BETA


2018/2151(INI) Annual report on the control of the financial activities of the EIB

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead CONT PIRINSKI Georgi (icon: S&D S&D) DEUTSCH Tamás (icon: PPE PPE), ALI Nedzhmi (icon: ALDE ALDE), TARAND Indrek (icon: Verts/ALE Verts/ALE), VALLI Marco (icon: EFDD EFDD)
Committee Opinion INTA (THE EARL OF) DARTMOUTH William (icon: EFDD EFDD) Alessia Maria MOSCA (icon: S&D S&D), Adam SZEJNFELD (icon: PPE PPE)
Lead committee dossier:
Legal Basis:
RoP 54

Events

2019/01/17
   EP - Results of vote in Parliament
2019/01/17
   EP - Decision by Parliament
Details

The European Parliament adopted by 498 votes to 87 with 38 abstentions, a resolution on the Annual Report 2017 on the control of the financial activities of the EIB.

Members noted that the EIB is at the heart of economic recovery efforts at Union level, with two successive capital increases and through its pivotal role in implementing the Investment Plan for Europe via the management of the European Fund for Strategic Investments (EFSI).

A value-adding strategic public investment

Public investment is still necessary in order to close the investment gaps in various sectors remaining below the pre-crisis levels in most vulnerable member states and cohesion countries.

Accordingly, Members considered that the EIB has a relevant financial role, which can bring considerable results in reduction of inequalities in the Union. They called on the EIB to continue bridging recurrent investment gaps and ongoing structural market failures through designing holistic and mid-long term spending.

EIB’s lending conditions should facilitate the development of the EU’s peripheral regions by promoting growth and employment. The Bank was asked to greatly strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval.

In the framework of Brexit, the resolution stressed that detailed arrangements for all the UK’s obligations towards the EIB must be drawn up in order to ensure that the EIB’s ability to achieve its objectives is not affected.

Driving investment in key strategic areas

Half of the Member States received 80% of the total EIB investment inside the EU while the other 14 Member States received only 10% of this investment. Furthermore, three Member States individually received 16%, 15% and 11% respectively. Members asked the Bank to include in its reporting breakdown information about its investment in low income and high-income regions and examine again its estimates of per capita investments and the ranking of Member States.

They called on the EIB to aim to become a climate action leader and to increase investment in the renewable energy and energy efficiency sector. Parliament noted that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020, a trend that should be should be assessed positively. It welcomed the EIB's commitment to align its operations with the 2015 Paris Agreement by 2020. It encouraged the EIB to:

-increase investment in the renewable energy and energy efficiency sector, as well as to consider that goal as a priority in the revision of its energy lending criteria;

-strengthen its presence and activities in the Western Balkan countries, as they are strategically important for the EU;

-bridge SME’s lack of access to credit by enhancing existing programmes, such as the European Progress Microfinance Facility, and by increasing the funding allocated to them.

Performance of the EIB’s financial operations

Parliament reiterated their call for the EIB to produce a more comprehensive, detailed and harmonised annual activity report. The report should include detailed and trustworthy breakdowns of the investments approved, signed and disbursed for the given year and the financing sources engaged (own resources, EFSI, EU centrally managed programmes, etc.), as well as such information regarding beneficiaries (Member States, public or private sector, intermediaries or direct recipients), sectors supported, and the results of the ex post evaluations.

EFSI development

Parliament noted that the EIB Group (EIB and EIF) has seen a marked change in the nature, volume, risk profile and complexity of its business over recent years under the European Fund for Strategic Investment (‘EFSI’), with a trend towards an increasing number of smaller operations backed by the EU guarantee under EFSI, and a significant increase of mandates under management on behalf of the Commission and in the provision of advisory services. As at the end of 2017, the EIB group had signed 606 operations under EFSI for a total financing of EUR 37.4 billion to mobilise investments of EUR 207.3 billion in all 28 Member States.

Human Rights

The EIB was asked to establish a Human Rights Strategy and to set up an effective mechanism whereby human rights defenders could safely alert the bank about deteriorating environment or risks of conflict and reprisal.

Enhancing transparency and accountability in EIB corporate governance

Parliament called on the EIB to: (i) extend the information published for projects implemented through intermediaries by including information on final projects; (ii) disclose, on its own website, beneficial ownership data relating to its clients in order to increase the visibility of its operations and help prevent cases of corruption and conflict of interest; (iii) include a EU standard provision on good governance in tax matters for agreements with third countries; (iv) adopt responsible taxation policy ensuring that the EIB does not finance clients involved in tax avoidance and tax evasion schemes or operating via tax havens.

European Parliament scrutiny

Parliament supported the European Court of Auditors’ position that the Court should be mandated to audit all EIB operations including those where the EIB uses non-EU budget funds for its operations. It also suggested that it should organise an annual workshop/hearing on activities and control of the EIB operations.

the EIB was asked to report on the state of play of the previous recommendations issued by Parliament in its annual resolutions, especially as regards: (i) the impact of its lending activities and results achieved; (ii) prevention of conflict of interests especially of the members of the EFSI Investment Committee and the EIB Board of Directors and provision of more stringent rules on conflicts of interest in the relevant Code of Conducts and especially of that of the Management Board and the Board of Directors; (iii) transparency and disclosure of information on contracting and subcontracting system concerning intermediaries and final recipients in relation to prevention of tax avoidance, fraud and corruption.

Documents
2019/01/17
   EP - End of procedure in Parliament
2019/01/16
   EP - Debate in Parliament
2018/12/20
   EP - Committee report tabled for plenary
Details

The Committee on Budgetary Control adopted the own-initiative report by Georgi PIRINSKI (S&D, BG) on the Annual Report 2017 on the control of the financial activities of the EIB.

Members noted that the EIB is at the heart of economic recovery efforts at Union level, and its role in leveraging public money is essential for the capacity of the Union to adapt to new economic and environmental trends and geopolitical uncertainties.

The role of the EIB for ensuring a value-adding strategic public investment : the report considered that the EIB has a relevant financial role, which can bring considerable results in reduction of inequalities in the Union, and it called on the EIB to continue bridging recurrent investment gaps and ongoing structural market failures through designing holistic and mid-long term spending. Members felt that the EIB’s lending conditions should facilitate the development of the EU’s peripheral regions by promoting growth and employment. The Bank was asked to greatly strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval.

In the framework of Brexit, the report stressed that detailed arrangements for all the UK’s obligations towards the EIB must be drawn up in order to ensure that the EIB’s ability to achieve its objectives is not affected.

Driving investment in key strategic areas : the committee was concerned that half of the Member States received 80% of the total EIB investment inside the EU while the other 14 Member States received only 10% of this investment. Furthermore, three Member States individually received 16%, 15% and 11% respectively. Members asked the Bank to include in its reporting breakdown information about its investment in low income and high income regions according to its own Investment Survey (EIBIS) and with regard to the potential effect for overcoming investment gaps and barriers in less favourable regions in the EU.

They called on the EIB to aim to become a climate action leader and to increase investment in the renewable energy and energy efficiency sector. The report noted that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020, a trend that should be should be assessed positively. It welcomed the EIB's commitment to align its operations with the 2015 Paris Agreement by 2020. It encouraged the EIB to:

- strengthen its presence and activities in the Western Balkan countries, as they are strategically important for the EU;

- bridge SME’s lack of access to credit by enhancing existing programmes, such as the European Progress Microfinance Facility, and by increasing the funding allocated to them.

Performance of the EIB’s financial operations : Members reiterated their call for the EIB to produce a more comprehensive, detailed and harmonised annual activity report. The report should include detailed and trustworthy breakdowns of the investments approved , signed and disbursed for the given year and the financing sources engaged (own resources, EFSI, EU centrally managed programmes, etc.), as well as such information regarding beneficiaries (Member States, public or private sector, intermediaries or direct recipients), sectors supported, and the results of the ex post evaluations.

EFSI development : Members noted that the EIB Group (EIB and EIF) has seen a marked change in the nature, volume, risk profile and complexity of its business over recent years under the European Fund for Strategic Investment (‘EFSI’), with; (i) a trend towards an increasing number of smaller operations backed by the EU guarantee under EFSI, (ii) a significant increase of mandates under management on behalf of the Commission and in the provision of advisory services. As at the end of 2017, the EIB group had signed 606 operations under EFSI for a total financing of EUR 37.4 billion to mobilise investments of EUR 207.3 billion in all 28 Member States.

Human Rights : the EIB was asked to establish a Human Rights Strategy and to set up an effective mechanism whereby human rights defenders could safely alert the bank about deteriorating environment or risks of conflict and reprisal.

Enhancing transparency and accountability in EIB corporate governance : Members stated that unorthodox combinations of responsibilities in the Management Committee , such as the responsibility for the oversight of both first and second line of defence activities, should cease. They also recalled the need to provide for a proper revision of the EIB Complaints Mechanism . The EIB whistle-blower protection policy , currently being revised, should include both internal and external whistle-blowers and establish clear and well-defined procedures, time frames and guidelines.

European parliament scrutiny : Members wanted to see the European Court of Auditors mandated to audit all EIB operations including those where the EIB uses non-EU budget funds for its operations. The committee also suggested that it should organise an annual workshop/hearing on activities and control of the EIB operations.

Follow-up of Parliament’s recommendations: the EIB was asked to report on the state of play of the previous recommendations issued by Parliament in its annual resolutions, especially as regards:

- the impact of its lending activities and results achieved;

- prevention of conflict of interests especially of the members of the EFSI Investment Committee and the EIB Board of Directors and provision of more stringent rules on conflicts of interest in the relevant Code of Conducts and especially of that of the Management Board and the Board of Directors;

- transparency and disclosure of information on contracting and subcontracting system concerning intermediaries and final recipients in relation to prevention of tax avoidance, fraud and corruption.

Documents
2018/12/13
   EP - Vote in committee
2018/11/27
   EP - Amendments tabled in committee
Documents
2018/11/23
   EP - Committee opinion
Documents
2018/11/05
   EP - Committee draft report
Documents
2018/07/09
   EP - (THE EARL OF) DARTMOUTH William (EFDD) appointed as rapporteur in INTA
2018/07/05
   EP - Committee referral announced in Parliament
2018/06/21
   EP - PIRINSKI Georgi (S&D) appointed as rapporteur in CONT

Documents

Votes

A8-0479/2018 - Georgi Pirinski - Vote unique #

2019/01/17 Outcome: +: 498, -: 87, 0: 38
DE ES IT FR RO BE NL SE PT HU BG CZ AT SK FI IE HR SI LT LU PL MT EE LV EL DK CY ?? GB
Total
80
46
51
65
21
20
22
19
14
14
15
19
17
13
9
9
10
8
9
6
47
6
5
7
16
10
4
1
58
icon: PPE PPE
179

Finland PPE

For (1)

1

Luxembourg PPE

3

Estonia PPE

For (1)

1

Cyprus PPE

1

United Kingdom PPE

2
icon: S&D S&D
162

Netherlands S&D

3

Czechia S&D

3

Ireland S&D

For (1)

1

Croatia S&D

2

Slovenia S&D

For (1)

1

Luxembourg S&D

For (1)

1

Malta S&D

3

Estonia S&D

For (1)

1

Latvia S&D

1

Denmark S&D

2

Cyprus S&D

1
icon: ALDE ALDE
58

Germany ALDE

3

Romania ALDE

For (1)

1

Portugal ALDE

1

Austria ALDE

For (1)

1

Croatia ALDE

2

Slovenia ALDE

For (1)

1

Lithuania ALDE

1

Luxembourg ALDE

For (1)

1

Estonia ALDE

3

Latvia ALDE

1
icon: Verts/ALE Verts/ALE
45

Italy Verts/ALE

For (1)

1

Belgium Verts/ALE

2

Netherlands Verts/ALE

2

Sweden Verts/ALE

3

Austria Verts/ALE

3

Finland Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Lithuania Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Denmark Verts/ALE

For (1)

1

United Kingdom Verts/ALE

4
icon: GUE/NGL GUE/NGL
37

Italy GUE/NGL

Abstain (1)

2

Netherlands GUE/NGL

3

Sweden GUE/NGL

Abstain (1)

1

Portugal GUE/NGL

For (1)

1

Czechia GUE/NGL

2

Finland GUE/NGL

For (1)

1

Denmark GUE/NGL

For (1)

1

Cyprus GUE/NGL

2

United Kingdom GUE/NGL

1
icon: EFDD EFDD
31

Germany EFDD

Abstain (1)

1

Czechia EFDD

Against (1)

1

Lithuania EFDD

For (1)

1

Poland EFDD

1
icon: NI NI
14

Germany NI

Abstain (1)

2

France NI

Against (1)

Abstain (1)

2

NI

For (1)

1

United Kingdom NI

Against (2)

2
icon: ENF ENF
33

Germany ENF

Against (1)

1

Belgium ENF

Abstain (1)

1

Netherlands ENF

3

Poland ENF

2

United Kingdom ENF

Abstain (1)

4
icon: ECR ECR
62
2

Romania ECR

For (1)

1

Netherlands ECR

Against (1)

1

Sweden ECR

2

Bulgaria ECR

Against (1)

1

Czechia ECR

2

Slovakia ECR

Against (1)

Abstain (1)

3

Finland ECR

1

Croatia ECR

Against (1)

1

Lithuania ECR

Against (1)

1

Latvia ECR

Against (1)

1

Greece ECR

Against (1)

1
AmendmentsDossier
95 2018/2151(INI)
2018/10/18 INTA 40 amendments...
source: 629.495
2018/11/27 CONT 55 amendments...
source: 630.700

History

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

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  • date: 2018-12-13T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP shadows: group: EPP name: DEUTSCH Tamás group: ALDE name: ALI Nedzhmi group: GUE/NGL name: FLANAGAN Luke Ming group: Verts/ALE name: TARAND Indrek group: EFD name: VALLI Marco responsible: True committee: CONT date: 2018-06-21T00:00:00 committee_full: Budgetary Control rapporteur: group: S&D name: PIRINSKI Georgi body: EP responsible: False committee: INTA date: 2018-07-09T00:00:00 committee_full: International Trade rapporteur: group: EFD name: (THE EARL OF) DARTMOUTH William
  • date: 2019-01-16T00:00:00 body: EP type: Debate in plenary scheduled
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  • date: 2018-11-23T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE627.876&secondRef=02 title: PE627.876 committee: INTA type: Committee opinion body: EP
  • date: 2018-11-27T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE630.700 title: PE630.700 type: Amendments tabled in committee body: EP
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  • date: 2018-07-05T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2018-12-13T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2018-12-20T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2018-0479&language=EN title: A8-0479/2018 summary: The Committee on Budgetary Control adopted the own-initiative report by Georgi PIRINSKI (S&D, BG) on the Annual Report 2017 on the control of the financial activities of the EIB. Members noted that the EIB is at the heart of economic recovery efforts at Union level, and its role in leveraging public money is essential for the capacity of the Union to adapt to new economic and environmental trends and geopolitical uncertainties. The role of the EIB for ensuring a value-adding strategic public investment : the report considered that the EIB has a relevant financial role, which can bring considerable results in reduction of inequalities in the Union, and it called on the EIB to continue bridging recurrent investment gaps and ongoing structural market failures through designing holistic and mid-long term spending. Members felt that the EIB’s lending conditions should facilitate the development of the EU’s peripheral regions by promoting growth and employment. The Bank was asked to greatly strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval. In the framework of Brexit, the report stressed that detailed arrangements for all the UK’s obligations towards the EIB must be drawn up in order to ensure that the EIB’s ability to achieve its objectives is not affected. Driving investment in key strategic areas : the committee was concerned that half of the Member States received 80% of the total EIB investment inside the EU while the other 14 Member States received only 10% of this investment. Furthermore, three Member States individually received 16%, 15% and 11% respectively. Members asked the Bank to include in its reporting breakdown information about its investment in low income and high income regions according to its own Investment Survey (EIBIS) and with regard to the potential effect for overcoming investment gaps and barriers in less favourable regions in the EU. They called on the EIB to aim to become a climate action leader and to increase investment in the renewable energy and energy efficiency sector. The report noted that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020, a trend that should be should be assessed positively. It welcomed the EIB's commitment to align its operations with the 2015 Paris Agreement by 2020. It encouraged the EIB to: - strengthen its presence and activities in the Western Balkan countries, as they are strategically important for the EU; - bridge SME’s lack of access to credit by enhancing existing programmes, such as the European Progress Microfinance Facility, and by increasing the funding allocated to them. Performance of the EIB’s financial operations : Members reiterated their call for the EIB to produce a more comprehensive, detailed and harmonised annual activity report. The report should include detailed and trustworthy breakdowns of the investments approved , signed and disbursed for the given year and the financing sources engaged (own resources, EFSI, EU centrally managed programmes, etc.), as well as such information regarding beneficiaries (Member States, public or private sector, intermediaries or direct recipients), sectors supported, and the results of the ex post evaluations. EFSI development : Members noted that the EIB Group (EIB and EIF) has seen a marked change in the nature, volume, risk profile and complexity of its business over recent years under the European Fund for Strategic Investment (‘EFSI’), with; (i) a trend towards an increasing number of smaller operations backed by the EU guarantee under EFSI, (ii) a significant increase of mandates under management on behalf of the Commission and in the provision of advisory services. As at the end of 2017, the EIB group had signed 606 operations under EFSI for a total financing of EUR 37.4 billion to mobilise investments of EUR 207.3 billion in all 28 Member States. Human Rights : the EIB was asked to establish a Human Rights Strategy and to set up an effective mechanism whereby human rights defenders could safely alert the bank about deteriorating environment or risks of conflict and reprisal. Enhancing transparency and accountability in EIB corporate governance : Members stated that unorthodox combinations of responsibilities in the Management Committee , such as the responsibility for the oversight of both first and second line of defence activities, should cease. They also recalled the need to provide for a proper revision of the EIB Complaints Mechanism . The EIB whistle-blower protection policy , currently being revised, should include both internal and external whistle-blowers and establish clear and well-defined procedures, time frames and guidelines. European parliament scrutiny : Members wanted to see the European Court of Auditors mandated to audit all EIB operations including those where the EIB uses non-EU budget funds for its operations. The committee also suggested that it should organise an annual workshop/hearing on activities and control of the EIB operations. Follow-up of Parliament’s recommendations: the EIB was asked to report on the state of play of the previous recommendations issued by Parliament in its annual resolutions, especially as regards: - the impact of its lending activities and results achieved; - prevention of conflict of interests especially of the members of the EFSI Investment Committee and the EIB Board of Directors and provision of more stringent rules on conflicts of interest in the relevant Code of Conducts and especially of that of the Management Board and the Board of Directors; - transparency and disclosure of information on contracting and subcontracting system concerning intermediaries and final recipients in relation to prevention of tax avoidance, fraud and corruption.
  • date: 2019-01-16T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20190116&type=CRE title: Debate in Parliament
  • date: 2019-01-17T00:00:00 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-2019-0036 title: T8-0036/2019 summary: The European Parliament adopted by 498 votes to 87 with 38 abstentions, a resolution on the Annual Report 2017 on the control of the financial activities of the EIB. Members noted that the EIB is at the heart of economic recovery efforts at Union level, with two successive capital increases and through its pivotal role in implementing the Investment Plan for Europe via the management of the European Fund for Strategic Investments (EFSI). A value-adding strategic public investment Public investment is still necessary in order to close the investment gaps in various sectors remaining below the pre-crisis levels in most vulnerable member states and cohesion countries. Accordingly, Members considered that the EIB has a relevant financial role, which can bring considerable results in reduction of inequalities in the Union. They called on the EIB to continue bridging recurrent investment gaps and ongoing structural market failures through designing holistic and mid-long term spending. EIB’s lending conditions should facilitate the development of the EU’s peripheral regions by promoting growth and employment. The Bank was asked to greatly strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval. In the framework of Brexit, the resolution stressed that detailed arrangements for all the UK’s obligations towards the EIB must be drawn up in order to ensure that the EIB’s ability to achieve its objectives is not affected. Driving investment in key strategic areas Half of the Member States received 80% of the total EIB investment inside the EU while the other 14 Member States received only 10% of this investment. Furthermore, three Member States individually received 16%, 15% and 11% respectively. Members asked the Bank to include in its reporting breakdown information about its investment in low income and high-income regions and examine again its estimates of per capita investments and the ranking of Member States. They called on the EIB to aim to become a climate action leader and to increase investment in the renewable energy and energy efficiency sector. Parliament noted that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020, a trend that should be should be assessed positively. It welcomed the EIB's commitment to align its operations with the 2015 Paris Agreement by 2020. It encouraged the EIB to: -increase investment in the renewable energy and energy efficiency sector, as well as to consider that goal as a priority in the revision of its energy lending criteria; -strengthen its presence and activities in the Western Balkan countries, as they are strategically important for the EU; -bridge SME’s lack of access to credit by enhancing existing programmes, such as the European Progress Microfinance Facility, and by increasing the funding allocated to them. Performance of the EIB’s financial operations Parliament reiterated their call for the EIB to produce a more comprehensive, detailed and harmonised annual activity report. The report should include detailed and trustworthy breakdowns of the investments approved, signed and disbursed for the given year and the financing sources engaged (own resources, EFSI, EU centrally managed programmes, etc.), as well as such information regarding beneficiaries (Member States, public or private sector, intermediaries or direct recipients), sectors supported, and the results of the ex post evaluations. EFSI development Parliament noted that the EIB Group (EIB and EIF) has seen a marked change in the nature, volume, risk profile and complexity of its business over recent years under the European Fund for Strategic Investment (‘EFSI’), with a trend towards an increasing number of smaller operations backed by the EU guarantee under EFSI, and a significant increase of mandates under management on behalf of the Commission and in the provision of advisory services. As at the end of 2017, the EIB group had signed 606 operations under EFSI for a total financing of EUR 37.4 billion to mobilise investments of EUR 207.3 billion in all 28 Member States. Human Rights The EIB was asked to establish a Human Rights Strategy and to set up an effective mechanism whereby human rights defenders could safely alert the bank about deteriorating environment or risks of conflict and reprisal. Enhancing transparency and accountability in EIB corporate governance Parliament called on the EIB to: (i) extend the information published for projects implemented through intermediaries by including information on final projects; (ii) disclose, on its own website, beneficial ownership data relating to its clients in order to increase the visibility of its operations and help prevent cases of corruption and conflict of interest; (iii) include a EU standard provision on good governance in tax matters for agreements with third countries; (iv) adopt responsible taxation policy ensuring that the EIB does not finance clients involved in tax avoidance and tax evasion schemes or operating via tax havens. European Parliament scrutiny Parliament supported the European Court of Auditors’ position that the Court should be mandated to audit all EIB operations including those where the EIB uses non-EU budget funds for its operations. It also suggested that it should organise an annual workshop/hearing on activities and control of the EIB operations. the EIB was asked to report on the state of play of the previous recommendations issued by Parliament in its annual resolutions, especially as regards: (i) the impact of its lending activities and results achieved; (ii) prevention of conflict of interests especially of the members of the EFSI Investment Committee and the EIB Board of Directors and provision of more stringent rules on conflicts of interest in the relevant Code of Conducts and especially of that of the Management Board and the Board of Directors; (iii) transparency and disclosure of information on contracting and subcontracting system concerning intermediaries and final recipients in relation to prevention of tax avoidance, fraud and corruption.
  • date: 2019-01-17T00:00:00 type: End of procedure in Parliament body: EP
links
other
  • body: EC dg: url: http://ec.europa.eu/info/departments/budget_en title: Budget commissioner: OETTINGER Günther
procedure/Modified legal basis
Old
Rules of Procedure EP 150
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Rules of Procedure EP 159
procedure/dossier_of_the_committee
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CONT/8/13880
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  • CONT/8/13880
procedure/legal_basis/0
Rules of Procedure EP 54
procedure/legal_basis/0
Rules of Procedure EP 52
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Procedure completed
procedure/subject
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  • 8.40.07 European Investment Bank (EIB)
New
8.40.07
European Investment Bank (EIB)
activities/1
date
2018-12-13T00:00:00
body
EP
type
Vote in committee, 1st reading/single reading
committees
procedure/Modified legal basis
Rules of Procedure EP 150
activities/1/type
Old
Indicative plenary sitting date, 1st reading/single reading
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activities/2
date
2019-01-17T00:00:00
body
EP
type
Vote in plenary scheduled
activities/0/committees/0/shadows/0
group
EPP
name
DEUTSCH Tamás
committees/0/shadows/0
group
EPP
name
DEUTSCH Tamás
activities/1/date
Old
2019-01-14T00:00:00
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2019-01-16T00:00:00
activities/0/committees/0/shadows/3
group
EFD
name
VALLI Marco
committees/0/shadows/3
group
EFD
name
VALLI Marco
activities/1
date
2019-01-14T00:00:00
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EP
type
Indicative plenary sitting date, 1st reading/single reading
activities/0/committees/1/date
2018-07-09T00:00:00
activities/0/committees/1/rapporteur
  • group: EFD name: (THE EARL OF) DARTMOUTH William
committees/1/date
2018-07-09T00:00:00
committees/1/rapporteur
  • group: EFD name: (THE EARL OF) DARTMOUTH William
other/0
body
EC
dg
commissioner
OETTINGER Günther
activities/0
date
2018-07-05T00:00:00
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EP
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Committee referral announced in Parliament, 1st reading/single reading
committees
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CONT/8/13880
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Preparatory phase in Parliament
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activities
    committees
    • body: EP shadows: group: ALDE name: ALI Nedzhmi group: GUE/NGL name: FLANAGAN Luke Ming group: Verts/ALE name: TARAND Indrek responsible: True committee: CONT date: 2018-06-21T00:00:00 committee_full: Budgetary Control rapporteur: group: S&D name: PIRINSKI Georgi
    • body: EP responsible: False committee_full: International Trade committee: INTA
    links
    other
      procedure
      reference
      2018/2151(INI)
      title
      Annual report on the control of the financial activities of the EIB
      legal_basis
      Rules of Procedure EP 52
      stage_reached
      Preparatory phase in Parliament
      subtype
      Annual report
      type
      INI - Own-initiative procedure
      subject
      8.40.07 European Investment Bank (EIB)