Activities of Derek VAUGHAN related to 2017/2071(INI)
Shadow opinions (1)
OPINION on the annual report on the financial activities of the European Investment Bank
Amendments (5)
Amendment 4 #
Draft opinion
Paragraph 1
Paragraph 1
1. Underlines the EIB’s important rolecomplementary role and the need for synergies in the implementation of cohesion policy through activities aimed at strengthening project preparation capacities, consultancy and analysis services and loans for national co- financing;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Calls on the EIB to present an additional special chapter in its annual report dedicated to EIB activities aimed at the implementation of cohesion policy by Member States, and to include detailed information on the use of loans in cohesion policy projects and programmes; in order to compare with other financial instruments and grants; underlines in this context also the EIB’s responsibility to provide sufficient data available for the European Parliament, the Court of Auditors and others;
Amendment 22 #
Draft opinion
Paragraph 3
Paragraph 3
3. Emphasises that the EIB, as an institution through which the EUwhich finances projects aimed at fulfilling EU policies, should contribute to economic, social and territorial cohesion; notices however that, according to the geographical breakdown of lending by country in which projects are located, five Member States received 54.11 % of the total loans granted in 2016;
Amendment 31 #
Draft opinion
Paragraph 4
Paragraph 4
4. Highlights that the EIB’s role in cohesion policy is increasing, especially due to the increased use of financial instruments; emphasises that the level of use of financial instruments is still very low and that Member States point to the complexity of the procedures as one of the reasons for that and that Member States point to the complexity of the procedures, as laid down in the Financial Regulation and Common Provisions Regulation (CPR), as one of the reasons for that; however underlines that grants, being an effective form of support in manifold areas of public intervention, must be maintained as the main tool of Cohesion Policy, especially for smaller beneficiaries and financial instruments should be used as an additional tool only for those sectors where they have demonstrated they are more appropriate than grants for achieving CP objectives and where they bring value for money, limited to activities, which may generate profit such as promotion of start-ups, specific support for SMEs and other market-oriented measures; points out that the role of the EIB should be reconsidered with regard to financial instruments under CP and the European Fund for Strategic Investments (EFSI);
Amendment 53 #
Draft opinion
Paragraph 5
Paragraph 5
5. Welcomes the fact that, in 2016, more than 50 % of the total approved loans were invested in the transport, energy, industry and water and waste management sectors, which indicates an appropriate thematic concentration; underlines that projects supporting the revitalisation of rural and other less populated, less accessible and underdeveloped areas should have priority in all sectorsmore focus in all sectors while the principle that every region has to profit from Cohesion policy continues; notes the role the EIB plays in supporting the objectives of the Urban Agenda;