to the external regions to be complemented by the financial strength of the EIB for the benefit of the targeted third countries. In undertaking such financing operations, the EIB contributes to the general principles and policy objectives of the Union.
Amendment 26 #
Proposal for a decision
Recital 13
Recital 13
(13) The EIB should continue to finance investment projects in the areas of social, environmental and economic infrastructure, and should considerprogressively increasinge its activity in support of health and education infrastructure when there is clear added value in doing soin line with the objectives of the Union’s development policy and the Millennium Development Goals.
Amendment 29 #
Proposal for a decision
Recital 18
Recital 18
(18) While the EIB’s strength remains its distinctiveness as an investment bank model as a publicly owned international financial institution whose remit is that of providing long-term lending so as to meet the policy goals set by its shareholders, EIB financing operations should contribute to the general principles guiding Union external action, as referred to in Article 21 of the Treaty on European Union (TEU), of promoting and consolidating democracy and the rule of law, human rights and fundamental freedoms, and to the implementation of international environmental agreements to which the Union is a party. In particular, iFurthermore, EIB actions should be in accordance with Article 3(5) of the EU Treaty, which, as confirmed by the ECJ on 21 December 2011 in its ATAA judgement, requires the Union to contribute to the strict observance of international law, and in particular the principles of the UN Charter. In relation to developing countries, EIB financing operations should foster their sustainable economic, social and environmental development, particularly in the most disadvantaged amongst them, their smooth and gradual integration into the world economy, the campaign against poverty, as well as compliance with objectives approved by the Union in the context of the United Nations and other competent international organisations. While contributing to the implementation of the measures necessary to further the objectives of Union development cooperation policy in accordance with Article 209(3) of the Treaty, the EIB should strive to support indirectly the achievement of the UN’s 2015 Millennium Development Goals in all regions where it is active.
Amendment 32 #
Proposal for a decision
Recital 22 a (new)
Recital 22 a (new)
(22a) The EIB should expand its provision of technical assistance to beneficiaries, with the aim of supporting local capacity-building and economic, environmental, social and political development.
Amendment 33 #
Proposal for a decision
Recital 25
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 practice. 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 towardsvoid any kind of direct or indirect cooperation with weakly regulated or non-cooperative jurisdictions in order to contribute to the international fight against tax fraud, tax evasion and money-laundering and should follow the European Commission’s most recent criteria to identify jurisdictions which do not meet minimum standards of good governance in tax matters.
Amendment 36 #
Proposal for a decision
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
2a. The EIB shall engage in a dialogue with the European Commission on identifying jurisdictions which do not meet minimum standards of good governance in tax matters.
Amendment 38 #
Proposal for a decision
Article 9 – paragraph 2
Article 9 – paragraph 2
2. In addition to the ex-ante assessment of development-related aspects, the EIB shall monitor the implementation of financing operations. In particular, it shall require the project promoters to carry out thorough monitoring during project implementation until completion, inter alia, on the development, environmental, social and human rights impact of the investment project. The EIB shall verify the information provided by the project promoters.
Amendment 39 #
Proposal for a decision
Article 9 – paragraph 3
Article 9 – paragraph 3
3. The EIB monitoring shall also cover the implementation of intermediated operations and the performance of financial intermediaries in support of SMEs, including ex-ante and ex-post assessment relating to the projects undertaken.
Amendment 40 #
Proposal for a decision
Article 9 a (new)
Article 9 a (new)
Article 9a EIB Technical Assistance The EIB shall, when appropriate, provide wide technical assistance to beneficiaries for project preparation and implementation, with the aim of supporting local capacity-building and economic, environmental, social and political development. The technical assistance given should be complementary to the assistance given by other EU bodies in the framework of the EU’s trade and development policy.
Amendment 41 #
Proposal for a decision
Article 12
Article 12
In its financing operations, the EIB shall not tolerate any activities carried out for illegal purposes, including money laundering, financing of terrorism, tax fraud and tax evasion, corruption, and fraud affecting the financial interests of the EU. In particular the EIB shall not participate in any financing operation implemented in an eligible country through a foreign non- cooperative jurisdiction identified as such using the European Commission’s criteria on identifying non- cooperative jurisdictions, as well as by the OECD, the Financial Action Task Force or other relevant international organisations.