2021/2252(INI) | [ParlTrack]

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2021/2252(INI) The future European Financial Architecture for Development
Next event: Indicative plenary sitting date 2022/09/12

Progress: Awaiting committee decision

Role	Committee	Rapporteur	Shadows
Lead	DEVE	GOERENS Charles ( Renew)	HÖLVÉNYI György ( EPP), BULLMANN Udo ( S&D), MARQUARDT Erik ( Verts/ALE), ZIMNIOK Bernhard ( ID), KEMPA Beata ( ECR)
Committee Opinion	BUDG	WINZIG Angelika ( EPP)	Charles GOERENS ( RE), Eero HEINÄLUOMA ( S&D), Bogdan RZOŃCA ( ECR), David CORMAND ( Verts/ALE)
Committee Opinion	AFET	SANTOS Isabel ( S&D)	Reinhard BÜTIKOFER ( Verts/ALE), Katalin CSEH ( RE)

Lead committee dossier:

DEVE/9/07925

Legal Basis:

RoP 54, RoP 57

Subjects

Events

2022/09/12

Indicative plenary sitting date

2022/04/04

EP - Committee draft report

Documents

PE730.110

2022/02/02

EP - WINZIG Angelika (EPP) appointed as rapporteur in BUDG

2021/12/16

EP - Committee referral announced in Parliament

2021/12/16

EP - Referral to associated committees announced in Parliament

2021/10/06

EP - SANTOS Isabel (S&D) appointed as rapporteur in AFET

2021/06/29

EP - GOERENS Charles (Renew) appointed as rapporteur in DEVE

Documents

Committee draft report: PE730.110
Committee draft report: PE730.110

Activities

Dominique BILDE
Plenary Speeches (0)
Udo BULLMANN
Plenary Speeches (0)
Charles GOERENS
Plenary Speeches (0)
György HÖLVÉNYI
Plenary Speeches (0)
Seán KELLY
Plenary Speeches (0)
Ádám KÓSA
Plenary Speeches (0)
João PIMENTA LOPES
Plenary Speeches (0)
Rainer WIELAND
Plenary Speeches (0)
Erik MARQUARDT
Plenary Speeches (0)
Isabel SANTOS
Plenary Speeches (0)
Tomas TOBÉ
Plenary Speeches (0)
Mick WALLACE
Plenary Speeches (0)
Gianna GANCIA
Plenary Speeches (0)
Hildegard BENTELE
Plenary Speeches (0)
Mónica Silvana GONZÁLEZ
Plenary Speeches (0)
Angelika WINZIG
Plenary Speeches (0)
Barry ANDREWS
Plenary Speeches (0)
Ilan DE BASSO
Plenary Speeches (0)

Amendments	Dossier
39	2021/2252(INI) 2022/03/22 AFET 39 amendments... Amendment 1 # Reinhard BÜTIKOFER Draft opinion Paragraph 1 1. Welcomes the Council’s recognition that a~~n enhanced~~ new European financial architecture for development (EFAD) should follow the ‘policy first’ principle and stresses that the EU’s crucial efforts in development cooperation respecting the interests of partner countries must be consistent with other EU external activities and in line with its strategic interests, its transformation needs, and especially with the EU’s values, including rule of law, democracy, human rights, gender equality and climate; Amendment 10 # Isabel SANTOS Draft opinion Paragraph 2 2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer, under the appropriate political guidance, to ensure consistency of EU action as Team Europe by proposing concrete actions for applying the enhanced EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic autonomy and promote the EU’s values through its partnerships; Amendment 11 # Reinhard BÜTIKOFER Draft opinion Paragraph 2 a (new) 2 a. Welcomes the multi-pillar structure of the EFAD, leveraging on the expertise and role of all of its members, i.e. the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions; calls for further coordination and cooperation among those EFAD members in line with the Council’s conclusions on EFAD; Amendment 12 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 2 a (new) 2 a. Calls for a stronger coordination between the European Commission and the EEAS and EU delegations, specifically in developing countries with the most fragile economies, to facilitate discussions and cooperation with relevant actors on the ground in order to identify the most effective projects; Amendment 13 # Jaak MADISON, Bernhard ZIMNIOK, Peter KOFOD Draft opinion Paragraph 2 a (new) 2 a. Calls on the Commission to ensure that any development aid granted to developing countries, is made strictly conditional upon the effective implementation of return and readmission agreements; Amendment 14 # Reinhard BÜTIKOFER Draft opinion Paragraph 2 b (new) 2 b. Welcomes in this context the EU’s readiness to tackle most pressing global challenges by investing into the sustainable development of the global infrastructure, in particular in green technologies and digital connectivity through the EU Global Gateway, while fully respecting the SDGs, the Paris Agreement and the rights of indigenous peoples and local communities; calls on the Commission to work on an effective governance of the Global Gateway Strategy which has to be taken forward under the overall steer of the President of the Commission, and to coordinate closely in this regard with the HRVP and EEAS, the Council and the European Parliament, making sure that active ownership is given to EU institutions and to Member States under the Team Europe approach; Amendment 15 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 2 b (new) 2 b. Stresses that DFIs are encouraged to take more risk in their investment programmes through the European Fund for Sustainable Development Plus (EFSD+), to also reach the most fragile economies; in this respect, calls on the European Commission to play a greater role in helping to develop the supply side of projects, providing support for project preparation and helping DFIs to coordinate, while ensuring the integration of smaller DFIs; Amendment 16 # Isabel SANTOS Draft opinion Paragraph 3 3. Reaffirms the specific role and responsibility of the European Investment Bank (EIB) as the EU’s financial arm with a global reach; calls for the EIB to be further capitalised on as an exclusively EU-owned tool for reinforcing its operations in support of the EU’s external policy priorities and ensure inclusive association with European development banks and financial institutions under a Team Europe approach; welcomes, in this regard, the establishment of EIB Global; Amendment 17 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 3 3. Reaffirms the specific role and responsibility of the European Investment Bank (EIB) as the EU’s financial arm with a global reach; calls for the EIB to be further capitalised on as an exclusively EU-owned tool for reinforcing the EU’s external policy priorities; welcomes, in this regard, the establishment of EIB Global; calls for a strengthening of the EIB's capacities on the ground to work with the European Commission in policy dialogue and project identification; Amendment 18 # Reinhard BÜTIKOFER Draft opinion Paragraph 3 3. Reaffirms the specific role and responsibility of the European Investment Bank (EIB) as the EU’s financial arm with a global reach; calls for the EIB to be further capitalised on as an exclusively EU-owned tool for reinforcing the EU’s external policy priorities; ~~welcom~~notes, in this regard, the establishment of EIB Global; Amendment 19 # Isabel SANTOS Draft opinion Paragraph 4 4. Welcomes the significantly enhanced open architecture under the European Fund for Sustainable Development Plus (EFSD+) and calls on the Commission and Member States to provide the EIB, the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions with a reliable and enhanced operational environment, where they can effectively undertake their strengthened roles in external lending operations and mobilise resources from the private sector; is cognizant of the fact that resources of the magnitude required for the relevant initiatives such as the Global Gateway will not be attained in the absence of public and private actors joining forces; calls on the EIB, the EBRD and other European Development Finance Institutions to strengthen cooperation and coordination and to concentrate on their specific added value operations as well as on delivery and development impact on the ground; Amendment 2 # Jean-Lin LACAPELLE, Thierry MARIANI Draft opinion Paragraph 1 1. ~~Welcom~~Takes the Council’s recognition that an enhanced European financial architecture for development (EFAD) should follow the ‘policy first’ principle and stresses that the EU’s crucial efforts in development cooperation must be consistent with other EU external activities and in line with its strategic interests, and especially with the EU’s valuview that solidarity between Member States must be prioritised, and states that the European Union is not intended to be a 'global and international player' as often said or meant to manage development aid for the entire the world; considers that development aid must mainly be provided within the normal framework of cooperation between states; Amendment 20 # Reinhard BÜTIKOFER Draft opinion Paragraph 4 4. ~~Welcom~~Notes the significantly enhanced open architecture under the European Fund for Sustainable Development Plus (EFSD+) and calls on the Commission and Member States to provide the EIB, the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions with a reliable and enhanced operational environment based on a solid level playing field in terms of governance and access to EU ressource, where they can effectively undertake their strengthened roles in external lending operations and mobilise resources from the private sector, while ensuring transparency, guaranteeing accountability and proper scrutiny as required by the Global Europe Instrument and through the further improvement of the independent complaints mechanisms and the due diligence framework; Amendment 21 # Assita KANKO Draft opinion Paragraph 4 4. Welcomes the significantly enhanced open architecture under the European Fund for Sustainable Development Plus (EFSD+) and calls on the Commission and Member States to provide the EIB, the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions with a reliable and enhanced operational environment, where they can effectively undertake their strengthened roles in external lending operations and mobilise resources from the private sector, and where the EIB has the leading role because it is fully EU-owned and is thus more suitable to implement the EU's development policy objectives in line with the "policy first" principle, contrary to the EBRD of which the Russian Federation and Belarus are members; Amendment 22 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 4 a (new) 4 a. Welcomes that in the implementation of the EFSD blending projects between 2018 and 2020 the EIB has been the main financer of climate- related EU projects and that the EBRD has led Micro, Small and Medium Enterprises (MSME) support in the neighbourhood; Amendment 23 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 4 b (new) 4 b. Stresses that the EIB, needs to strengthen its capacities to support private sector development in Africa and, in this regard, calls on the EIB to dedicate more funds to African MSMEs through the EFSD+ blended budget; Amendment 24 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 5 5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; ~~emphasises that Parliament’s close involvement in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy~~making publicly available information contained in Team Europe Initiatives (TEIs), such as intervention costs, financial instruments deployed and which investments are jointly owned by partner countries; emphasises that Parliament’s close involvement in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy; in this sense, highlights that the European Parliament should further reinforce the EFAD’s functioning under the Team Europe approach by expanding supervisory scope to the whole team; Amendment 25 # Isabel SANTOS Draft opinion Paragraph 5 5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case to further promote our values and interests, while leaving no one behind; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; emphasises that Parliament’s close involvement in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy; Amendment 26 # Reinhard BÜTIKOFER Draft opinion Paragraph 5 5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; emphasises that Parliament’s early and close involvement in the strategic orientation, programming exercise and scrutiny of Team Europe initiatives is key to preserving their democratic legitimacy; Amendment 27 # Isabel SANTOS Draft opinion Paragraph 5 5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; emphasises that Parliament’s close involvement and scrutiny in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy; Amendment 28 # Jaak MADISON, Bernhard ZIMNIOK, Peter KOFOD Draft opinion Paragraph 5 a (new) 5 a. Recalls that EU Member States are the world's largest donor of development aid; therefore stresses the importance of ensuring that EU taxpayers are able to have access to all information relating to how and on what projects their money is being spent in developing countries; insists that the corrupt use of EU funding should result in an immediate suspension of payments; Amendment 29 # Isabel SANTOS Draft opinion Paragraph 5 a (new) 5 a. Underlines in this context that the EFAD requires a decentralised approach to be successfully implemented, and thus recalls the need to strengthen the role of EU Delegations as focal points to facilitate upstream discussions with Member States, the EIB, the European Development Finance Institutions, private sector actors and other partners on the ground in a Team Europe approach; Amendment 3 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 1 a (new) 1 a. Notes that EFAD is overly complex, indicating gaps and overlaps that undermine the EU's development impact and leadership. In this regard, welcomes the Council conclusions of 4 June 2021, where Member States endorsed the "Status Quo Plus" option to improve the current situation, for more effective cooperation between the EIB and the EBRD, together with DFIs in a "Team Europe" approach; reiterates that the latter could strongly contribute to the EU’s competitiveness in the global financial landscape; calls on the European Commission to encourage Member States to pool resources, finance, coordination and communication in common projects (Team Europe Initiatives); Amendment 30 # Reinhard BÜTIKOFER Draft opinion Paragraph 5 a (new) 5 a. Calls on the Commission to ensure the implementation of the conditionality principle by the financing institutions, linking it to the respect for rule of law, human rights and democracy and deeply anchoring it in the EFAD; Amendment 31 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 5 a (new) 5 a. Calls for a better geographical balance in the use of the EFSD+ blending and guarantees in line with NDICI and support for least developed and fragile countries, especially in Sub-Saharan Africa; Amendment 32 # Reinhard BÜTIKOFER Draft opinion Paragraph 5 b (new) 5 b. Underlines that gender equality and, in particular, women’s economic empowerment, alongside with gender mainstreaming in line with the requirements of the Global Europe instrument, need to be in the focus of the EFAD; Amendment 33 # Isabel SANTOS Draft opinion Paragraph 6 6. Recognises that the EFAD is focused on most vulnerable regions and where the needs are greatest, notably least developed and fragile countries, especially in Sub-Saharan Africa, but urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external operations are concentrated in accession and neighbourhood countries where the EU needs to deliver on the recently launched Economic and Investment Plans for the Western Balkans as well as in the Eastern and Southern Neighbourhoods; calls in this regard for the EIB and EBRD’s operations and role to be strengthened with enhanced cooperation through concrete actions. Amendment 34 # Reinhard BÜTIKOFER Draft opinion Paragraph 6 6. Recognises that the EFAD is focused on least developed and fragile countries, especially in Sub-Saharan Africa, but urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external operations are concentrated in accession and neighbourhood countries where the EU needs to deliver on the recently launched Economic and Investment Plans (EIP) for the Western Balkans as well as in the Eastern and Southern Neighbourhoods in line with the Paris Agreement and strong biodiversity protection, as well as respect for concerned local communities; calls in this regard ~~for~~on the EIB and EBRD~~’s operations and role to be strengthened~~ to strengthen their role. Amendment 35 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 6 6. ~~Recognises that the EFAD is focused on least developed and fragile countries, especially in Sub-Saharan Africa, but u~~Urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external operations are concentrated in accession and neighbourhood countries where the EU needs to deliver on the recently launched Economic and Investment Plans for the Western Balkans as well as in the Eastern and Southern Neighbourhoods; calls in this regard for the EIB and EBRD’s operations and role to be strengthened. Amendment 36 # Jean-Lin LACAPELLE, Thierry MARIANI Draft opinion Paragraph 6 6. ~~Recognises that the EFAD is focused on least developed and fragile countries, especially in Sub-Saharan Af~~Takes the view that development aid must be subject to strict conditionality criterica, ~~but urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external oper~~such as the obligation for beneficiary countries to readmit nationals arend co~~ncent~~operate~~d i~~ on tac~~cession and neighbourhood countries where the EU needs to deliver o~~kling illegal immigration; notes that, as highlighted in thewo recently launched Economic and Investment Plans for the Western Balkans as well as in the Eastern and Southern Neighbourhoods; calls in this regard for the EIB and EBRD’s operations and role to be strengthened reports published by the European Court of Auditors, the increase in aid provided to the Eastern Neighbourhood and Western Balkans has only bolstered high-level corruption in the countries in these areas. Amendment 37 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 6 a (new) 6 a. Reminds that the EU’s Instrument for Pre-accession Assistance (IPA III) foresees a strong conditionality and funding must be modulated or even suspended in the case of significant regression or persistent lack of progress in the area of the so-called “fundamentals”, notably in the field of the rule of law and fundamental rights; Amendment 38 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 6 b (new) 6 b. Reiterates that in order to address today’s global challenges, it is essential to make EFAD more relevant, coherent and responsive, but this cannot be at the expense and should adequately cater to the Parliament’s rights of scrutiny over the way the external action funds are used or on setting political priorities; Amendment 39 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 6 c (new) 6 c. Regrets the growing irrelevance of the Latin America and Caribbean regions within the EU policy making, which corresponds to a reduction in the budget allocation for those regions in the Union's financial framework 2021-2027; at the same time is aware that geopolitical impact of funds allocated to any region does not necessarily depend on the overall amount of budget; in this regard, stresses that there must be adequate policy steering from the Commission to ensure that the available instruments offered by the EFSD+ are used to strengthen closer partnerships with the Latin America and Caribbean regions and contribute to their development; Amendment 4 # Isabel SANTOS Draft opinion Paragraph 1 a (new) 1 a. Notes the central role of NDICI- Global Europe, including its European Fund for Sustainable Development Plus (EFSD+), in providing the policy steer and key priorities for the European Financial Architecture for Development (EFAD); is remindful of the need for the European Parliament’s close involvement to enable general orientation and scrutiny of the programming and implementation; Amendment 5 # Isabel SANTOS Draft opinion Paragraph 1 b (new) 1 b. Recalls that the EFAD shall be based on an inclusive architecture, working with all European development banks and financial institutions, building on their respective expertise and added value, contributing to stronger development impact and additionality; calls on the Commission to propose concrete and timely actions to strengthen cooperation among those actors and to promote inclusive partnerships with smaller European development finance institutions in a Team Europe spirit, including through a tailored approach to support the latter in accessing to financing and in their pillar assessment applications; Amendment 6 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 1 b (new) 1 b. Underlines that new players have emerged in global financing, countries that have economic and geopolitical interests often contradicting those of the European Union and opposite to the Union’s concept of democracy, rule of law, peace and sustainability; in this respect calls the EIB, EBRD and other DFIs to create a framework for enhanced cooperation on joint financing projects and platforms and improve the effectiveness of their delivery in countries outside the European Union; Amendment 7 # Jaak MADISON, Bernhard ZIMNIOK Draft opinion Paragraph 2 2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer to ensure consistency of EU action as Team Europe by applying the enhanced EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic autonomy and promote the EU’s values through its partnerships;deleted Amendment 8 # Reinhard BÜTIKOFER Draft opinion Paragraph 2 2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer to ensure consistency of EU action as Team Europe by applying the ~~enhanced~~new EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic ~~autonomy and~~sovereignty, strategic solidarity with like-minded countries, and the Union’s ability to contribute to international stability, security and peace, in particular as regards the promotion and respect for international law, in close cooperation with the UN, NATO, OSCE, AU and partner countries, or if needed, alone and to promote the EU’s values through its partnerships; Amendment 9 # Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL Draft opinion Paragraph 2 2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer to ensure consistency of EU action as Team Europe by applying the enhanced EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic autonomy and promote the EU’s values through its partnerships; calls on the Commission to duly involve the Parliament in the decisions on the Global Gateway investment programmes and keep it regularly informed about the respective developments, including budgetary implications, as they unfold; source: 729.979

Amendments

Dossier

2021/2252(INI)

2022/03/22 AFET 39 amendments...

Amendment 1 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 1

1. Welcomes the Council’s recognition that a~~n enhanced~~ new European financial architecture for development (EFAD) should follow the ‘policy first’ principle and stresses that the EU’s crucial efforts in development cooperation respecting the interests of partner countries must be consistent with other EU external activities and in line with its strategic interests, its transformation needs, and especially with the EU’s values, including rule of law, democracy, human rights, gender equality and climate;

Amendment 10 #

Isabel SANTOS

Draft opinion
Paragraph 2

2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer, under the appropriate political guidance, to ensure consistency of EU action as Team Europe by proposing concrete actions for applying the enhanced EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic autonomy and promote the EU’s values through its partnerships;

Amendment 11 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 2 a (new)

2 a. Welcomes the multi-pillar structure of the EFAD, leveraging on the expertise and role of all of its members, i.e. the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions; calls for further coordination and cooperation among those EFAD members in line with the Council’s conclusions on EFAD;

Amendment 12 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 2 a (new)

2 a. Calls for a stronger coordination between the European Commission and the EEAS and EU delegations, specifically in developing countries with the most fragile economies, to facilitate discussions and cooperation with relevant actors on the ground in order to identify the most effective projects;

Amendment 13 #

Jaak MADISON, Bernhard ZIMNIOK, Peter KOFOD

Draft opinion
Paragraph 2 a (new)

2 a. Calls on the Commission to ensure that any development aid granted to developing countries, is made strictly conditional upon the effective implementation of return and readmission agreements;

Amendment 14 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 2 b (new)

2 b. Welcomes in this context the EU’s readiness to tackle most pressing global challenges by investing into the sustainable development of the global infrastructure, in particular in green technologies and digital connectivity through the EU Global Gateway, while fully respecting the SDGs, the Paris Agreement and the rights of indigenous peoples and local communities; calls on the Commission to work on an effective governance of the Global Gateway Strategy which has to be taken forward under the overall steer of the President of the Commission, and to coordinate closely in this regard with the HRVP and EEAS, the Council and the European Parliament, making sure that active ownership is given to EU institutions and to Member States under the Team Europe approach;

Amendment 15 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 2 b (new)

2 b. Stresses that DFIs are encouraged to take more risk in their investment programmes through the European Fund for Sustainable Development Plus (EFSD+), to also reach the most fragile economies; in this respect, calls on the European Commission to play a greater role in helping to develop the supply side of projects, providing support for project preparation and helping DFIs to coordinate, while ensuring the integration of smaller DFIs;

Amendment 16 #

Isabel SANTOS

Draft opinion
Paragraph 3

3. Reaffirms the specific role and responsibility of the European Investment Bank (EIB) as the EU’s financial arm with a global reach; calls for the EIB to be further capitalised on as an exclusively EU-owned tool for reinforcing its operations in support of the EU’s external policy priorities and ensure inclusive association with European development banks and financial institutions under a Team Europe approach; welcomes, in this regard, the establishment of EIB Global;

Amendment 17 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 3

3. Reaffirms the specific role and responsibility of the European Investment Bank (EIB) as the EU’s financial arm with a global reach; calls for the EIB to be further capitalised on as an exclusively EU-owned tool for reinforcing the EU’s external policy priorities; welcomes, in this regard, the establishment of EIB Global; calls for a strengthening of the EIB's capacities on the ground to work with the European Commission in policy dialogue and project identification;

Amendment 18 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 3

3. Reaffirms the specific role and responsibility of the European Investment Bank (EIB) as the EU’s financial arm with a global reach; calls for the EIB to be further capitalised on as an exclusively EU-owned tool for reinforcing the EU’s external policy priorities; ~~welcom~~notes, in this regard, the establishment of EIB Global;

Amendment 19 #

Isabel SANTOS

Draft opinion
Paragraph 4

4. Welcomes the significantly enhanced open architecture under the European Fund for Sustainable Development Plus (EFSD+) and calls on the Commission and Member States to provide the EIB, the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions with a reliable and enhanced operational environment, where they can effectively undertake their strengthened roles in external lending operations and mobilise resources from the private sector; is cognizant of the fact that resources of the magnitude required for the relevant initiatives such as the Global Gateway will not be attained in the absence of public and private actors joining forces; calls on the EIB, the EBRD and other European Development Finance Institutions to strengthen cooperation and coordination and to concentrate on their specific added value operations as well as on delivery and development impact on the ground;

Amendment 2 #

Jean-Lin LACAPELLE, Thierry MARIANI

Draft opinion
Paragraph 1

1. ~~Welcom~~Takes the Council’s recognition that an enhanced European financial architecture for development (EFAD) should follow the ‘policy first’ principle and stresses that the EU’s crucial efforts in development cooperation must be consistent with other EU external activities and in line with its strategic interests, and especially with the EU’s valuview that solidarity between Member States must be prioritised, and states that the European Union is not intended to be a 'global and international player' as often said or meant to manage development aid for the entire the world; considers that development aid must mainly be provided within the normal framework of cooperation between states;

Amendment 20 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 4

4. ~~Welcom~~Notes the significantly enhanced open architecture under the European Fund for Sustainable Development Plus (EFSD+) and calls on the Commission and Member States to provide the EIB, the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions with a reliable and enhanced operational environment based on a solid level playing field in terms of governance and access to EU ressource, where they can effectively undertake their strengthened roles in external lending operations and mobilise resources from the private sector, while ensuring transparency, guaranteeing accountability and proper scrutiny as required by the Global Europe Instrument and through the further improvement of the independent complaints mechanisms and the due diligence framework;

Amendment 21 #

Assita KANKO

Draft opinion
Paragraph 4

4. Welcomes the significantly enhanced open architecture under the European Fund for Sustainable Development Plus (EFSD+) and calls on the Commission and Member States to provide the EIB, the European Bank for Reconstruction and Development (EBRD), European bilateral financing institutions and European development finance institutions with a reliable and enhanced operational environment, where they can effectively undertake their strengthened roles in external lending operations and mobilise resources from the private sector, and where the EIB has the leading role because it is fully EU-owned and is thus more suitable to implement the EU's development policy objectives in line with the "policy first" principle, contrary to the EBRD of which the Russian Federation and Belarus are members;

Amendment 22 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 4 a (new)

4 a. Welcomes that in the implementation of the EFSD blending projects between 2018 and 2020 the EIB has been the main financer of climate- related EU projects and that the EBRD has led Micro, Small and Medium Enterprises (MSME) support in the neighbourhood;

Amendment 23 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 4 b (new)

4 b. Stresses that the EIB, needs to strengthen its capacities to support private sector development in Africa and, in this regard, calls on the EIB to dedicate more funds to African MSMEs through the EFSD+ blended budget;

Amendment 24 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 5

5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; ~~emphasises that Parliament’s close involvement in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy~~making publicly available information contained in Team Europe Initiatives (TEIs), such as intervention costs, financial instruments deployed and which investments are jointly owned by partner countries; emphasises that Parliament’s close involvement in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy; in this sense, highlights that the European Parliament should further reinforce the EFAD’s functioning under the Team Europe approach by expanding supervisory scope to the whole team;

Amendment 25 #

Isabel SANTOS

Draft opinion
Paragraph 5

5. Notes that the Team Europe approach provides a unique opportunity to leverage EU impact and visibility in the world far more than is currently the case to further promote our values and interests, while leaving no one behind; expresses the need for an inclusive Team Europe spirit to also be put into action in the EFAD; notes that the key to the success of the Team Europe approach is EU policy- guided cooperation and coordination in a transparent and inclusive environment; emphasises that Parliament’s close involvement in the strategic orientation of Team Europe initiatives is key to preserving their democratic legitimacy;

Amendment 26 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 5

Amendment 27 #

Isabel SANTOS

Draft opinion
Paragraph 5

Amendment 28 #

Jaak MADISON, Bernhard ZIMNIOK, Peter KOFOD

Draft opinion
Paragraph 5 a (new)

5 a. Recalls that EU Member States are the world's largest donor of development aid; therefore stresses the importance of ensuring that EU taxpayers are able to have access to all information relating to how and on what projects their money is being spent in developing countries; insists that the corrupt use of EU funding should result in an immediate suspension of payments;

Amendment 29 #

Isabel SANTOS

Draft opinion
Paragraph 5 a (new)

5 a. Underlines in this context that the EFAD requires a decentralised approach to be successfully implemented, and thus recalls the need to strengthen the role of EU Delegations as focal points to facilitate upstream discussions with Member States, the EIB, the European Development Finance Institutions, private sector actors and other partners on the ground in a Team Europe approach;

Amendment 3 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 1 a (new)

1 a. Notes that EFAD is overly complex, indicating gaps and overlaps that undermine the EU's development impact and leadership. In this regard, welcomes the Council conclusions of 4 June 2021, where Member States endorsed the "Status Quo Plus" option to improve the current situation, for more effective cooperation between the EIB and the EBRD, together with DFIs in a "Team Europe" approach; reiterates that the latter could strongly contribute to the EU’s competitiveness in the global financial landscape; calls on the European Commission to encourage Member States to pool resources, finance, coordination and communication in common projects (Team Europe Initiatives);

Amendment 30 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 5 a (new)

5 a. Calls on the Commission to ensure the implementation of the conditionality principle by the financing institutions, linking it to the respect for rule of law, human rights and democracy and deeply anchoring it in the EFAD;

Amendment 31 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 5 a (new)

5 a. Calls for a better geographical balance in the use of the EFSD+ blending and guarantees in line with NDICI and support for least developed and fragile countries, especially in Sub-Saharan Africa;

Amendment 32 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 5 b (new)

5 b. Underlines that gender equality and, in particular, women’s economic empowerment, alongside with gender mainstreaming in line with the requirements of the Global Europe instrument, need to be in the focus of the EFAD;

Amendment 33 #

Isabel SANTOS

Draft opinion
Paragraph 6

6. Recognises that the EFAD is focused on most vulnerable regions and where the needs are greatest, notably least developed and fragile countries, especially in Sub-Saharan Africa, but urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external operations are concentrated in accession and neighbourhood countries where the EU needs to deliver on the recently launched Economic and Investment Plans for the Western Balkans as well as in the Eastern and Southern Neighbourhoods; calls in this regard for the EIB and EBRD’s operations and role to be strengthened with enhanced cooperation through concrete actions.

Amendment 34 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 6

6. Recognises that the EFAD is focused on least developed and fragile countries, especially in Sub-Saharan Africa, but urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external operations are concentrated in accession and neighbourhood countries where the EU needs to deliver on the recently launched Economic and Investment Plans (EIP) for the Western Balkans as well as in the Eastern and Southern Neighbourhoods in line with the Paris Agreement and strong biodiversity protection, as well as respect for concerned local communities; calls in this regard ~~for~~on the EIB and EBRD~~’s operations and role to be strengthened~~ to strengthen their role.

Amendment 35 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 6

6. ~~Recognises that the EFAD is focused on least developed and fragile countries, especially in Sub-Saharan Africa, but u~~Urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external operations are concentrated in accession and neighbourhood countries where the EU needs to deliver on the recently launched Economic and Investment Plans for the Western Balkans as well as in the Eastern and Southern Neighbourhoods; calls in this regard for the EIB and EBRD’s operations and role to be strengthened.

Amendment 36 #

Jean-Lin LACAPELLE, Thierry MARIANI

Draft opinion
Paragraph 6

6. ~~Recognises that the EFAD is focused on least developed and fragile countries, especially in Sub-Saharan Af~~Takes the view that development aid must be subject to strict conditionality criterica, ~~but urges that it be borne in mind that around two thirds of the EIB and EBRD’s combined external oper~~such as the obligation for beneficiary countries to readmit nationals arend co~~ncent~~operate~~d i~~ on tac~~cession and neighbourhood countries where the EU needs to deliver o~~kling illegal immigration; notes that, as highlighted in thewo recently launched Economic and Investment Plans for the Western Balkans as well as in the Eastern and Southern Neighbourhoods; calls in this regard for the EIB and EBRD’s operations and role to be strengthened reports published by the European Court of Auditors, the increase in aid provided to the Eastern Neighbourhood and Western Balkans has only bolstered high-level corruption in the countries in these areas.

Amendment 37 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 6 a (new)

6 a. Reminds that the EU’s Instrument for Pre-accession Assistance (IPA III) foresees a strong conditionality and funding must be modulated or even suspended in the case of significant regression or persistent lack of progress in the area of the so-called “fundamentals”, notably in the field of the rule of law and fundamental rights;

Amendment 38 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 6 b (new)

6 b. Reiterates that in order to address today’s global challenges, it is essential to make EFAD more relevant, coherent and responsive, but this cannot be at the expense and should adequately cater to the Parliament’s rights of scrutiny over the way the external action funds are used or on setting political priorities;

Amendment 39 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 6 c (new)

6 c. Regrets the growing irrelevance of the Latin America and Caribbean regions within the EU policy making, which corresponds to a reduction in the budget allocation for those regions in the Union's financial framework 2021-2027; at the same time is aware that geopolitical impact of funds allocated to any region does not necessarily depend on the overall amount of budget; in this regard, stresses that there must be adequate policy steering from the Commission to ensure that the available instruments offered by the EFSD+ are used to strengthen closer partnerships with the Latin America and Caribbean regions and contribute to their development;

Amendment 4 #

Isabel SANTOS

Draft opinion
Paragraph 1 a (new)

1 a. Notes the central role of NDICI- Global Europe, including its European Fund for Sustainable Development Plus (EFSD+), in providing the policy steer and key priorities for the European Financial Architecture for Development (EFAD); is remindful of the need for the European Parliament’s close involvement to enable general orientation and scrutiny of the programming and implementation;

Amendment 5 #

Isabel SANTOS

Draft opinion
Paragraph 1 b (new)

1 b. Recalls that the EFAD shall be based on an inclusive architecture, working with all European development banks and financial institutions, building on their respective expertise and added value, contributing to stronger development impact and additionality; calls on the Commission to propose concrete and timely actions to strengthen cooperation among those actors and to promote inclusive partnerships with smaller European development finance institutions in a Team Europe spirit, including through a tailored approach to support the latter in accessing to financing and in their pillar assessment applications;

Amendment 6 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 1 b (new)

1 b. Underlines that new players have emerged in global financing, countries that have economic and geopolitical interests often contradicting those of the European Union and opposite to the Union’s concept of democracy, rule of law, peace and sustainability; in this respect calls the EIB, EBRD and other DFIs to create a framework for enhanced cooperation on joint financing projects and platforms and improve the effectiveness of their delivery in countries outside the European Union;

Amendment 7 #

Jaak MADISON, Bernhard ZIMNIOK

Draft opinion
Paragraph 2

Amendment 8 #

Reinhard BÜTIKOFER

Draft opinion
Paragraph 2

2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer to ensure consistency of EU action as Team Europe by applying the ~~enhanced~~new EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic ~~autonomy and~~sovereignty, strategic solidarity with like-minded countries, and the Union’s ability to contribute to international stability, security and peace, in particular as regards the promotion and respect for international law, in close cooperation with the UN, NATO, OSCE, AU and partner countries, or if needed, alone and to promote the EU’s values through its partnerships;

Amendment 9 #

Gabriel MATO, Rosa ESTARÀS FERRAGUT, Francisco José MILLÁN MON, Antonio LÓPEZ-ISTÚRIZ WHITE, Leopoldo LÓPEZ GIL

Draft opinion
Paragraph 2

2. Calls on the Commission to move forward from the current status quo and provide a strong and clear policy steer to ensure consistency of EU action as Team Europe by applying the enhanced EFAD in the successful implementation of European initiatives, such as the Global Gateway strategy, the Green Deal or the Strategic Compass after its adoption, in order to strengthen the EU’s strategic autonomy and promote the EU’s values through its partnerships; calls on the Commission to duly involve the Parliament in the decisions on the Global Gateway investment programmes and keep it regularly informed about the respective developments, including budgetary implications, as they unfold;

source: 729.979

History

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

2022-04-27Show (1) Changes | Timetravel

docs/0/docs/0/url

https://www.europarl.europa.eu/doceo/document/DEVE-PR-730110_EN.html

2022-04-05Show (1) Changes | Timetravel

docs/0/date

Old

2022-03-31T00:00:00

New

2022-04-04T00:00:00

2022-04-02Show (1) Changes | Timetravel

docs	date: 2022-03-31T00:00:00 docs: title: PE730.110 type: Committee draft report body: EP

2022-03-18Show (1) Changes | Timetravel

committees/0/shadows/3

name: ZIMNIOK Bernhard

group: Identity and Democracy

abbr: ID

2022-03-03Show (1) Changes | Timetravel

forecasts

date: 2022-09-12T00:00:00 title: Indicative plenary sitting date

2022-02-03Show (1) Changes | Timetravel

committees/2/rapporteur

name: WINZIG Angelika date: 2022-02-02T00:00:00 group: Group of European People's Party abbr: EPP

2022-02-02Show (1) Changes | Timetravel

committees/1/rapporteur

name: SANTOS Isabel date: 2021-10-06T00:00:00 group: Group of Progressive Alliance of Socialists and Democrats abbr: S&D

2022-02-01Show (1) Changes | Timetravel

committees/1

type: Committee Opinion

body: EP

committee_full: Foreign Affairs

committee: AFET

associated: False

2022-01-29Show (1) Changes | Timetravel

commission

body: EC dg: International Cooperation and Development commissioner: URPILAINEN Jutta

2021-12-22Show (3) Changes

events	date: 2021-12-16T00:00:00 type: Committee referral announced in Parliament body: EP date: 2021-12-16T00:00:00 type: Referral to associated committees announced in Parliament body: EP
procedure/dossier_of_the_committee	DEVE/9/07925
procedure/stage_reached	Old Preparatory phase in Parliament New Awaiting committee decision

Progress: Awaiting committee decision

Lead committee dossier:

DEVE/9/07925

Legal Basis:

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