BETA


2016/0275(COD) EU guarantee to the European Investment Bank (EIB) against losses under financing operations supporting investment projects outside the Union: ceilings for EIB financing operations

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead BUDG GARDIAZABAL RUBIAL Eider (icon: S&D S&D) MUREŞAN Siegfried (icon: PPE PPE), DEPREZ Gérard (icon: ALDE ALDE), HAUTALA Heidi (icon: Verts/ALE Verts/ALE), ZANNI Marco (icon: ENF ENF)
Committee Opinion DEVE DEVA Nirj (icon: ECR ECR) Doru-Claudian FRUNZULICĂ (icon: S&D S&D), Lola SÁNCHEZ CALDENTEY (icon: GUE/NGL GUE/NGL)
Committee Opinion AFET KUKAN Eduard (icon: PPE PPE) Bas BELDER (icon: ECR ECR), Sabine LÖSING (icon: GUE/NGL GUE/NGL)
Committee Opinion INTA CICU Salvatore (icon: PPE PPE) Marielle DE SARNEZ (icon: ALDE ALDE), Sander LOONES (icon: ECR ECR)
Committee Opinion ECON
Committee Opinion ENVI PATRICIELLO Aldo (icon: PPE PPE) Nicola CAPUTO (icon: S&D S&D), Mireille D'ORNANO (icon: ENF ENF), Julie GIRLING (icon: ECR ECR), Anneli JÄÄTTEENMÄKI (icon: ALDE ALDE)
Lead committee dossier:

Events

2018/04/24
   EC - Commission response to text adopted in plenary
Documents
2018/03/19
   Final act published in Official Journal
Details

PURPOSE: to enable the European Investment Bank (EIB) to contribute to the external investment plan (EIP) by expanding both quantitatively and qualitatively the EIB external lending mandate.

LEGISLATIVE ACT: Decision (EU) 2018/412 of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union.

CONTENT: this Decision amends Decision No 466/2014/EU in order to increase to EUR 32.3 billion the maximum ceiling of EIB financing operations under the EU guarantee through the period 2014-2020. Of this total, EUR 3.7 billion is earmarked for projects in the public and private sectors aimed at providing a strategic response to the root causes of migration .

Within the regional ceilings and over the period covered by this Decision, the EIB shall ensure a country distribution within the regions covered by the EU guarantee, balanced in line with Union external policy priorities. The ceiling for reallocation between the regions by the EIB in the course of the mandate shall be increased from 10 % to 20 %.

Objectives and general principles : the EU guarantee shall be granted only for EIB financing operations which have added value on the basis of the EIB's own assessment, and support any of the following general objectives:

local private-sector development , in particular support to micro, small and medium-sized enterprises (SMEs); development of social and economic infrastructure , including transport, energy, environmental infrastructure, and information and communication technology; climate change mitigation and adaptation: over the period covered by this Decision, the EIB shall endeavour to sustain a high level of climate-relevant operations, the volume of which shall represent at least 25 % of the total EIB financing operations outside the Union; the long-term economic resilience of refugees , migrants, host and transit communities, and communities of origin as a strategic response to addressing root causes of migration.

Assessment of investment projects : the EIB shall require:

project promoters to carry out local public consultation , in line with Union social and environmental principles, with the relevant national and local stakeholders, as well as with civil society, at the project-planning and implementation stages on social, human rights, gender equality, environmental, economic and development-related aspects of investment projects covered by the EU guarantee; that the principle of free prior informed consent is implemented prior to financing operations affecting land and natural resources.

The EIB shall use performance indicators to measure development, environmental and social aspects, including human rights and gender equality, of the projects financed.

Prevention of money laundering, fight against terrorist financing, taxation and non-cooperative jurisdictions : in its financing operations, the EIB shall not support projects that contribute to money laundering, terrorist financing or tax evasion or avoidance.

In addition, the EIB shall not enter into new or renewed operations with entities incorporated or established in jurisdictions listed under the relevant Union policy on non-cooperative jurisdictions.

Revision of the eligibility list of countries : the Decision amends the lists of eligible regions and countries and potentially eligible regions and countries to exclude high-income regions and countries with high credit ratings, namely Brunei, Chile, Iceland, Israel, Singapore, South Korea and Taiwan. In addition, Iran shall be added to the list of potentially eligible regions and countries.

ENTRY INTO FORCE: 8.4.2018.

2018/03/14
   CSL - Draft final act
Documents
2018/03/14
   CSL - Final act signed
2018/03/14
   EP - End of procedure in Parliament
2018/02/27
   EP/CSL - Act adopted by Council after Parliament's 1st reading
2018/02/27
   CSL - Council Meeting
2018/02/08
   EP - Results of vote in Parliament
2018/02/08
   EP - Decision by Parliament, 1st reading
Details

The European Parliament adopted by 487 votes to 96, with 42 abstentions, on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union.

The European Parliament’s position adopted at first reading under the ordinary legislative procedure amended the Commission proposal as follows:

Objectives and general principles : two new objectives shall be covered by the EU guarantee:

projects addressing root causes of migration and contributing to the long-term economic resilience of refugees, migrants, host and transit communities . A maximum of EUR 1.4 billion (out of EUR 30 billion under a general mandate) and a maximum of EUR 2.3 billion under a private sector lending mandate .

EIB financing operations shall also seek to:

support small investment projects run by MSMEs , further facilitating the internationalisation of MSMEs, especially in remote rural areas and in particular in the field of drinking water treatment, wastewater disposal and renewable energy;

contribute to on the objectives of the Union development cooperation policy, in particular towards reducing poverty through inclusive growth and sustainable economic, environmental and social development; support investment projects predominantly in the areas of transport, energy, environmental infrastructure, information and communication technology, health and education; maintain a high level of climate-related operations, accounting for at least 25% of all EIB financing operations outside the Union; the EIB shall strengthen the climate change adaptation dimension of its contribution to projects in all EIB financing operations under the external lending mandate; ensure full respect for human, labour and social rights, fundamental freedoms and gender mainstreaming; support the public sector, including municipalities and public sector entities, in terms of infrastructure and services, and particularly for health care and with special facilities for children , for sanitation services and school education, to address significantly increased needs.

Within the regional ceilings, the EIB shall ensure an adequate country distribution within the regions covered by the EU guarantee, in line with Union external policy priorities.

Coverage and conditions of application of the EU guarantee : financing agreements with individual promoters relating to EIB financing operations shall also include appropriate procurement, environmental, climate and social provisions in accordance with the EIB’s own rules and procedures, including requirements to make the EU guarantee and EIB involvement visible to the end beneficiary.

EIB assessment and monitoring of investment projects : the EIB shall:

require project promoters to carry out local public consultation , in line with Union social and environmental principles, with the relevant national and local stakeholders , as well as with civil society, at project planning stage and implementation stage on social, human rights, gender equality, environmental, economic and development-related aspects of investment projects; ensure that the principle of free prior informed consent is implemented, prior to financing operations affecting land and natural resources.

The EIB shall performance indicators in relation to development, environmental and social aspects, including human right and gender equality aspects, of projects funded.

Prevention of money laundering, fight against the financing of terrorism, taxation and non-cooperative countries and territories : in its financing operations, the EIB shall not support any project that contributes to money laundering, terrorist financing, tax fraud and tax evasion.

The EIB shall not maintain business relations with entities incorporated or established in jurisdictions that do not cooperate with the Union in relation to the application of the internationally agreed tax standards on transparency and exchange of information.

The EIB shall provide introduction of country-by-country reporting, public registers of beneficial ownership and a blacklist of non-compliant tax jurisdictions.

Documents
2018/02/07
   EP - Debate in Parliament
2017/12/03
   EP - Approval in committee of the text agreed at 1st reading interinstitutional negotiations
2017/12/03
   EP - Approval in committee of the text agreed at 1st reading interinstitutional negotiations
2017/12/01
   CSL - Coreper letter confirming interinstitutional agreement
2017/04/06
   EP - Referral to associated committees announced in Parliament
2017/04/05
   EP - Committee decision to enter into interinstitutional negotiations confirmed by plenary (Rule 71)
2017/04/03
   EP - Committee decision to enter into interinstitutional negotiations announced in plenary (Rule 71)
2017/03/31
   EP - Committee opinion
Documents
2017/03/31
   EP - Committee report tabled for plenary, 1st reading
Details

The Committee on Budgets adopted the report by Eider GARDIAZABAL RUBIAL (S&D, ES) on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union.

The Committee on Development, exercising its prerogative as an associated committee in accordance with Article 54 of the Rules of Procedure, also gave its opinion on the report.

The committee recommended that the European Parliament’s position, adopted at first reading following the ordinary legislative procedure, should amend the Commission proposal as follows:

Ceiling for EIB financing operations : the maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall include:

a maximum amount of EUR 36 170 000 000 (instead of 30 000 000 000) under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to addressing the root causes of migration and the needs of refugees, migrants, transit and host communities; a maximum amount of EUR 2 300 000 000 under a private sector lending mandate.

In the framework of regional ceilings, the EIB shall ensure an adequate country distribution within the regions covered by the EU guarantee, in line with Union external policy priorities.

EU Guarantee : EIB financing operations shall support the long-term economic resilience of refugees, migrants, host and transit communities as a strategic response to addressing root causes of migration including, but not limited to, poverty, inequality, demographic growth, lack of employment and economic opportunities, and climate change.

EIB financing operations shall:

seek to strongly support small investment projects run by micro, small and medium-sized enterprises (MSMEs), further facilitating the internationalisation of MSMEs, especially in remote rural areas and in particular in the field of drinking water treatment, wastewater disposal as well as renewable energy; endeavour to sustain a high level of climate-relevant operations , the volume of which shall represent at least 25 % of the total EIB financing operations outside the Union, gradually increasing this target to at least 35 % by 2020; integrate concrete actions to step up efforts to support renewable energy sources and energy efficiency ; strengthen, with respect to the Sustainable Development Goals (SDGs), humanitarian action and support for creation of decent jobs, while ensuring the full respect of human, labour and social rights, fundamental freedoms and gender mainstreaming; support the public sector, in terms of infrastructure and services, and in particular health care and special facilities for children , sanitation services and school education.

The EIB shall ensure that: (i) local civil society is sufficiently well informed about planned and ongoing operations; (ii) ensure that the principle of free prior informed consent is implemented, prior to financing operations affecting land and natural resources.

Assessment and monitoring by the EIB of investment projects : Members called for the results of monitoring to be disclosed. The EIB shall use performance indicators in relation to development, environmental and social aspects, including human right and gender equality aspects, of projects funded.

The European Parliament may, on the basis of the yearly reports, draw up recommendations to the EIB concerning ongoing projects.

Non-cooperative jurisdictions : in its financing operations, the EIB shall comply with relevant standards and applicable legislation on the prevention of money laundering, and the fight against terrorism, tax fraud and tax evasion. It shall not make use of or engage in tax avoidance structures and shall not maintain business relations with entities incorporated or established in jurisdictions that do not cooperate with the Union in relation to the application of the internationally agreed tax standards.

Documents
2017/03/27
   EP - Vote in committee, 1st reading
2017/03/27
   EP - Committee decision to open interinstitutional negotiations with report adopted in committee
2017/03/22
   EP - Committee opinion
Documents
2017/03/21
   EP - Committee opinion
Documents
2017/03/06
   EP - Amendments tabled in committee
Documents
2017/03/01
   EP - Committee opinion
Documents
2017/02/08
   EP - Committee draft report
Documents
2016/12/16
   EP - DEVA Nirj (ECR) appointed as rapporteur in DEVE
2016/12/02
   EP - KUKAN Eduard (PPE) appointed as rapporteur in AFET
2016/10/13
   EP - PATRICIELLO Aldo (PPE) appointed as rapporteur in ENVI
2016/10/12
   EP - CICU Salvatore (PPE) appointed as rapporteur in INTA
2016/10/10
   EP - GARDIAZABAL RUBIAL Eider (S&D) appointed as rapporteur in BUDG
2016/10/06
   EP - Committee referral announced in Parliament, 1st reading
2016/09/14
   EC - Document attached to the procedure
2016/09/14
   EC - Document attached to the procedure
2016/09/14
   EC - Legislative proposal published
Details

PURPOSE: to amend Decision No 466/2014/EU in order to enable the European Investment Bank (EIB) to contribute to the external investment plan (EIP) by expanding both quantitatively and qualitatively the EIB external lending mandate.

PROPOSED ACT: Decision of the European Parliament and of the Council.

ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with Council.

BACKGROUND: the international community faces an unprecedented refugee crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. The proposal forms part of the external investment plan ("EIP") announced in the Commission communication of 7 June 2016 on establishing a new partnership framework with third countries under the European agenda on migration. On 28 June 2016, the European Council endorsed the EIP initiative, which aims to address root causes of migration , while contributing to the achievement of sustainable development goals.

Based on EIB's forecasts for lending in the region for the entire period of the Mandate, the

Commission sees difficulties in ensuring the continuation of EIB external financing under the EU guarantee for the remainder of the current financial perspectives 2014-2020. Moreover, considering the risk grading of the countries concerned (e.g. in the Eastern Neighbourhood), there are limited possibilities in relying on EIB own risk facilities.

By amending Decision No 466/2014/EU of the European Parliament and of the Council, the proposal aims to enable the European Investment Bank (EIB) to contribute to the EIP by expanding both quantitatively and qualitatively the EIB external lending mandate . This will enable the EIB to rapidly contribute to the EIP's objectives, in particular by providing additional financing to private-sector beneficiaries.

IMPACT ASSESSMENT: in the context of the preparation of the Decision, the Commission completed an impact assessment. This proposal does not contain a separate impact assessment, the scope of the proposed amendments to the Decision being mainly limited to the extension of the guarantee and to the increase of the ceilings set out in the Decision.

CONTENT : the main amendments to Decision No 466/2014/EU proposed by the Commission are as follows:

Addition of a new objective: it is proposed to add a new horizontal high-level objective addressing root causes of migration. Extension of the EU Guarantee and raising the ceilings : in order that the external lending mandate might meet the forthcoming challenges and respond to Union priorities, and in order to ensure a strategic response addressing root causes of migration, the proposal provides that the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32. 3 billion by releasing the optional additional amount of EUR 3 billion in the current Decision. This ceiling consists of:

- (a) a maximum total of EUR 30 billion, under the general mandate, out of which the amount of EUR 1.4 billion should be earmarked for projects in the public sector directed to refugees and host communities . That amount of EUR 1.4 billion will be distributed between the regions of Pre-accession countries and Mediterranean countries;

- (b) an overall amount of EUR 2.3 billion for EIB financing operations to private sector applicable to projects in support of refugees and/or host communities. The coverage of the EU guarantee for these operations is extended to all payments due to the EIB, but not received by it (‘comprehensive guarantee’), rather than only the political risk guarantee as is currently the case under the Decision. The EU Comprehensive Guarantee related to that new mandate will be priced. Revenues will be paid to the Guarantee Fund for external actions.

Increased flexibility for the EIB to switch amounts under the regional ceiling allocations: the ceiling for reallocation between the regions is being increased from 10% to 20% where it concerns the need to address urgencies and crisis situations that might arise during the mandate period and which are recognised as high EU external policy priorities. The reallocation is not applicable for the EUR 2.3 billion related to the private sector mandate and for the EUR 1.4 billion related to public sector projects addressing root causes of migration. Amendment of the list of eligible countries : high-income and high-investment grade countries such as Brunei, Iceland, Israel, Singapore, Chile and South Korea are removed from the list of eligible countries, as well as China's Special Administrative Regions (SAR) Hong Kong and Macao. In addition, Iran is added to the list of potentially eligible regions and countries (in Annex II of the Decision). Climate change : a reference to the Paris agreement adopted under the UN Framework Convention on Climate Change is introduced. The volume of EIB operations for climate change mitigation and adaptation should contribute to stepping up the proportion of EIB lending in support of climate-related investment in developing countries from 25% to 35% by 2020 . Results measurement framework : the EIB will develop and implement indicators for projects providing strategic response addressing root causes of migration. In the context of the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations, an assessment of the impact of EIB financing operations of this strategic response is included.

BUDGETARY IMPLICATIONS: the guarantee fund for external actions, established by Council Regulation (EC, Euratom) No 480/2009 provides a liquidity cushion for the Union budget against losses incurred on EIB financing operations and other Union external action, i.e. macro financial assistance loans and Euratom loans. The EIB mandate represents about 90% of the portfolio covered by the Guarantee Fund.

The additional budgetary needs for the provisioning of the Guarantee Fund linked to the increase of the overall ceiling of the mandate will be financed from EU budget line 01 03 06 (provisioning of the Guarantee Fund). The provisioning will be financed within the Multiannual Financial Framework.

Over the current Multiannual Financial Framework, the additional budgetary needs should be limited to EUR 115 million over the period 2018 – 2020 on the basis of the annual forecasts of disbursements and reimbursements of EIB loans. A part of the loans signed under the current EIB mandate will be disbursed and repaid beyond 2020.

The EU guarantee covering the EIB financing operations under the private sector lending mandate will be priced. The risk premium revenues originating from EIB financing operations under the private sector lending mandate will be paid to the Guarantee Fund in order to cover the commercial risk.

Documents

Votes

A8-0135/2017 - Eider Gardiazabal Rubial - Am 64 08/02/2018 12:14:26.000 #

2018/02/08 Outcome: +: 487, -: 96, 0: 42
DE PL FR IT GB ES RO BE CZ BG FI PT SE SK NL LT LV HR SI EE AT LU MT IE DK CY HU EL
Total
81
45
59
54
60
44
26
18
16
12
12
20
16
11
24
9
8
8
8
6
16
5
5
9
11
6
15
19
icon: PPE PPE
177

Estonia PPE

For (1)

1

Austria PPE

Against (1)

4

Luxembourg PPE

2

Cyprus PPE

1
icon: S&D S&D
157

Czechia S&D

2
3

Netherlands S&D

3

Latvia S&D

1

Croatia S&D

For (1)

1

Slovenia S&D

For (1)

1

Estonia S&D

For (1)

1

Luxembourg S&D

For (1)

1

Malta S&D

2

Ireland S&D

For (1)

1

Denmark S&D

2

Cyprus S&D

2
3
icon: ALDE ALDE
62

Germany ALDE

3

United Kingdom ALDE

1

Romania ALDE

3

Portugal ALDE

1

Sweden ALDE

2

Lithuania ALDE

2

Latvia ALDE

1

Croatia ALDE

2

Slovenia ALDE

For (1)

1

Estonia ALDE

3

Austria ALDE

For (1)

1

Luxembourg ALDE

For (1)

1

Ireland ALDE

For (1)

1

Denmark ALDE

Against (1)

3
icon: ECR ECR
64

Italy ECR

1

Romania ECR

For (1)

1

Czechia ECR

Abstain (1)

2

Bulgaria ECR

1
2

Netherlands ECR

For (1)

1

Lithuania ECR

1

Latvia ECR

For (1)

1

Croatia ECR

For (1)

1

Cyprus ECR

1

Greece ECR

Against (1)

1
icon: Verts/ALE Verts/ALE
44

Italy Verts/ALE

For (1)

1

United Kingdom Verts/ALE

4

Belgium Verts/ALE

2

Finland Verts/ALE

For (1)

1

Netherlands Verts/ALE

2

Latvia Verts/ALE

1

Croatia Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Estonia Verts/ALE

For (1)

1

Austria Verts/ALE

2

Luxembourg Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Hungary Verts/ALE

2
icon: NI NI
12

Germany NI

Against (1)

2

Poland NI

Against (1)

1

United Kingdom NI

3

Hungary NI

2
icon: ENF ENF
29

Germany ENF

Against (1)

1

Poland ENF

2

Romania ENF

Abstain (1)

1

Netherlands ENF

4
icon: EFDD EFDD
37

Germany EFDD

Against (1)

1

Poland EFDD

1

Czechia EFDD

Against (1)

1

Sweden EFDD

2

Lithuania EFDD

For (1)

1
icon: GUE/NGL GUE/NGL
41

Italy GUE/NGL

2

United Kingdom GUE/NGL

Abstain (1)

1

Netherlands GUE/NGL

3

Ireland GUE/NGL

Against (1)

4

Denmark GUE/NGL

Against (1)

1

Cyprus GUE/NGL

2
AmendmentsDossier
297 2016/0275(COD)
2017/02/06 INTA 34 amendments...
source: 599.616
2017/02/21 AFET 51 amendments...
source: 599.635
2017/03/02 ENVI 41 amendments...
source: 600.962
2017/03/03 DEVE 69 amendments...
source: 601.033
2017/03/07 BUDG 102 amendments...
source: 601.022

History

(these mark the time of scraping, not the official date of the change)

committees/0/associated
Old
True
New
 
committees/1
Old
type
Committee Opinion
body
EP
associated
False
committee_full
Foreign Affairs
committee
AFET
rapporteur
name: KUKAN Eduard date: 2016-12-02T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
New
type
Committee Opinion
body
EP
associated
True
committee_full
Development
committee
DEVE
rapporteur
name: DEVA Nirj date: 2016-12-16T00:00:00 group: European Conservatives and Reformists abbr: ECR
committees/2
Old
type
Committee Opinion
body
EP
associated
True
committee_full
Development
committee
DEVE
rapporteur
name: DEVA Nirj date: 2016-12-16T00:00:00 group: European Conservatives and Reformists abbr: ECR
New
type
Committee Opinion
body
EP
associated
False
committee_full
Foreign Affairs
committee
AFET
rapporteur
name: KUKAN Eduard date: 2016-12-02T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
docs/9
date
2018-01-30T00:00:00
docs
title: PE616.866
type
Amendments tabled in committee
body
EP
docs/10
date
2018-04-24T00:00:00
docs
title: SP(2018)178
type
Commission response to text adopted in plenary
body
EC
docs/10/docs/0/url
/oeil/spdoc.do?i=29354&j=0&l=en
docs/11
date
2018-04-24T00:00:00
docs
title: SP(2018)178
type
Commission response to text adopted in plenary
body
EC
events/8/date
Old
2017-12-04T00:00:00
New
2017-12-03T00:00:00
events/9/date
Old
2017-12-04T00:00:00
New
2017-12-03T00:00:00
events/10/docs
  • url: https://www.europarl.europa.eu/doceo/document/CRE-8-2018-02-07-TOC_EN.html title: Debate in Parliament
committees/0/shadows/2
name
BENITO ZILUAGA Xabier
group
European United Left - Nordic Green Left
abbr
GUE/NGL
docs/2/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE599.628
New
https://www.europarl.europa.eu/doceo/document/BUDG-PR-599628_EN.html
docs/3/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE595.736&secondRef=02
New
https://www.europarl.europa.eu/doceo/document/INTA-AD-595736_EN.html
docs/4/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE601.022
New
https://www.europarl.europa.eu/doceo/document/BUDG-AM-601022_EN.html
docs/5/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE597.737&secondRef=02
New
https://www.europarl.europa.eu/doceo/document/ENVI-AD-597737_EN.html
docs/6/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE595.732&secondRef=02
New
https://www.europarl.europa.eu/doceo/document/AFET-AD-595732_EN.html
docs/7/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE599.683&secondRef=03
New
https://www.europarl.europa.eu/doceo/document/DEVE-AD-599683_EN.html
docs/11
date
2018-04-24T00:00:00
docs
title: SP(2018)178
type
Commission response to text adopted in plenary
body
EC
docs/11
date
2018-04-24T00:00:00
docs
url: /oeil/spdoc.do?i=29354&j=0&l=en title: SP(2018)178
type
Commission response to text adopted in plenary
events/1/type
Old
Committee referral announced in Parliament, 1st reading/single reading
New
Committee referral announced in Parliament, 1st reading
events/2/type
Old
Vote in committee, 1st reading/single reading
New
Vote in committee, 1st reading
events/4
date
2017-03-31T00:00:00
type
Committee report tabled for plenary, 1st reading
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/A-8-2017-0135_EN.html title: A8-0135/2017
summary
events/4
date
2017-03-31T00:00:00
type
Committee report tabled for plenary, 1st reading/single reading
body
EP
docs
url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0135&language=EN title: A8-0135/2017
summary
events/5
date
2017-04-03T00:00:00
type
Committee decision to enter into interinstitutional negotiations announced in plenary (Rule 71)
body
EP
events/6
date
2017-04-05T00:00:00
type
Committee decision to enter into interinstitutional negotiations confirmed by plenary (Rule 71)
body
EP
events/8
date
2018-02-07T00:00:00
type
Debate in Parliament
body
EP
events/8/docs
  • url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20180207&type=CRE title: Debate in Parliament
events/10
date
2018-02-07T00:00:00
type
Debate in Parliament
body
EP
events/10
date
2018-02-08T00:00:00
type
Decision by Parliament, 1st reading/single reading
body
EP
docs
url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0038 title: T8-0038/2018
summary
events/12
date
2018-02-08T00:00:00
type
Decision by Parliament, 1st reading
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/TA-8-2018-0038_EN.html title: T8-0038/2018
summary
procedure/Legislative priorities/0
title
Joint Declaration 2018
url
https://oeil.secure.europarl.europa.eu/oeil/popups/thematicnote.do?id=2063000&l=en
procedure/Legislative priorities/1
title
Joint Declaration 2018
url
https://oeil.secure.europarl.europa.eu/oeil/popups/thematicnote.do?id=2063000&l=en
procedure/Legislative priorities/1/title
Old
Joint Declaration 2018
New
Joint Declaration 2018-19
procedure/Modified legal basis
Rules of Procedure EP 159
procedure/Notes
  • 05/04/2017 Decision to enter into interinstitutional negotiations confirmed by plenary (Rule 69c)
procedure/Other legal basis
Rules of Procedure EP 159
committees/0
type
Responsible Committee
body
EP
associated
True
committee_full
Budgets
committee
BUDG
rapporteur
name: GARDIAZABAL RUBIAL Eider date: 2016-10-10T00:00:00 group: Progressive Alliance of Socialists and Democrats abbr: S&D
shadows
committees/0
type
Responsible Committee
body
EP
associated
True
committee_full
Budgets
committee
BUDG
date
2016-10-10T00:00:00
rapporteur
name: GARDIAZABAL RUBIAL Eider group: Progressive Alliance of Socialists and Democrats abbr: S&D
shadows
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Foreign Affairs
committee
AFET
rapporteur
name: KUKAN Eduard date: 2016-12-02T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Foreign Affairs
committee
AFET
date
2016-12-02T00:00:00
rapporteur
name: KUKAN Eduard group: European People's Party (Christian Democrats) abbr: PPE
committees/2
type
Committee Opinion
body
EP
associated
True
committee_full
Development
committee
DEVE
rapporteur
name: DEVA Nirj date: 2016-12-16T00:00:00 group: European Conservatives and Reformists abbr: ECR
committees/2
type
Committee Opinion
body
EP
associated
True
committee_full
Development
committee
DEVE
date
2016-12-16T00:00:00
rapporteur
name: DEVA Nirj group: European Conservatives and Reformists abbr: ECR
committees/3
type
Committee Opinion
body
EP
associated
False
committee_full
International Trade
committee
INTA
rapporteur
name: CICU Salvatore date: 2016-10-12T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
committees/3
type
Committee Opinion
body
EP
associated
False
committee_full
International Trade
committee
INTA
date
2016-10-12T00:00:00
rapporteur
name: CICU Salvatore group: European People's Party (Christian Democrats) abbr: PPE
committees/5
type
Committee Opinion
body
EP
associated
False
committee_full
Environment, Public Health and Food Safety
committee
ENVI
rapporteur
name: PATRICIELLO Aldo date: 2016-10-13T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
committees/5
type
Committee Opinion
body
EP
associated
False
committee_full
Environment, Public Health and Food Safety
committee
ENVI
date
2016-10-13T00:00:00
rapporteur
name: PATRICIELLO Aldo group: European People's Party (Christian Democrats) abbr: PPE
activities
  • date: 2016-09-14T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0583 title: COM(2016)0583 type: Legislative proposal published celexid: CELEX:52016PC0583:EN body: EC commission: DG: url: http://ec.europa.eu/info/departments/economic-and-financial-affairs_en title: Economic and Financial Affairs Commissioner: MOSCOVICI Pierre type: Legislative proposal published
  • date: 2016-10-06T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: False committee: AFET date: 2016-12-02T00:00:00 committee_full: Foreign Affairs rapporteur: group: EPP name: KUKAN Eduard body: EP shadows: group: EPP name: MUREŞAN Siegfried group: ALDE name: DEPREZ Gérard group: GUE/NGL name: BENITO ZILUAGA Xabier group: Verts/ALE name: HAUTALA Heidi group: ENF name: ZANNI Marco responsible: True committee: BUDG date: 2016-10-10T00:00:00 committee_full: Budgets (Associated committee) rapporteur: group: S&D name: GARDIAZABAL RUBIAL Eider body: EP responsible: False committee: DEVE date: 2016-12-16T00:00:00 committee_full: Development (Associated committee) rapporteur: group: ECR name: DEVA Nirj body: EP responsible: False committee_full: Economic and Monetary Affairs committee: ECON body: EP responsible: False committee: ENVI date: 2016-10-13T00:00:00 committee_full: Environment, Public Health and Food Safety rapporteur: group: EPP name: PATRICIELLO Aldo body: EP responsible: False committee: INTA date: 2016-10-12T00:00:00 committee_full: International Trade rapporteur: group: EPP name: CICU Salvatore
  • date: 2017-03-27T00:00:00 body: unknown type: Committee decision to open interinstitutional negotiations with report adopted in committee
  • date: 2017-03-27T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP responsible: False committee: AFET date: 2016-12-02T00:00:00 committee_full: Foreign Affairs rapporteur: group: EPP name: KUKAN Eduard body: EP shadows: group: EPP name: MUREŞAN Siegfried group: ALDE name: DEPREZ Gérard group: GUE/NGL name: BENITO ZILUAGA Xabier group: Verts/ALE name: HAUTALA Heidi group: ENF name: ZANNI Marco responsible: True committee: BUDG date: 2016-10-10T00:00:00 committee_full: Budgets (Associated committee) rapporteur: group: S&D name: GARDIAZABAL RUBIAL Eider body: EP responsible: False committee: DEVE date: 2016-12-16T00:00:00 committee_full: Development (Associated committee) rapporteur: group: ECR name: DEVA Nirj body: EP responsible: False committee_full: Economic and Monetary Affairs committee: ECON body: EP responsible: False committee: ENVI date: 2016-10-13T00:00:00 committee_full: Environment, Public Health and Food Safety rapporteur: group: EPP name: PATRICIELLO Aldo body: EP responsible: False committee: INTA date: 2016-10-12T00:00:00 committee_full: International Trade rapporteur: group: EPP name: CICU Salvatore
  • body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0135&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A8-0135/2017 type: Committee report tabled for plenary, 1st reading/single reading committees: body: EP responsible: False committee: AFET date: 2016-12-02T00:00:00 committee_full: Foreign Affairs rapporteur: group: EPP name: KUKAN Eduard body: EP shadows: group: EPP name: MUREŞAN Siegfried group: ALDE name: DEPREZ Gérard group: GUE/NGL name: BENITO ZILUAGA Xabier group: Verts/ALE name: HAUTALA Heidi group: ENF name: ZANNI Marco responsible: True committee: BUDG date: 2016-10-10T00:00:00 committee_full: Budgets (Associated committee) rapporteur: group: S&D name: GARDIAZABAL RUBIAL Eider body: EP responsible: False committee: DEVE date: 2016-12-16T00:00:00 committee_full: Development (Associated committee) rapporteur: group: ECR name: DEVA Nirj body: EP responsible: False committee_full: Economic and Monetary Affairs committee: ECON body: EP responsible: False committee: ENVI date: 2016-10-13T00:00:00 committee_full: Environment, Public Health and Food Safety rapporteur: group: EPP name: PATRICIELLO Aldo body: EP responsible: False committee: INTA date: 2016-10-12T00:00:00 committee_full: International Trade rapporteur: group: EPP name: CICU Salvatore date: 2017-03-31T00:00:00
  • date: 2017-04-06T00:00:00 body: EP type: Referral to associated committees announced in Parliament
  • date: 2017-12-04T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/commissions/budg/lcag/2017/12-01/BUDG_LA(2017)011231_EN.pdf type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations title: PE615.382 GEDA/A/(2017)011231 type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations title: PE615.382 PE615.383 body: unknown type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations
  • date: 2018-02-07T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20180207&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
  • date: 2018-02-08T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=29354&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0038 type: Decision by Parliament, 1st reading/single reading title: T8-0038/2018 body: EP type: Results of vote in Parliament
  • date: 2018-02-27T00:00:00 body: CSL type: Council Meeting council: General Affairs meeting_id: 3599
  • date: 2018-02-27T00:00:00 body: EP/CSL type: Act adopted by Council after Parliament's 1st reading
  • date: 2018-03-14T00:00:00 body: CSL type: Final act signed
  • date: 2018-03-14T00:00:00 body: EP type: End of procedure in Parliament
  • date: 2018-03-19T00:00:00 type: Final act published in Official Journal docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412 title: Decision 2018/412 url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2018:076:TOC title: OJ L 076 19.03.2018, p. 0030
commission
  • body: EC dg: Economic and Financial Affairs commissioner: MOSCOVICI Pierre
committees/0
type
Responsible Committee
body
EP
associated
True
committee_full
Budgets
committee
BUDG
date
2016-10-10T00:00:00
rapporteur
name: GARDIAZABAL RUBIAL Eider group: Progressive Alliance of Socialists and Democrats abbr: S&D
shadows
committees/0
body
EP
responsible
False
committee
AFET
date
2016-12-02T00:00:00
committee_full
Foreign Affairs
rapporteur
group: EPP name: KUKAN Eduard
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Foreign Affairs
committee
AFET
date
2016-12-02T00:00:00
rapporteur
name: KUKAN Eduard group: European People's Party (Christian Democrats) abbr: PPE
committees/1
body
EP
shadows
responsible
True
committee
BUDG
date
2016-10-10T00:00:00
committee_full
Budgets (Associated committee)
rapporteur
group: S&D name: GARDIAZABAL RUBIAL Eider
committees/2
type
Committee Opinion
body
EP
associated
True
committee_full
Development
committee
DEVE
date
2016-12-16T00:00:00
rapporteur
name: DEVA Nirj group: European Conservatives and Reformists abbr: ECR
committees/2
body
EP
responsible
False
committee
DEVE
date
2016-12-16T00:00:00
committee_full
Development (Associated committee)
rapporteur
group: ECR name: DEVA Nirj
committees/3
type
Committee Opinion
body
EP
associated
False
committee_full
International Trade
committee
INTA
date
2016-10-12T00:00:00
rapporteur
name: CICU Salvatore group: European People's Party (Christian Democrats) abbr: PPE
committees/3
body
EP
responsible
False
committee_full
Economic and Monetary Affairs
committee
ECON
committees/4
type
Committee Opinion
body
EP
associated
False
committee_full
Economic and Monetary Affairs
committee
ECON
opinion
False
committees/4
body
EP
responsible
False
committee
ENVI
date
2016-10-13T00:00:00
committee_full
Environment, Public Health and Food Safety
rapporteur
group: EPP name: PATRICIELLO Aldo
committees/5
type
Committee Opinion
body
EP
associated
False
committee_full
Environment, Public Health and Food Safety
committee
ENVI
date
2016-10-13T00:00:00
rapporteur
name: PATRICIELLO Aldo group: European People's Party (Christian Democrats) abbr: PPE
committees/5
body
EP
responsible
False
committee
INTA
date
2016-10-12T00:00:00
committee_full
International Trade
rapporteur
group: EPP name: CICU Salvatore
council
  • body: CSL type: Council Meeting council: General Affairs meeting_id: 3599 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=3599*&MEET_DATE=27/02/2018 date: 2018-02-27T00:00:00
docs
  • date: 2016-09-14T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2016/0603/COM_COM(2016)0603_EN.pdf title: COM(2016)0603 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0603 title: EUR-Lex type: Document attached to the procedure body: EC
  • date: 2016-09-14T00:00:00 docs: url: https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SWD:2016:0299:FIN:EN:PDF title: EUR-Lex title: SWD(2016)0299 type: Document attached to the procedure body: EC
  • date: 2017-02-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE599.628 title: PE599.628 type: Committee draft report body: EP
  • date: 2017-03-01T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE595.736&secondRef=02 title: PE595.736 committee: INTA type: Committee opinion body: EP
  • date: 2017-03-06T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE601.022 title: PE601.022 type: Amendments tabled in committee body: EP
  • date: 2017-03-21T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE597.737&secondRef=02 title: PE597.737 committee: ENVI type: Committee opinion body: EP
  • date: 2017-03-22T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE595.732&secondRef=02 title: PE595.732 committee: AFET type: Committee opinion body: EP
  • date: 2017-03-31T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE599.683&secondRef=03 title: PE599.683 committee: DEVE type: Committee opinion body: EP
  • date: 2017-12-01T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/commissions/budg/lcag/2017/12-01/BUDG_LA(2017)011231_EN.pdf title: GEDA/A/(2017)011231 type: Coreper letter confirming interinstitutional agreement body: CSL
  • date: 2018-01-30T00:00:00 docs: title: PE616.866 type: Amendments tabled in committee body: EP
  • date: 2018-03-14T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=[%n4]%2F18&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 00065/2017/LEX type: Draft final act body: CSL
  • date: 2018-04-24T00:00:00 docs: url: /oeil/spdoc.do?i=29354&j=0&l=en title: SP(2018)178 type: Commission response to text adopted in plenary
events
  • date: 2016-09-14T00:00:00 type: Legislative proposal published body: EC docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0583 title: EUR-Lex title: COM(2016)0583 summary: PURPOSE: to amend Decision No 466/2014/EU in order to enable the European Investment Bank (EIB) to contribute to the external investment plan (EIP) by expanding both quantitatively and qualitatively the EIB external lending mandate. PROPOSED ACT: Decision of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with Council. BACKGROUND: the international community faces an unprecedented refugee crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. The proposal forms part of the external investment plan ("EIP") announced in the Commission communication of 7 June 2016 on establishing a new partnership framework with third countries under the European agenda on migration. On 28 June 2016, the European Council endorsed the EIP initiative, which aims to address root causes of migration , while contributing to the achievement of sustainable development goals. Based on EIB's forecasts for lending in the region for the entire period of the Mandate, the Commission sees difficulties in ensuring the continuation of EIB external financing under the EU guarantee for the remainder of the current financial perspectives 2014-2020. Moreover, considering the risk grading of the countries concerned (e.g. in the Eastern Neighbourhood), there are limited possibilities in relying on EIB own risk facilities. By amending Decision No 466/2014/EU of the European Parliament and of the Council, the proposal aims to enable the European Investment Bank (EIB) to contribute to the EIP by expanding both quantitatively and qualitatively the EIB external lending mandate . This will enable the EIB to rapidly contribute to the EIP's objectives, in particular by providing additional financing to private-sector beneficiaries. IMPACT ASSESSMENT: in the context of the preparation of the Decision, the Commission completed an impact assessment. This proposal does not contain a separate impact assessment, the scope of the proposed amendments to the Decision being mainly limited to the extension of the guarantee and to the increase of the ceilings set out in the Decision. CONTENT : the main amendments to Decision No 466/2014/EU proposed by the Commission are as follows: Addition of a new objective: it is proposed to add a new horizontal high-level objective addressing root causes of migration. Extension of the EU Guarantee and raising the ceilings : in order that the external lending mandate might meet the forthcoming challenges and respond to Union priorities, and in order to ensure a strategic response addressing root causes of migration, the proposal provides that the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32. 3 billion by releasing the optional additional amount of EUR 3 billion in the current Decision. This ceiling consists of: - (a) a maximum total of EUR 30 billion, under the general mandate, out of which the amount of EUR 1.4 billion should be earmarked for projects in the public sector directed to refugees and host communities . That amount of EUR 1.4 billion will be distributed between the regions of Pre-accession countries and Mediterranean countries; - (b) an overall amount of EUR 2.3 billion for EIB financing operations to private sector applicable to projects in support of refugees and/or host communities. The coverage of the EU guarantee for these operations is extended to all payments due to the EIB, but not received by it (‘comprehensive guarantee’), rather than only the political risk guarantee as is currently the case under the Decision. The EU Comprehensive Guarantee related to that new mandate will be priced. Revenues will be paid to the Guarantee Fund for external actions. Increased flexibility for the EIB to switch amounts under the regional ceiling allocations: the ceiling for reallocation between the regions is being increased from 10% to 20% where it concerns the need to address urgencies and crisis situations that might arise during the mandate period and which are recognised as high EU external policy priorities. The reallocation is not applicable for the EUR 2.3 billion related to the private sector mandate and for the EUR 1.4 billion related to public sector projects addressing root causes of migration. Amendment of the list of eligible countries : high-income and high-investment grade countries such as Brunei, Iceland, Israel, Singapore, Chile and South Korea are removed from the list of eligible countries, as well as China's Special Administrative Regions (SAR) Hong Kong and Macao. In addition, Iran is added to the list of potentially eligible regions and countries (in Annex II of the Decision). Climate change : a reference to the Paris agreement adopted under the UN Framework Convention on Climate Change is introduced. The volume of EIB operations for climate change mitigation and adaptation should contribute to stepping up the proportion of EIB lending in support of climate-related investment in developing countries from 25% to 35% by 2020 . Results measurement framework : the EIB will develop and implement indicators for projects providing strategic response addressing root causes of migration. In the context of the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations, an assessment of the impact of EIB financing operations of this strategic response is included. BUDGETARY IMPLICATIONS: the guarantee fund for external actions, established by Council Regulation (EC, Euratom) No 480/2009 provides a liquidity cushion for the Union budget against losses incurred on EIB financing operations and other Union external action, i.e. macro financial assistance loans and Euratom loans. The EIB mandate represents about 90% of the portfolio covered by the Guarantee Fund. The additional budgetary needs for the provisioning of the Guarantee Fund linked to the increase of the overall ceiling of the mandate will be financed from EU budget line 01 03 06 (provisioning of the Guarantee Fund). The provisioning will be financed within the Multiannual Financial Framework. Over the current Multiannual Financial Framework, the additional budgetary needs should be limited to EUR 115 million over the period 2018 – 2020 on the basis of the annual forecasts of disbursements and reimbursements of EIB loans. A part of the loans signed under the current EIB mandate will be disbursed and repaid beyond 2020. The EU guarantee covering the EIB financing operations under the private sector lending mandate will be priced. The risk premium revenues originating from EIB financing operations under the private sector lending mandate will be paid to the Guarantee Fund in order to cover the commercial risk.
  • date: 2016-10-06T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2017-03-27T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2017-03-27T00:00:00 type: Committee decision to open interinstitutional negotiations with report adopted in committee body: EP
  • date: 2017-03-31T00:00:00 type: Committee report tabled for plenary, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0135&language=EN title: A8-0135/2017 summary: The Committee on Budgets adopted the report by Eider GARDIAZABAL RUBIAL (S&D, ES) on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union. The Committee on Development, exercising its prerogative as an associated committee in accordance with Article 54 of the Rules of Procedure, also gave its opinion on the report. The committee recommended that the European Parliament’s position, adopted at first reading following the ordinary legislative procedure, should amend the Commission proposal as follows: Ceiling for EIB financing operations : the maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall include: a maximum amount of EUR 36 170 000 000 (instead of 30 000 000 000) under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to addressing the root causes of migration and the needs of refugees, migrants, transit and host communities; a maximum amount of EUR 2 300 000 000 under a private sector lending mandate. In the framework of regional ceilings, the EIB shall ensure an adequate country distribution within the regions covered by the EU guarantee, in line with Union external policy priorities. EU Guarantee : EIB financing operations shall support the long-term economic resilience of refugees, migrants, host and transit communities as a strategic response to addressing root causes of migration including, but not limited to, poverty, inequality, demographic growth, lack of employment and economic opportunities, and climate change. EIB financing operations shall: seek to strongly support small investment projects run by micro, small and medium-sized enterprises (MSMEs), further facilitating the internationalisation of MSMEs, especially in remote rural areas and in particular in the field of drinking water treatment, wastewater disposal as well as renewable energy; endeavour to sustain a high level of climate-relevant operations , the volume of which shall represent at least 25 % of the total EIB financing operations outside the Union, gradually increasing this target to at least 35 % by 2020; integrate concrete actions to step up efforts to support renewable energy sources and energy efficiency ; strengthen, with respect to the Sustainable Development Goals (SDGs), humanitarian action and support for creation of decent jobs, while ensuring the full respect of human, labour and social rights, fundamental freedoms and gender mainstreaming; support the public sector, in terms of infrastructure and services, and in particular health care and special facilities for children , sanitation services and school education. The EIB shall ensure that: (i) local civil society is sufficiently well informed about planned and ongoing operations; (ii) ensure that the principle of free prior informed consent is implemented, prior to financing operations affecting land and natural resources. Assessment and monitoring by the EIB of investment projects : Members called for the results of monitoring to be disclosed. The EIB shall use performance indicators in relation to development, environmental and social aspects, including human right and gender equality aspects, of projects funded. The European Parliament may, on the basis of the yearly reports, draw up recommendations to the EIB concerning ongoing projects. Non-cooperative jurisdictions : in its financing operations, the EIB shall comply with relevant standards and applicable legislation on the prevention of money laundering, and the fight against terrorism, tax fraud and tax evasion. It shall not make use of or engage in tax avoidance structures and shall not maintain business relations with entities incorporated or established in jurisdictions that do not cooperate with the Union in relation to the application of the internationally agreed tax standards.
  • date: 2017-04-06T00:00:00 type: Referral to associated committees announced in Parliament body: EP
  • date: 2017-12-04T00:00:00 type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations body: EP docs: url: http://www.europarl.europa.eu/RegData/commissions/budg/lcag/2017/12-01/BUDG_LA(2017)011231_EN.pdf title: GEDA/A/(2017)011231
  • date: 2017-12-04T00:00:00 type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations body: EP
  • date: 2018-02-07T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20180207&type=CRE title: Debate in Parliament
  • date: 2018-02-08T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=29354&l=en title: Results of vote in Parliament
  • date: 2018-02-08T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0038 title: T8-0038/2018 summary: The European Parliament adopted by 487 votes to 96, with 42 abstentions, on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union. The European Parliament’s position adopted at first reading under the ordinary legislative procedure amended the Commission proposal as follows: Objectives and general principles : two new objectives shall be covered by the EU guarantee: projects addressing root causes of migration and contributing to the long-term economic resilience of refugees, migrants, host and transit communities . A maximum of EUR 1.4 billion (out of EUR 30 billion under a general mandate) and a maximum of EUR 2.3 billion under a private sector lending mandate . EIB financing operations shall also seek to: support small investment projects run by MSMEs , further facilitating the internationalisation of MSMEs, especially in remote rural areas and in particular in the field of drinking water treatment, wastewater disposal and renewable energy; contribute to on the objectives of the Union development cooperation policy, in particular towards reducing poverty through inclusive growth and sustainable economic, environmental and social development; support investment projects predominantly in the areas of transport, energy, environmental infrastructure, information and communication technology, health and education; maintain a high level of climate-related operations, accounting for at least 25% of all EIB financing operations outside the Union; the EIB shall strengthen the climate change adaptation dimension of its contribution to projects in all EIB financing operations under the external lending mandate; ensure full respect for human, labour and social rights, fundamental freedoms and gender mainstreaming; support the public sector, including municipalities and public sector entities, in terms of infrastructure and services, and particularly for health care and with special facilities for children , for sanitation services and school education, to address significantly increased needs. Within the regional ceilings, the EIB shall ensure an adequate country distribution within the regions covered by the EU guarantee, in line with Union external policy priorities. Coverage and conditions of application of the EU guarantee : financing agreements with individual promoters relating to EIB financing operations shall also include appropriate procurement, environmental, climate and social provisions in accordance with the EIB’s own rules and procedures, including requirements to make the EU guarantee and EIB involvement visible to the end beneficiary. EIB assessment and monitoring of investment projects : the EIB shall: require project promoters to carry out local public consultation , in line with Union social and environmental principles, with the relevant national and local stakeholders , as well as with civil society, at project planning stage and implementation stage on social, human rights, gender equality, environmental, economic and development-related aspects of investment projects; ensure that the principle of free prior informed consent is implemented, prior to financing operations affecting land and natural resources. The EIB shall performance indicators in relation to development, environmental and social aspects, including human right and gender equality aspects, of projects funded. Prevention of money laundering, fight against the financing of terrorism, taxation and non-cooperative countries and territories : in its financing operations, the EIB shall not support any project that contributes to money laundering, terrorist financing, tax fraud and tax evasion. The EIB shall not maintain business relations with entities incorporated or established in jurisdictions that do not cooperate with the Union in relation to the application of the internationally agreed tax standards on transparency and exchange of information. The EIB shall provide introduction of country-by-country reporting, public registers of beneficial ownership and a blacklist of non-compliant tax jurisdictions.
  • date: 2018-02-27T00:00:00 type: Act adopted by Council after Parliament's 1st reading body: EP/CSL
  • date: 2018-03-14T00:00:00 type: Final act signed body: CSL
  • date: 2018-03-14T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2018-03-19T00:00:00 type: Final act published in Official Journal summary: PURPOSE: to enable the European Investment Bank (EIB) to contribute to the external investment plan (EIP) by expanding both quantitatively and qualitatively the EIB external lending mandate. LEGISLATIVE ACT: Decision (EU) 2018/412 of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union. CONTENT: this Decision amends Decision No 466/2014/EU in order to increase to EUR 32.3 billion the maximum ceiling of EIB financing operations under the EU guarantee through the period 2014-2020. Of this total, EUR 3.7 billion is earmarked for projects in the public and private sectors aimed at providing a strategic response to the root causes of migration . Within the regional ceilings and over the period covered by this Decision, the EIB shall ensure a country distribution within the regions covered by the EU guarantee, balanced in line with Union external policy priorities. The ceiling for reallocation between the regions by the EIB in the course of the mandate shall be increased from 10 % to 20 %. Objectives and general principles : the EU guarantee shall be granted only for EIB financing operations which have added value on the basis of the EIB's own assessment, and support any of the following general objectives: local private-sector development , in particular support to micro, small and medium-sized enterprises (SMEs); development of social and economic infrastructure , including transport, energy, environmental infrastructure, and information and communication technology; climate change mitigation and adaptation: over the period covered by this Decision, the EIB shall endeavour to sustain a high level of climate-relevant operations, the volume of which shall represent at least 25 % of the total EIB financing operations outside the Union; the long-term economic resilience of refugees , migrants, host and transit communities, and communities of origin as a strategic response to addressing root causes of migration. Assessment of investment projects : the EIB shall require: project promoters to carry out local public consultation , in line with Union social and environmental principles, with the relevant national and local stakeholders, as well as with civil society, at the project-planning and implementation stages on social, human rights, gender equality, environmental, economic and development-related aspects of investment projects covered by the EU guarantee; that the principle of free prior informed consent is implemented prior to financing operations affecting land and natural resources. The EIB shall use performance indicators to measure development, environmental and social aspects, including human rights and gender equality, of the projects financed. Prevention of money laundering, fight against terrorist financing, taxation and non-cooperative jurisdictions : in its financing operations, the EIB shall not support projects that contribute to money laundering, terrorist financing or tax evasion or avoidance. In addition, the EIB shall not enter into new or renewed operations with entities incorporated or established in jurisdictions listed under the relevant Union policy on non-cooperative jurisdictions. Revision of the eligibility list of countries : the Decision amends the lists of eligible regions and countries and potentially eligible regions and countries to exclude high-income regions and countries with high credit ratings, namely Brunei, Chile, Iceland, Israel, Singapore, South Korea and Taiwan. In addition, Iran shall be added to the list of potentially eligible regions and countries. ENTRY INTO FORCE: 8.4.2018. docs: title: Decision 2018/412 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412 title: OJ L 076 19.03.2018, p. 0030 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2018:076:TOC
links
other
  • body: EC dg: url: http://ec.europa.eu/info/departments/economic-and-financial-affairs_en title: Economic and Financial Affairs commissioner: MOSCOVICI Pierre
procedure/Legislative priorities
  • title: Joint Declaration 2018 url: https://oeil.secure.europarl.europa.eu/oeil/popups/thematicnote.do?id=2063000&l=en
  • title: Joint Declaration 2017 url: https://oeil.secure.europarl.europa.eu/oeil/popups/thematicnote.do?id=2062000&l=en
procedure/Modified legal basis
Old
Rules of Procedure EP 150
New
Rules of Procedure EP 159
procedure/Notes
  • 05/04/2017 Decision to enter into interinstitutional negotiations confirmed by plenary (Rule 69c)
procedure/dossier_of_the_committee
Old
BUDG/8/07896
New
  • BUDG/8/07896
procedure/final/url
Old
http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412
New
https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412
procedure/instrument
Old
Decision
New
  • Decision
  • Amending Decision No 466/2014/EU 2013/0152(COD)
procedure/legislative_priorities
    procedure/subject
    Old
    • 6.30.04 Loans to third-countries, Guarantee Fund
    • 8.40.07 European Investment Bank (EIB)
    • 8.70 Budget of the Union
    New
    6.30.04
    Loans to third-countries, Guarantee Fund
    8.40.07
    European Investment Bank (EIB)
    8.70
    Budget of the Union
    procedure/summary
    • Amending Decision No 466/2014/EU
    activities/0/docs/0/celexid
    CELEX:52016PC0583:EN
    activities/8/docs/0
    url
    http://www.europarl.europa.eu/oeil/popups/sda.do?id=29354&l=en
    type
    Results of vote in Parliament
    title
    Results of vote in Parliament
    activities/8/type
    Old
    Decision by Parliament, 1st reading/single reading
    New
    Results of vote in Parliament
    activities/9
    date
    2018-02-27T00:00:00
    body
    CSL
    type
    Council Meeting
    council
    General Affairs
    meeting_id
    3599
    activities/11
    date
    2018-03-14T00:00:00
    body
    CSL
    type
    Final act signed
    activities/12
    date
    2018-03-14T00:00:00
    body
    EP
    type
    End of procedure in Parliament
    activities/13
    date
    2018-03-19T00:00:00
    text

    PURPOSE: to enable the European Investment Bank (EIB) to contribute to the external investment plan (EIP) by expanding both quantitatively and qualitatively the EIB external lending mandate.

    LEGISLATIVE ACT: Decision (EU) 2018/412 of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union.

    CONTENT: this Decision amends Decision No 466/2014/EU in order to increase to EUR 32.3 billion the maximum ceiling of EIB financing operations under the EU guarantee through the period 2014-2020. Of this total, EUR 3.7 billion is earmarked for projects in the public and private sectors aimed at providing a strategic response to the root causes of migration.

    Within the regional ceilings and over the period covered by this Decision, the EIB shall ensure a country distribution within the regions covered by the EU guarantee, balanced in line with Union external policy priorities. The ceiling for reallocation between the regions by the EIB in the course of the mandate shall be increased from 10 % to 20 %.

    Objectives and general principles: the EU guarantee shall be granted only for EIB financing operations which have added value on the basis of the EIB's own assessment, and support any of the following general objectives:

    • local private-sector development, in particular support to micro, small and medium-sized enterprises (SMEs);
    • development of social and economic infrastructure, including transport, energy, environmental infrastructure, and information and communication technology;
    • climate change mitigation and adaptation: over the period covered by this Decision, the EIB shall endeavour to sustain a high level of climate-relevant operations, the volume of which shall represent at least 25 % of the total EIB financing operations outside the Union;
    • the long-term economic resilience of refugees, migrants, host and transit communities, and communities of origin as a strategic response to addressing root causes of migration.

    Assessment of investment projects: the EIB shall require:

    • project promoters to carry out local public consultation, in line with Union social and environmental principles, with the relevant national and local stakeholders, as well as with civil society, at the project-planning and implementation stages on social, human rights, gender equality, environmental, economic and development-related aspects of investment projects covered by the EU guarantee;
    • that the principle of free prior informed consent is implemented prior to financing operations affecting land and natural resources.

    The EIB shall use performance indicators to measure development, environmental and social aspects, including human rights and gender equality, of the projects financed.

    Prevention of money laundering, fight against terrorist financing, taxation and non-cooperative jurisdictions: in its financing operations, the EIB shall not support projects that contribute to money laundering, terrorist financing or tax evasion or avoidance.

    In addition, the EIB shall not enter into new or renewed operations with entities incorporated or established in jurisdictions listed under the relevant Union policy on non-cooperative jurisdictions.

    Revision of the eligibility list of countries: the Decision amends the lists of eligible regions and countries and potentially eligible regions and countries to exclude high-income regions and countries with high credit ratings, namely Brunei, Chile, Iceland, Israel, Singapore, South Korea and Taiwan. In addition, Iran shall be added to the list of potentially eligible regions and countries.

    ENTRY INTO FORCE: 8.4.2018.

    type
    Final act published in Official Journal
    docs
    procedure/Modified legal basis
    Old
    Rules of Procedure of the European Parliament EP 150
    New
    Rules of Procedure EP 150
    procedure/final
    url
    http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412
    title
    Decision 2018/412
    procedure/stage_reached
    Old
    Awaiting signature of act
    New
    Procedure completed
    procedure/subject/1
    Old
    8.40.07 European Investment Bank
    New
    8.40.07 European Investment Bank (EIB)
    activities/0
    date
    2016-09-14T00:00:00
    docs
    url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0583 title: COM(2016)0583 type: Legislative proposal published celexid: CELEX:52016PC0583:EN
    body
    EC
    commission
    DG: url: http://ec.europa.eu/info/departments/economic-and-financial-affairs_en title: Economic and Financial Affairs Commissioner: MOSCOVICI Pierre
    type
    Legislative proposal published
    activities/0/body
    Old
    CSL
    New
    EC
    activities/0/commission
    • DG: url: http://ec.europa.eu/info/departments/economic-and-financial-affairs_en title: Economic and Financial Affairs Commissioner: MOSCOVICI Pierre
    activities/0/date
    Old
    2018-03-14T00:00:00
    New
    2016-09-14T00:00:00
    activities/0/docs
    • url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0583 type: Legislative proposal published title: COM(2016)0583
    activities/0/type
    Old
    Final act signed
    New
    Legislative proposal published
    activities/2
    date
    2017-03-27T00:00:00
    body
    unknown
    type
    Committee decision to open interinstitutional negotiations with report adopted in committee
    activities/2/body
    unknown
    activities/2/date
    Old
    2018-03-19T00:00:00
    New
    2017-03-27T00:00:00
    activities/2/docs
    • url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412 title: Decision 2018/412
    • url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2018:076:TOC title: OJ L 076 19.03.2018, p. 0030
    activities/2/type
    Old
    Final act published in Official Journal
    New
    Committee decision to open interinstitutional negotiations with report adopted in committee
    activities/8/docs/0
    url
    http://www.europarl.europa.eu/oeil/popups/sda.do?id=29354&l=en
    type
    Results of vote in Parliament
    title
    Results of vote in Parliament
    activities/8/type
    Old
    Results of vote in Parliament
    New
    Decision by Parliament, 1st reading/single reading
    activities/11
    date
    2018-03-14T00:00:00
    body
    EP
    type
    End of procedure in Parliament
    procedure/Modified legal basis
    Old
    Rules of Procedure EP 150
    New
    Rules of Procedure of the European Parliament EP 150
    procedure/final
    url
    http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412
    title
    Decision 2018/412
    procedure/stage_reached
    Old
    Procedure completed
    New
    Awaiting signature of act
    activities/12
    date
    2018-03-19T00:00:00
    docs
    type
    Final act published in Official Journal
    procedure/final
    url
    http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018D0412
    title
    Decision 2018/412
    procedure/stage_reached
    Old
    Procedure completed, awaiting publication in Official Journal
    New
    Procedure completed
    activities/11
    date
    2018-03-14T00:00:00
    body
    EP
    type
    End of procedure in Parliament
    activities/10
    date
    2018-03-14T00:00:00
    body
    CSL
    type
    Final act signed
    procedure/stage_reached
    Old
    Awaiting signature of act
    New
    Procedure completed, awaiting publication in Official Journal
    procedure/Modified legal basis
    Old
    Rules of Procedure of the European Parliament EP 150
    New
    Rules of Procedure EP 150
    activities/8/docs/0
    url
    http://www.europarl.europa.eu/oeil/popups/sda.do?id=29354&l=en
    type
    Results of vote in Parliament
    title
    Results of vote in Parliament
    activities/8/type
    Old
    Decision by Parliament, 1st reading/single reading
    New
    Results of vote in Parliament
    activities/0/docs/0/celexid
    CELEX:52016PC0583:EN
    activities/0/docs/0/celexid
    CELEX:52016PC0583:EN
    activities/9
    date
    2018-02-27T00:00:00
    body
    EP/CSL
    type
    Act adopted by Council after Parliament's 1st reading
    procedure/stage_reached
    Old
    Awaiting Council 1st reading position / budgetary conciliation convocation
    New
    Awaiting signature of act
    activities/8/docs/0/text
    • The European Parliament adopted by 487 votes to 96, with 42 abstentions, on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union.

      The European Parliament’s position adopted at first reading under the ordinary legislative procedure amended the Commission proposal as follows:

      Objectives and general principles: two new objectives shall be covered by the EU guarantee:

      • projects addressing root causes of migration and contributing to the long-term economic resilience of refugees, migrants, host and transit communities. A maximum of EUR 1.4 billion (out of EUR 30 billion under a general mandate) and a maximum of EUR 2.3 billion under a private sector lending mandate.

      EIB financing operations shall also seek to:

      support small investment projects run by MSMEs, further facilitating the internationalisation of MSMEs, especially in remote rural areas and in particular in the field of drinking water treatment, wastewater disposal and renewable energy;

      • contribute to on the objectives of the Union development cooperation policy, in particular towards reducing poverty through inclusive growth and sustainable economic, environmental and social development;
      • support investment projects predominantly in the areas of transport, energy, environmental infrastructure, information and communication technology, health and education;
      • maintain a high level of climate-related operations, accounting for at least 25% of all EIB financing operations outside the Union; the EIB shall strengthen the climate change adaptation dimension of its contribution to projects in all EIB financing operations under the external lending mandate;
      • ensure full respect for human, labour and social rights, fundamental freedoms and gender mainstreaming;
      • support the public sector, including municipalities and public sector entities, in terms of infrastructure and services, and particularly for health care and with special facilities for children, for sanitation services and school education, to address significantly increased needs.

      Within the regional ceilings, the EIB shall ensure an adequate country distribution within the regions covered by the EU guarantee, in line with Union external policy priorities.

      Coverage and conditions of application of the EU guarantee: financing agreements with individual promoters relating to EIB financing operations shall also include appropriate procurement, environmental, climate and social provisions in accordance with the EIB’s own rules and procedures, including requirements to make the EU guarantee and EIB involvement visible to the end beneficiary.

      EIB assessment and monitoring of investment projects: the EIB shall:

      • require project promoters to carry out local public consultation, in line with Union social and environmental principles, with the relevant national and local stakeholders, as well as with civil society, at project planning stage and implementation stage on social, human rights, gender equality, environmental, economic and development-related aspects of investment projects;
      • ensure that the principle of free prior informed consent is implemented, prior to financing operations affecting land and natural resources.

      The EIB shall performance indicators in relation to development, environmental and social aspects, including human right and gender equality aspects, of projects funded.

      Prevention of money laundering, fight against the financing of terrorism, taxation and non-cooperative countries and territories: in its financing operations, the EIB shall not support any project that contributes to money laundering, terrorist financing, tax fraud and tax evasion.

      The EIB shall not maintain business relations with entities incorporated or established in jurisdictions that do not cooperate with the Union in relation to the application of the internationally agreed tax standards on transparency and exchange of information. 

      The EIB shall provide introduction of country-by-country reporting, public registers of beneficial ownership and a blacklist of non-compliant tax jurisdictions.

    activities/6/docs/0
    type
    Approval in committee of the text agreed at 1st reading interinstitutional negotiations
    title
    PE615.382 PE615.383
    activities/6/docs/1/title
    Old
    GEDA/A/(2017)011231
    New
    PE615.382 GEDA/A/(2017)011231
    activities/7/docs
    • url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20180207&type=CRE type: Debate in Parliament title: Debate in Parliament
    activities/7/type
    Old
    Debate in plenary scheduled
    New
    Debate in Parliament
    activities/8/docs
    • url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0038 type: Decision by Parliament, 1st reading/single reading title: T8-0038/2018
    activities/8/type
    Old
    Vote in plenary scheduled
    New
    Decision by Parliament, 1st reading/single reading
    procedure/stage_reached
    Old
    Awaiting Parliament 1st reading / single reading / budget 1st stage
    New
    Awaiting Council 1st reading position / budgetary conciliation convocation
    activities/1/committees/1/shadows/2/mepref
    Old
    53b2de42b819f205b00000e8
    New
    5657b0f2d1d1c53e12000000
    activities/1/committees/1/shadows/2/name
    Old
    NÍ RIADA Liadh
    New
    BENITO ZILUAGA Xabier
    activities/3/committees/1/shadows/2/mepref
    Old
    53b2de42b819f205b00000e8
    New
    5657b0f2d1d1c53e12000000
    activities/3/committees/1/shadows/2/name
    Old
    NÍ RIADA Liadh
    New
    BENITO ZILUAGA Xabier
    activities/4/committees/1/shadows/2/mepref
    Old
    53b2de42b819f205b00000e8
    New
    5657b0f2d1d1c53e12000000
    activities/4/committees/1/shadows/2/name
    Old
    NÍ RIADA Liadh
    New
    BENITO ZILUAGA Xabier
    committees/1/shadows/2/mepref
    Old
    53b2de42b819f205b00000e8
    New
    5657b0f2d1d1c53e12000000
    committees/1/shadows/2/name
    Old
    NÍ RIADA Liadh
    New
    BENITO ZILUAGA Xabier
    activities/7/date
    Old
    2018-02-06T00:00:00
    New
    2018-02-07T00:00:00
    activities/7/type
    Old
    Indicative plenary sitting date, 1st reading/single reading
    New
    Debate in plenary scheduled
    activities/8
    date
    2018-02-08T00:00:00
    body
    EP
    type
    Vote in plenary scheduled
    activities/6/docs/0/title
    Old
    GEDA/T/(2017)011231
    New
    GEDA/A/(2017)011231
    activities/0/docs/0/celexid
    CELEX:52016PC0583:EN
    activities/0/docs/0/celexid
    CELEX:52016PC0583:EN
    activities/6/docs/0/url
    http://www.europarl.europa.eu/RegData/commissions/budg/lcag/2017/12-01/BUDG_LA(2017)011231_EN.pdf
    activities/6
    date
    2017-12-04T00:00:00
    docs
    type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations title: GEDA/T/(2017)011231
    body
    unknown
    type
    Approval in committee of the text agreed at 1st reading interinstitutional negotiations
    activities/6/date
    Old
    2018-01-15T00:00:00
    New
    2018-02-06T00:00:00
    activities/6/date
    Old
    2017-12-12T00:00:00
    New
    2018-01-15T00:00:00
    activities/6/date
    Old
    2017-10-24T00:00:00
    New
    2017-12-12T00:00:00
    activities/6/date
    Old
    2017-10-02T00:00:00
    New
    2017-10-24T00:00:00
    procedure/legislative_priorities
      activities/6/date
      Old
      2017-09-12T00:00:00
      New
      2017-10-02T00:00:00
      activities/4/docs/0/text
      • The Committee on Budgets adopted the report by Eider GARDIAZABAL RUBIAL (S&D, ES) on the proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union.

        The Committee on Development, exercising its prerogative as an associated committee in accordance with Article 54 of the Rules of Procedure, also gave its opinion on the report.

        The committee recommended that the European Parliament’s position, adopted at first reading following the ordinary legislative procedure, should amend the Commission proposal as follows:

        Ceiling for EIB financing operations: the maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall include:

        • a maximum amount of EUR 36 170 000 000  (instead of 30 000 000 000) under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to addressing the root causes of migration and the needs of refugees, migrants, transit and host communities;
        • a maximum amount of EUR 2 300 000 000 under a private sector lending mandate.

        In the framework of regional ceilings, the EIB shall ensure an adequate country distribution within the regions covered by the EU guarantee, in line with Union external policy priorities.

        EU Guarantee: EIB financing operations shall support the long-term economic resilience of refugees, migrants, host and transit communities as a strategic response to addressing root causes of migration including, but not limited to, poverty, inequality, demographic growth, lack of employment and economic opportunities, and climate change.

        EIB financing operations shall:

        • seek to strongly support small investment projects run by micro, small and medium-sized enterprises (MSMEs), further facilitating the internationalisation of MSMEs, especially in remote rural areas and in particular in the field of drinking water treatment, wastewater disposal as well as renewable energy;
        • endeavour to sustain a high level of climate-relevant operations, the volume of which shall represent at least 25 % of the total EIB financing operations outside the Union, gradually increasing this target to at least 35 % by 2020;
        • integrate concrete actions to step up efforts to support renewable energy sources and energy efficiency;
        • strengthen, with respect to the Sustainable Development Goals (SDGs), humanitarian action and support for creation of decent jobs, while ensuring the full respect of human, labour and social rights, fundamental freedoms and gender mainstreaming;
        • support the public sector, in terms of infrastructure and services, and in particular health care and special facilities for children, sanitation services and school education.

        The EIB shall ensure that: (i) local civil society is sufficiently well informed about planned and ongoing operations; (ii) ensure that the principle of free prior informed consent is implemented, prior to financing operations affecting land and natural resources.

        Assessment and monitoring by the EIB of investment projects: Members called for the results of monitoring to be disclosed. The EIB shall use performance indicators in relation to development, environmental and social aspects, including human right and gender equality aspects, of projects funded.

        The European Parliament may, on the basis of the yearly reports, draw up recommendations to the EIB concerning ongoing projects.

        Non-cooperative jurisdictions: in its financing operations, the EIB shall comply with relevant standards and applicable legislation on the prevention of money laundering, and the fight against terrorism, tax fraud and tax evasion. It shall not make use of or engage in tax avoidance structures and shall not maintain business relations with entities incorporated or established in jurisdictions that do not cooperate with the Union in relation to the application of the internationally agreed tax standards.

      activities/1/committees/1/shadows/4/group
      Old
      EFD
      New
      ENF
      activities/1/committees/1/shadows/4/mepref
      Old
      53ba8254b819f24b330001a9
      New
      53ba83bfb819f24b330001d1
      activities/1/committees/1/shadows/4/name
      Old
      VALLI Marco
      New
      ZANNI Marco
      activities/3/committees/1/shadows/4/group
      Old
      EFD
      New
      ENF
      activities/3/committees/1/shadows/4/mepref
      Old
      53ba8254b819f24b330001a9
      New
      53ba83bfb819f24b330001d1
      activities/3/committees/1/shadows/4/name
      Old
      VALLI Marco
      New
      ZANNI Marco
      activities/4/committees/1/shadows/4/group
      Old
      EFD
      New
      ENF
      activities/4/committees/1/shadows/4/mepref
      Old
      53ba8254b819f24b330001a9
      New
      53ba83bfb819f24b330001d1
      activities/4/committees/1/shadows/4/name
      Old
      VALLI Marco
      New
      ZANNI Marco
      committees/1/shadows/4/group
      Old
      EFD
      New
      ENF
      committees/1/shadows/4/mepref
      Old
      53ba8254b819f24b330001a9
      New
      53ba83bfb819f24b330001d1
      committees/1/shadows/4/name
      Old
      VALLI Marco
      New
      ZANNI Marco
      activities/5
      date
      2017-04-06T00:00:00
      body
      EP
      type
      Referral to associated committees announced in Parliament
      activities/1/committees/1/shadows/4/group
      Old
      ENF
      New
      EFD
      activities/1/committees/1/shadows/4/mepref
      Old
      53ba83bfb819f24b330001d1
      New
      53ba8254b819f24b330001a9
      activities/1/committees/1/shadows/4/name
      Old
      ZANNI Marco
      New
      VALLI Marco
      activities/3/committees/1/shadows/4/group
      Old
      ENF
      New
      EFD
      activities/3/committees/1/shadows/4/mepref
      Old
      53ba83bfb819f24b330001d1
      New
      53ba8254b819f24b330001a9
      activities/3/committees/1/shadows/4/name
      Old
      ZANNI Marco
      New
      VALLI Marco
      activities/4
      date
      2017-03-31T00:00:00
      docs
      url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0135&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A8-0135/2017
      body
      EP
      committees
      type
      Committee report tabled for plenary, 1st reading/single reading
      committees/1/shadows/4/group
      Old
      ENF
      New
      EFD
      committees/1/shadows/4/mepref
      Old
      53ba83bfb819f24b330001d1
      New
      53ba8254b819f24b330001a9
      committees/1/shadows/4/name
      Old
      ZANNI Marco
      New
      VALLI Marco
      procedure/stage_reached
      Old
      Awaiting committee decision
      New
      Awaiting Parliament 1st reading / single reading / budget 1st stage
      activities/2
      date
      2017-03-27T00:00:00
      body
      unknown
      type
      Committee decision to open interinstitutional negotiations with report adopted in committee
      activities/3
      date
      2017-03-27T00:00:00
      body
      EP
      type
      Vote in committee, 1st reading/single reading
      committees
      procedure/Modified legal basis
      Rules of Procedure of the European Parliament EP 150
      activities/1/committees/1/committee_full
      Old
      Budgets
      New
      Budgets (Associated committee)
      activities/1/committees/2/committee_full
      Old
      Development
      New
      Development (Associated committee)
      committees/1/committee_full
      Old
      Budgets
      New
      Budgets (Associated committee)
      committees/2/committee_full
      Old
      Development
      New
      Development (Associated committee)
      activities/2
      date
      2017-09-12T00:00:00
      body
      EP
      type
      Indicative plenary sitting date, 1st reading/single reading
      activities/1/committees/1/shadows/1/mepref
      Old
      53b2d725b819f205b0000012
      New
      51ec5a64b819f25752000166
      activities/1/committees/1/shadows/1/name
      Old
      ARTHUIS Jean
      New
      DEPREZ Gérard
      committees/1/shadows/1/mepref
      Old
      53b2d725b819f205b0000012
      New
      51ec5a64b819f25752000166
      committees/1/shadows/1/name
      Old
      ARTHUIS Jean
      New
      DEPREZ Gérard
      activities/1/committees/1/shadows/0
      group
      EPP
      name
      MUREŞAN Siegfried
      activities/1/committees/1/shadows/1
      group
      ALDE
      name
      ARTHUIS Jean
      activities/1/committees/1/shadows/3
      group
      Verts/ALE
      name
      HAUTALA Heidi
      activities/1/committees/1/shadows/4
      group
      ENF
      name
      ZANNI Marco
      committees/1/shadows/0
      group
      EPP
      name
      MUREŞAN Siegfried
      committees/1/shadows/1
      group
      ALDE
      name
      ARTHUIS Jean
      committees/1/shadows/3
      group
      Verts/ALE
      name
      HAUTALA Heidi
      committees/1/shadows/4
      group
      ENF
      name
      ZANNI Marco
      activities/0/commission/0/DG/url
      Old
      http://ec.europa.eu/dgs/economy_finance/index_en.htm
      New
      http://ec.europa.eu/info/departments/economic-and-financial-affairs_en
      other/0/dg/url
      Old
      http://ec.europa.eu/dgs/economy_finance/index_en.htm
      New
      http://ec.europa.eu/info/departments/economic-and-financial-affairs_en
      activities/1/committees/2/date
      2016-12-16T00:00:00
      activities/1/committees/2/rapporteur
      • group: ECR name: DEVA Nirj
      committees/2/date
      2016-12-16T00:00:00
      committees/2/rapporteur
      • group: ECR name: DEVA Nirj
      activities/1/committees/1/shadows
      • group: GUE/NGL name: NÍ RIADA Liadh
      committees/1/shadows
      • group: GUE/NGL name: NÍ RIADA Liadh
      activities/1/committees/0/date
      2016-12-02T00:00:00
      activities/1/committees/0/rapporteur
      • group: EPP name: KUKAN Eduard
      committees/0/date
      2016-12-02T00:00:00
      committees/0/rapporteur
      • group: EPP name: KUKAN Eduard
      activities/1/committees/5/date
      2016-10-12T00:00:00
      activities/1/committees/5/rapporteur
      • group: EPP name: CICU Salvatore
      committees/5/date
      2016-10-12T00:00:00
      committees/5/rapporteur
      • group: EPP name: CICU Salvatore
      activities/1/committees/4/date
      2016-10-13T00:00:00
      activities/1/committees/4/rapporteur
      • group: EPP name: PATRICIELLO Aldo
      committees/4/date
      2016-10-13T00:00:00
      committees/4/rapporteur
      • group: EPP name: PATRICIELLO Aldo
      activities/0/docs/0/text
      • PURPOSE: to amend Decision No 466/2014/EU in order to enable the European Investment Bank (EIB) to contribute to the external investment plan (EIP) by expanding both quantitatively and qualitatively the EIB external lending mandate.

        PROPOSED ACT: Decision of the European Parliament and of the Council.

        ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with Council.

        BACKGROUND: the international community faces an unprecedented refugee crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. The proposal forms part of the external investment plan ("EIP") announced in the Commission communication of 7 June 2016 on establishing a new partnership framework with third countries under the European agenda on migration. On 28 June 2016, the European Council endorsed the EIP initiative, which aims to address root causes of migration, while contributing to the achievement of sustainable development goals.

        Based on EIB's forecasts for lending in the region for the entire period of the Mandate, the

        Commission sees difficulties in ensuring the continuation of EIB external financing under the EU guarantee for the remainder of the current financial perspectives 2014-2020. Moreover, considering the risk grading of the countries concerned (e.g. in the Eastern Neighbourhood), there are limited possibilities in relying on EIB own risk facilities.

        By amending Decision No 466/2014/EU of the European Parliament and of the Council, the proposal aims to enable the European Investment Bank (EIB) to contribute to the EIP by expanding both quantitatively and qualitatively the EIB external lending mandate. This will enable the EIB to rapidly contribute to the EIP's objectives, in particular by providing additional financing to private-sector beneficiaries.

        IMPACT ASSESSMENT: in the context of the preparation of the Decision, the Commission completed an impact assessment. This proposal does not contain a separate impact assessment, the scope of the proposed amendments to the Decision being mainly limited to the extension of the guarantee and to the increase of the ceilings set out in the Decision.

        CONTENT : the main amendments to Decision No 466/2014/EU proposed by the Commission are as follows:

        • Addition of a new objective: it is proposed to add a new horizontal high-level objective addressing root causes of migration.
        • Extension of the EU Guarantee and raising the ceilings: in order that the external lending mandate might meet the forthcoming challenges and respond to Union priorities, and in order to ensure a strategic response addressing root causes of migration, the proposal provides that the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32. 3 billion by releasing the optional additional amount of EUR 3 billion in the current Decision. This ceiling consists of:

        -          (a) a maximum total of EUR 30 billion, under the general mandate, out of which the amount of EUR 1.4 billion should be earmarked for projects in the public sector directed to refugees and host communities. That amount of EUR 1.4 billion will be distributed between the regions of Pre-accession countries and Mediterranean countries;

        -          (b) an overall amount of EUR 2.3 billion for EIB financing operations to private sector applicable to projects in support of refugees and/or host communities. The coverage of the EU guarantee for these operations is extended to all payments due to the EIB, but not received by it (‘comprehensive guarantee’), rather than only the political risk guarantee as is currently the case under the Decision. The EU Comprehensive Guarantee related to that new mandate will be priced. Revenues will be paid to the Guarantee Fund for external actions.

        • Increased flexibility for the EIB to switch amounts under the regional ceiling allocations: the ceiling for reallocation between the regions is being increased from 10% to 20% where it concerns the need to address urgencies and crisis situations that might arise during the mandate period and which are recognised as high EU external policy priorities. The reallocation is not applicable for the EUR 2.3 billion related to the private sector mandate and for the EUR 1.4 billion related to public sector projects addressing root causes of migration.
        • Amendment of the list of eligible countries:  high-income and high-investment grade countries such as Brunei, Iceland, Israel, Singapore, Chile and South Korea are removed from the list of eligible countries, as well as China's Special Administrative Regions (SAR) Hong Kong and Macao. In addition, Iran is added to the list of potentially eligible regions and countries (in Annex II of the Decision).
        • Climate change: a reference to the Paris agreement adopted under the UN Framework Convention on Climate Change is introduced. The volume of EIB operations for climate change mitigation and adaptation should contribute to stepping up the proportion of EIB lending in support of climate-related investment in developing countries from 25% to 35% by 2020.
        • Results measurement framework: the EIB will develop and implement indicators for projects providing strategic response addressing root causes of migration. In the context of the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations, an assessment of the impact of EIB financing operations of this strategic response is included.

        BUDGETARY IMPLICATIONS: the guarantee fund for external actions, established by Council Regulation (EC, Euratom) No 480/2009 provides a liquidity cushion for the Union budget against losses incurred on EIB financing operations and other Union external action, i.e. macro financial assistance loans and Euratom loans. The EIB mandate represents about 90% of the portfolio covered by the Guarantee Fund.

        The additional budgetary needs for the provisioning of the Guarantee Fund linked to the increase of the overall ceiling of the mandate will be financed from EU budget line 01 03 06 (provisioning of the Guarantee Fund). The provisioning will be financed within the Multiannual Financial Framework.

        Over the current Multiannual Financial Framework, the additional budgetary needs should be limited to EUR 115 million over the period 2018 – 2020 on the basis of the annual forecasts of disbursements and reimbursements of EIB loans. A part of the loans signed under the current EIB mandate will be disbursed and repaid beyond 2020.

        The EU guarantee covering the EIB financing operations under the private sector lending mandate will be priced. The risk premium revenues originating from EIB financing operations under the private sector lending mandate will be paid to the Guarantee Fund in order to cover the commercial risk.

      activities/1/committees/1/date
      2016-10-10T00:00:00
      activities/1/committees/1/rapporteur
      • group: S&D name: GARDIAZABAL RUBIAL Eider
      committees/1/date
      2016-10-10T00:00:00
      committees/1/rapporteur
      • group: S&D name: GARDIAZABAL RUBIAL Eider
      activities/1
      date
      2016-10-06T00:00:00
      body
      EP
      type
      Committee referral announced in Parliament, 1st reading/single reading
      committees
      procedure/dossier_of_the_committee
      BUDG/8/07896
      procedure/stage_reached
      Old
      Preparatory phase in Parliament
      New
      Awaiting committee decision
      activities
      • date: 2016-09-14T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0583 title: COM(2016)0583 type: Legislative proposal published celexid: CELEX:52016PC0583:EN body: EC commission: DG: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs Commissioner: MOSCOVICI Pierre type: Legislative proposal published
      committees
      • body: EP responsible: False committee_full: Foreign Affairs committee: AFET
      • body: EP responsible: True committee_full: Budgets committee: BUDG
      • body: EP responsible: False committee_full: Development committee: DEVE
      • body: EP responsible: False committee_full: Economic and Monetary Affairs committee: ECON
      • body: EP responsible: False committee_full: Environment, Public Health and Food Safety committee: ENVI
      • body: EP responsible: False committee_full: International Trade committee: INTA
      links
      other
      • body: EC dg: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs commissioner: MOSCOVICI Pierre
      procedure
      reference
      2016/0275(COD)
      subtype
      Legislation
      title
      EU guarantee to the European Investment Bank (EIB) against losses under financing operations supporting investment projects outside the Union: ceilings for EIB financing operations
      stage_reached
      Preparatory phase in Parliament
      summary
      Amending Decision No 466/2014/EU
      instrument
      Decision
      type
      COD - Ordinary legislative procedure (ex-codecision procedure)
      subject