Sittings · Document

Draft report (2024/2052(INI)) 2025-03-27

Control of the financial activities of the European Investment Bank – annual report 2023

Committee on Budgetary Control

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Amendment 1

Kinga Kollár

Motion for a resolution

Citation 1

Motion for a resolution

Amendment

– having regard to the European Investment Bank (EIB) 2023 activity report of 1 February 2024 entitled ‘A Blueprint for Sustainable Living’, and to the EIB document of 2 February 2023 entitled ‘EIB Group Operational Plan 2023-2025’,

– having regard to the European Investment Bank Group (‘EIB Group’) 2023 activity report of 1 February 2024 entitled ‘A Blueprint for Sustainable Living’, and to the EIB Group document of 2 February 2023 entitled ‘EIB Group Operational Plan 2023-2025’,

Or. en

Amendment 2

Kinga Kollár

Motion for a resolution

Citation 2

Motion for a resolution

Amendment

– having regard to the EIB Investment Report 2023/2024 entitled ‘Transforming for competitiveness’, published on 7 February 2024,

– having regard to the European Investment Bank (‘EIB’, ‘the Bank’) Investment Report 2023/2024 entitled ‘Transforming for competitiveness’, published on 7 February 2024,

Or. en

Amendment 3

Kinga Kollár

Motion for a resolution

Citation 4

Motion for a resolution

Amendment

– having regard to the EIB report on the implementation of the EIB Group Transparency Policy in 2023, published on 1 July 2024,

– having regard to the EIB Group report on the implementation of the EIB Group Transparency Policy in 2023, published on 1 July 2024,

Or. en

Amendment 4

Kinga Kollár

Motion for a resolution

Citation 5

Motion for a resolution

Amendment

– having regard to the EIB document of 27 November 2023 entitled ‘The EIB Group PATH Framework – Version 1.2 of November 2023 – Supporting counterparties on their pathways to align with the Paris Agreement’,

– having regard to the EIB Group document of 27 November 2023 entitled ‘The EIB Group PATH Framework – Version 1.2 of November 2023 – Supporting counterparties on their pathways to align with the Paris Agreement’,

Or. en

Amendment 5

Kinga Kollár

Motion for a resolution

Citation 6

Motion for a resolution

Amendment

– having regard to the EIB documents of 21 June 2024 entitled ‘EIB Group 2024-2027 Strategic Roadmap’ and of 29 November 2023 entitled ‘EIB Global Strategic Roadmap’,

– having regard to the EIB Group and EIB documents of 21 June 2024 entitled ‘EIB Group 2024-2027 Strategic Roadmap’ and of 29 November 2023 entitled ‘EIB Global Strategic Roadmap’,

Or. en

Amendment 6

Kinga Kollár

Motion for a resolution

Citation 10

Motion for a resolution

Amendment

– having regard to the EIB document of 14 October 2024 entitled ‘Diversity, Equity and Inclusion at the EIB Group’,

– having regard to the EIB Group document of 14 October 2024 entitled ‘Diversity, Equity and Inclusion at the EIB Group’,

Or. en

Amendment 7

Kinga Kollár

Motion for a resolution

Citation 12

Motion for a resolution

Amendment

– having regard to the EIB report of 15 July 2024 entitled ‘EIB Group activities in EU cohesion regions 2023’,

– having regard to the EIB Group report of 15 July 2024 entitled ‘EIB Group activities in EU cohesion regions 2023’,

Or. en

Amendment 8

Kinga Kollár

Motion for a resolution

Citation 14

Motion for a resolution

Amendment

– having regard to the EIB report of 26 June 2024 entitled ‘EIB Group support for EU businesses: Evidence of impact in addressing market failures’,

– having regard to the EIB Group report of 26 June 2024 entitled ‘EIB Group support for EU businesses: Evidence of impact in addressing market failures’,

Or. en

Amendment 9

Kinga Kollár

Motion for a resolution

Citation 17

Motion for a resolution

Amendment

– having regard to the EIB report of 29 December 2023 entitled ‘European Investment Bank Group Risk Management Disclosure Report – June 2023’,

– having regard to the EIB Group report of 29 December 2023 entitled ‘European Investment Bank Group Risk Management Disclosure Report – June 2023’,

Or. en

Amendment 10

Kinga Kollár

Motion for a resolution

Citation 17 a (new)

Motion for a resolution

Amendment

– having regard to the Joint White Paper for European Defence Readiness 2030,

Or. en

Amendment 11

Kinga Kollár

Motion for a resolution

Recital A

Motion for a resolution

Amendment

A. whereas the EIB is the largest multilateral development bank in the world, given the volume of its borrowing and lending;

A. whereas the EIB Group includes the EIB and the European Investment Fund (EIF); whereas the EIB is the largest multilateral development bank in the world, given the volume of its borrowing and lending; whereas the EIB is treaty-bound to contribute to EU integration; whereas the EIB’s key priorities are to provide funding for projects to foster European integration and social cohesion; whereas the EIF is acting as a dedicated body for supporting the European Union's policy objectives in the areas of entrepreneurship, job creation, and economic cohesion;

Or. en

Amendment 12

Kinga Kollár

Motion for a resolution

Recital B

Motion for a resolution

Amendment

B. whereas, as a multilateral investment bank owned by the EU Member States, the EIB is managed by a Board of Governors, a Board of Directors and a Management Committee and has its own internal mechanisms for accountability, governance and audit;

B. whereas, as a bank owned by the EU Member States, the EIB is managed by a Board of Governors, a Board of Directors and a Management Committee and has its own internal mechanisms for accountability, governance and audit; whereas the EIF is owned by the EIB (60 %), by the EU (30 %) and by Financial Institutions (10 %) from the Member States, the UK and Türkiye and is managed by the General Meeting of the EIF shareholders, the Board of Directors and the Chief Executive and has its independent internal mechanisms for accountability, governance and audit while some of these functions are shared at Group level;

Or. en

Amendment 13

Kinga Kollár

Motion for a resolution

Recital C

Motion for a resolution

Amendment

C. whereas the EIB operates in a competitive market, but is also an EU body expected to abide by high standards of transparency and stakeholder engagement;

C. whereas both the EIB and the EIF operate in a competitive market, but are also EU bodies expected to abide by high standards of transparency and stakeholder engagement;

Or. en

Amendment 14

Kinga Kollár

Motion for a resolution

Recital D

Motion for a resolution

Amendment

D. whereas the EIB has cross-cutting objectives for climate action and environmental sustainability, economic and social cohesion and convergence, digital transition, and support for the EU’s external action priorities around the world, and its financing is aligned with the EU’s political priorities;

D. whereas the EIB Group promotes the EU policies, both within and outside the EU and works closely with other EU and national institutions; whereas the EIB Group presented the following eight cross-cutting strategic priorities in its Strategic Roadmap for 2024-2027: supporting climate action, digital transformation, defence, cohesion, agriculture, social infrastructure, financing outside of EU and promoting the Capital Market Union;

Or. en

Amendment 15

Rudi Kennes

Motion for a resolution

Recital F

Motion for a resolution

Amendment

F. whereas the European Council’s strategic agenda for 2024-2029 provides for an enhanced role for the EIB Group as a catalyst of EU defence and security, and highlights the need to bolster EU competitiveness through a significant collective investment effort, mobilising both public and private funding;

F. whereas the European Council’s strategic agenda for 2024-2029 provides for an enhanced role for the EIB Group as a catalyst of EU defence and security, and highlights the need to bolster EU competitiveness and to improve citizens’ economic and social well-being through a significant collective investment effort, mobilising both public and private funding;

Or. en

Amendment 16

Kinga Kollár

Motion for a resolution

Recital H

Motion for a resolution

Amendment

H. whereas it is essential to address the barriers to access to finance for small and medium-sized enterprises (SMEs) and mid-caps; whereas public lending and guarantee schemes are an important countercyclical policy tool, particularly during economic downturns, but also for the mitigation of structural market failures;

H. whereas the EIB Group’s main tasks is to enhance Europe's potential in terms of jobs and growth; whereas the EIB Group investments should address the inequalities by providing better conditions to access jobs and training opportunities, including housing and education to face poverty and unemployment; whereas it is essential to address the barriers to access to finance for small and medium-sized enterprises (SMEs) and mid-caps; whereas public lending and guarantee schemes are an important countercyclical policy tool, particularly during economic downturns, but also for the mitigation of structural market failures;

Or. en

Amendment 17

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Recital I

Motion for a resolution

Amendment

I. whereas the EIB is an essential component of the European financial architecture for development and the largest multilateral lender in the EU neighbourhood regions;

I. whereas the EIB is an essential component of the European financial architecture for development and the largest multilateral lender in the EU neighbourhood regions; whereas, since the global financial crisis, there has been a persistent gap in productive investment between Europe and its main competitors, mainly driven by greater investment in innovation, communication technology and intellectual property and the EIB is expected to contribute to reducing that gap;

Or. en

Amendment 18

Kinga Kollár

Motion for a resolution

Recital I

Motion for a resolution

Amendment

I. whereas the EIB is an essential component of the European financial architecture for development and the largest multilateral lender in the EU neighbourhood regions;

I. whereas the EIB is an essential component of the European financial architecture for development and the largest multilateral lender in the EU neighbourhood regions covering the Eastern Neighbourhood countries, the Western Balkans, the Middle East and the North Africa;

Or. en

Amendment 19

Kinga Kollár

Motion for a resolution

Recital J

Motion for a resolution

Amendment

J. whereas the success of the EU’s policies and the effectiveness of their implementation increasingly relies on the EIB Group; whereas it is clear that the intensity and quality of Parliament’s scrutiny of the EIB’s financial activities should be consistent with the intensity of EIB-Commission cooperation, which has become very significant;

J. whereas the success of the EU’s policies and the effectiveness of their implementation increasingly relies on the EIB Group; whereas it is clear that the intensity and quality of Parliament’s scrutiny of the EIB’s financial activities should be in line with the intensity of EIB-Commission cooperation, which has become very significant;

Or. en

Amendment 20

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Recital J

Motion for a resolution

Amendment

J. whereas the achievement of the EU’s policy objectives and their effective execution are increasingly reliant on the EIB Group; it is clear that the depth and quality of Parliament’s scrutiny of the EIB’s financial operations should match the substantial level of collaboration between the EIB and the Commission;

Or. en

Amendment 21

Kinga Kollár

Motion for a resolution

Recital K

Motion for a resolution

Amendment

K. whereas the EIB’s business model demands the highest standards of integrity, accountability and transparency, and adequate measures need to be adopted and continuously updated to avoid financing all forms of fraud, money laundering, terrorism, and organised crime and tax avoidance; whereas the EIB Group possesses a control framework with the aim of preventing and mitigating sanctions risks;

Or. en

Amendment 22

Rudi Kennes

Motion for a resolution

Recital K

Motion for a resolution

Amendment

K. whereas the EIB’s business model demands the highest standards of integrity, accountability and transparency, and adequate measures need to be adopted and continuously updated to counter all forms of fraud, corruption, money laundering, financing of terrorism, and organised crime;

Or. en

Amendment 23

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Recital K

Motion for a resolution

Amendment

K. whereas the EIB’s operational framework necessitates uncompromising standards of integrity, accountability, and transparency. Robust measures must be implemented and regularly updated to combat all forms of fraud, money laundering, terrorism financing, and organized crime;

Or. en

Amendment 24

Kinga Kollár

Motion for a resolution

Recital K a (new)

Motion for a resolution

Amendment

K a. whereas the EIB Group adheres to the Basel Committee on Banking Supervision’s definition of compliance risk, with the aim of preventing the risk of legal or regulatory sanctions, material financial loss or damage to reputation; whereas the Bank takes appropriate measures to mitigate such risks by ensuring strict compliance with legal and regulatory frameworks, both at the EU level and internationally;

Or. en

Amendment 25

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 1

Motion for a resolution

Amendment

deleted

Or. fr

Amendment 26

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 1

Motion for a resolution

Amendment

1. Notes that the EIB has performed effectively and efficiently in an international context affected by global challenges related to geopolitical situations, the effects of climate change and other situations affecting the global economy; stresses that both the effectiveness and efficiency should be further analysed and substantiated by in-depth analytics, especially focused on the real impact on competitiveness and growth of the real European economy;

Or. en

Amendment 27

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 1

Motion for a resolution

Amendment

1. Acknowledges that the EIB has demonstrated effective and efficient performance in an international landscape marked by global challenges, including geopolitical tensions, climate change impacts, and other factors affecting the global economy;

Or. en

Amendment 28

Eero Heinäluoma

Motion for a resolution

Paragraph 1 a (new)

Motion for a resolution

Amendment

1 a. In the context of a challenging economic outlook and increased global competition, expects the EIB to address constraints to EU competitiveness such as volatile energy prices, skills shortages in key sectors and insufficient investments into innovation and new technologies;

Or. en

Amendment 29

Eero Heinäluoma

Motion for a resolution

Paragraph 1 b (new)

Motion for a resolution

Amendment

1 b. Notes that EIB financing plays an increasingly important role in the context of high interest rates and constrained public finances;

Or. en

Amendment 30

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 2

Motion for a resolution

Amendment

2. Notes that the EIB Group’s consolidated result under the International Financial Reporting Standards (IFRS) amounted to EUR 2.272 billion in 2023, compared to EUR 2.327 billion in 2022 (a decrease of 2.4 % year on year); calls for a clear overview of the factors generating the decrease, especially considering the period under consideration was characterised by a steady economic growth;

Or. en

Amendment 31

Kinga Kollár

Motion for a resolution

Paragraph 2

Motion for a resolution

Amendment

2. Notes that the EIB Group achieved excellent consolidated results that amounted to EUR 2.272 billion in 2023 under the International Financial Reporting Standards (IFRS), compared to EUR 2.327 billion in 2022 (a decrease of 2.4 % year on year); observes that EIB reserves amounted to over EUR 56 billion in 2023, compared to EUR 53.9 billion in 2022 and EUR 36 billion in 2014;

Or. en

Amendment 32

Kinga Kollár

Motion for a resolution

Paragraph 3

Motion for a resolution

Amendment

3. Observes that the EIB’s total liquidity ratio remained within internal limits to the end of 2023; stresses that the EIB’s AAA rating with a ‘stable’ outlook is necessary to ensure appropriate market sources of financing at preferential rates and that it must be preserved; underlines that the EIB’s high credit standing is key to its successful business model;

3. Observes that the EIB’s total liquidity ratio remained well within internal limits to the end of 2023 and that the CET1 ratio of the EIB stood at 33.1 % in 2023, well higher than the average ratio of significant institutions supervised by the ECB at that time; stresses that the EIB’s AAA rating with a ‘stable’ outlook is necessary to ensure appropriate market sources of financing at preferential rates and that it should be preserved; underlines that the EIB’s high credit standing is important to its successful business model;

Or. en

Amendment 33

Kinga Kollár

Motion for a resolution

Paragraph 3 a (new)

Motion for a resolution

Amendment

3 a. Calls on the EIB to maintain its strong capital position and consistently high profits, but notes that the Bank has potential to absorb potential fluctuations in returns without compromising shareholder capital or its credit rating, has the capacity to take on more risk in strategic investments and is well-equipped to invest more in higher-risk innovative projects where private capital remains hesitant;

Or. en

Amendment 34

Kinga Kollár

Motion for a resolution

Paragraph 4

Motion for a resolution

Amendment

4. Notes that the EIB’s total disbursements amounted to EUR 54.4 billion in 2023 (of which EUR 53.4 billion under the EIB’s own resources), compared to EUR 54.3 billion (of which EUR 53.3 billion under the EIB’s own resources) in 2022;observes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the overall investment signed within the EU by the EIB Group in 2023 alone will create about 1 460 000 new jobs in the EU-27 by 2027 and will have an impact on the EU’s economy equivalent to a 1.03 percentage point increase in GDP;

4. Notes that the EIB’s total disbursements amounted to EUR 54.4 billion in 2023 (of which EUR 53.4 billion under the EIB’s own resources), compared to EUR 54.3 billion (of which EUR 53.3 billion under the EIB’s own resources) in 2022; notes that the EIF’s disbursements on private equity investments amounted to EUR 139.7 million in 2023, compared to EUR 113.7 million in 2022; observes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the overall investment signed within the EU by the EIB Group in 2023 alone will create about 1 460 000 new jobs in the EU-27 by 2027 and will have an impact on the EU’s economy equivalent to a 1.03 percentage point increase in GDP; calls on the EIB Group to ensure a more balanced geographical distribution of investments aiming to maximize its impact across all EU regions to promote cohesive and inclusive growth throughout the Union, with particular attention to underrepresented and less developed areas;

Or. en

Amendment 35

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 4

Motion for a resolution

Amendment

4. Notes that the EIB’s total disbursements amounted to EUR 54.4 billion in 2023 (of which EUR 53.4 billion under the EIB’s own resources), compared to EUR 54.3 billion (of which EUR 53.3 billion under the EIB’s own resources) in 2022;observes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the overall investment signed within the EU by the EIB Group in 2023 alone will create about 1 460 000 new jobs in the EU-27 by 2027 and will have an impact on the EU’s economy equivalent to a 1.03 percentage point increase in GDP;

4. Notes that the EIB’s total disbursements amounted to EUR 54.4 billion in 2023 (of which EUR 53.4 billion under the EIB’s own resources), compared to EUR 54.3 billion (of which EUR 53.3 billion under the EIB’s own resources) in 2022; highlights however that the increase in nominal value is significantly bellow the inflation index; observes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the overall investment signed within the EU by the EIB Group in 2023 alone will create about 1 460 000 new jobs in the EU-27 by 2027 and will have an impact on the EU’s economy equivalent to a 1.03 percentage point increase in GDP;

Or. en

Amendment 36

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 4

Motion for a resolution

Amendment

4. Notes that the EIB’s total disbursements amounted to EUR 54.4 billion in 2023 (of which EUR 53.4 billion under the EIB’s own resources), compared to EUR 54.3 billion (of which EUR 53.3 billion under the EIB’s own resources) in 2022;observes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the overall investment signed within the EU by the EIB Group in 2023 alone will create about 1 460 000 new jobs in the EU-27 by 2027 and will have an impact on the EU’s economy equivalent to a 1.03 percentage point increase in GDP;

4. Highlights that the EIB’s total disbursements reached EUR 54.4 billion in 2023, with EUR 53.4 billion from its own resources, compared to EUR 54.3 billion (EUR 53.3 billion from own resources) in 2022; notes that, according to an economic model developed by the EIB’s Economics Department and the Commission’s Joint Research Centre, the EIB Group’s overall investment within the EU in 2023 is expected to create around 1,460,000 new jobs in the EU-27 by 2027 and boost the EU’s GDP by 1.03 percentage points;

Or. en

Amendment 37

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 4

Motion for a resolution

Amendment

4. Notes that the EIB’s total disbursements amounted to EUR 54.4 billion in 2023 (of which EUR 53.4 billion under the EIB’s own resources), compared to EUR 54.3 billion (of which EUR 53.3 billion under the EIB’s own resources) in 2022;observes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the overall investment signed within the EU by the EIB Group in 2023 alone will create about 1 460 000 new jobs in the EU-27 by 2027 and will have an impact on the EU’s economy equivalent to a 1.03 percentage point increase in GDP;

4. Notes that the EIB’s total disbursements amounted to EUR 54.4 billion in 2023 (of which EUR 53.4 billion under the EIB’s own resources), compared to EUR 54.3 billion (of which EUR 53.3 billion under the EIB’s own resources) in 2022;observes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the overall investment signed within the EU by the EIB Group in 2023 alone could potentially create about 1 460 000 new jobs in the EU-27 by 2027 and might possibly have an impact on the EU’s economy equivalent to a 1.03 percentage point increase in GDP;

Or. fr

Amendment 38

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 4 a (new)

Motion for a resolution

Amendment

4 a. Reminds that EIB’s Statute requires an equitable geographical representation, and that the selection of staff members is to be based on merit but is also to take into account an equitable representation of nationals of Member States.; encourages the Bank to constantly monitor the representation of nationals of Member States within its staff and to adapt accordingly the recruitment process;

Or. en

Amendment 39

Ondřej Knotek, Tamás Deutsch, Virginie Joron

Motion for a resolution

Paragraph 4 b (new)

Motion for a resolution

Amendment

4 b. Is aware that EIB Group maintains a stringent policy against tax fraud, tax evasion, tax avoidance, money laundering and terrorism financing;

Or. en

Amendment 40

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 5

Motion for a resolution

Amendment

5. Welcomes the adoption, on 13 December 2023, of the EIB Group Operational Plan 2024-2026, which summarises the priorities set and activities to be carried out to deliver the EIB Group’s strategy for the next three years; is aware that to increase higher-risk activities and mandates is material to the need of providing effective support to higher value-added and innovative sectors;

Or. en

Amendment 41

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 5

Motion for a resolution

Amendment

5. Welcomes the adoption, on 13 December 2023, of the EIB Group Operational Plan 2024-2026, which summarises the priorities set and activities to be carried out to deliver the EIB Group’s strategy for the next three years; calls for alignment with the new market conditions should be insured, including the need to cut red tape and the reform of green policies;

Or. en

Amendment 42

Maria Grapini

Motion for a resolution

Paragraph 5

Motion for a resolution

Amendment

5. Welcomes the adoption, on 13 December 2023, of the EIB Group Operational Plan 2024-2026, which summarises the priorities set and activities to be carried out to deliver the EIB Group’s strategy for the next three years, in such a way that barriers to access to financing for SMEs can be eliminated;

Or. ro

Amendment 43

Virginie Joron, Julien Sanchez, Tamás Deutsch

Motion for a resolution

Paragraph 5

Motion for a resolution

Amendment

5. Notes the adoption, on 13 December 2023, of the EIB Group Operational Plan 2024-2026, which summarises the priorities set and activities to be carried out to deliver the EIB Group’s strategy for the next three years;

Or. fr

Amendment 44

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 5 a (new)

Motion for a resolution

Amendment

5a. Regrets that those priorities are aligned with those of the EU, which are often extremely costly and whose effects are detrimental to European competitiveness, such as the Green Deal or REPowerEU; points out also that the EU’s external action policy creates situations that are sometimes contrary to the European interest (financing of oligarchs, of terrorist movements, etc.);

Or. fr

Amendment 45

Ondřej Knotek, Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 6

Motion for a resolution

Amendment

6. Recalls that the EIB Group has been assigned 75 % (EUR 19.6 billion) of the EU budgetary guarantee provided under the InvestEU Regulation2 ; highlights that in 2023 alone, the EIB approved 30 operations under InvestEU for a total of EUR 9.1 billion; is aware that the EU is not keeping pace with its competitors and investments are needed, largely coming from the private sector; believes that focusing on innovative projects, start-up and scale-ups would increase European competitiveness and growth; observes that this requires mobilising private investments; points out that EIB could have a higher role in strategic de-risking by guarantees, fostering the intervention of private capital investors;

_________________

2 Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021 establishing the InvestEU Programme and amending Regulation (EU) 2015/1017 (OJ L 107, 26.3.2021, p. 30, ELI: http://data.europa.eu/eli/reg/2021/523/oj).

Or. en

Amendment 46

Maria Grapini

Motion for a resolution

Paragraph 6

Motion for a resolution

Amendment

_________________

Or. ro

Amendment 47

Tamás Deutsch, Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 7 a (new)

Motion for a resolution

Amendment

7 a. Emphasises that simplification efforts must go hand in hand with a return to the principles of subsidiarity and national ownership; stresses that Member States are best placed to assess their own priorities and should have the flexibility to shape the design and implementation of financial instruments without undue interference from EU-level bodies;

Or. en

Amendment 48

Kinga Kollár

Motion for a resolution

Paragraph 8

Motion for a resolution

Amendment

8. Highlights that the EIB is managing six Recovery and Resilience Facility (RRF) mandates in four Member States, signed in 2021 (Greece and Italy), in 2022 (Romania) and in 2024 (Spain), for an overall value of EUR 8.7 billion; understands, however, that the introduction of instruments based on ‘financing not linked to costs’, which have greatly grown in volume with the RRF, objectively increases the risk of errors and mismanagement, in particular double funding; calls on the Commission and on the EIB, in its capacity as a main partner and advisor, to refrain from submitting from any new proposals that use the RRF as a blueprint for setting financing mechanisms, including in the Commission’s upcoming proposal for a multiannual financial framework for the period after 2027; reiterates that the simplification that the EIB pursues should not come at the cost of weakening the soundness of the management of EU’s resources and eroding the possibility to exercise scrutiny to keep the relevant actors accountable, as established under the Treaties;

8. Highlights that the EIB is managing six Recovery and Resilience Facility (RRF) mandates in four Member States, signed in 2021 (Greece and Italy), in 2022 (Romania) and in 2024 (Spain), for an overall value of EUR 8.7 billion; understands, however, that the introduction of instruments based on ‘financing not linked to costs’, which have greatly grown in volume with the RRF, increases the risk of errors and risk of double funding; expresses its concern about the transparency, auditing and monitoring of the implementation of the RRF; calls on the EIB to cooperate with Members States to face the government capacity constraints and the lack of technical skills to ensure that RRF resources are managed most effectively, in alignment with national structures and complying with all RRF reporting requirements, especially in the implementation of investments projects and reforms; reiterates that the simplification that the EIB pursues should not come at the cost of weakening the soundness of the management of EU’s resources and eroding the possibility to exercise scrutiny to keep the relevant actors accountable, as established under the Treaties;

Or. en

Amendment 49

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 8

Motion for a resolution

Amendment

8. Emphasizes that the EIB is overseeing six Recovery and Resilience Facility (RRF) mandates across four Member States, signed in 2021 (Greece and Italy), 2022 (Romania), and 2024 (Spain), totaling EUR 8.7 billion; acknowledges that the adoption of 'financing not linked to costs' instruments, which have significantly expanded with the RRF, inherently raises the risk of errors and mismanagement, particularly double funding; urges the Commission and the EIB, in its advisory role, to avoid proposing new financing mechanisms on the model of the RRF without taking corrective measures including in the upcoming post-2027 multiannual financial framework; stresses that while the EIB seeks simplification, it must not compromise the integrity of EU resource management or the ability to maintain oversight and accountability, as mandated by the Treaties;

Or. en

Amendment 50

Rudi Kennes

Motion for a resolution

Paragraph 8 a (new)

Motion for a resolution

Amendment

8 a. Reminds that projects under the Just Transition scheme of the InvestEU should contribute to the EU’s Just Transition objective to leave no one behind; stresses the importance of ensuring additionality of guarantees in order to avoid crowding out private finance or public finance without the guarantees, and of prioritising projects that otherwise couldn’t be implemented; notes a lack of a balanced geographical spread of InvestEU projects across the EU; calls on the EIB to align its InvestEU finance with the programme’s key objective to contribute to socio-economic convergence and cohesion of the Union;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 51

Tamás Deutsch, Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 8 a (new)

Motion for a resolution

Amendment

8 a. Underlines that the Recovery and Resilience Facility must not serve as a blueprint for future centralised financial tools that circumvent Member State budgetary sovereignty; insists that future frameworks must respect national competences, avoid conditionality based on political alignment, and be grounded in democratic accountability at the national level;

Or. en

Amendment 52

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 9

Motion for a resolution

Amendment

9. Notes the EIB’s continued support for security of supply, which mainly takes the form of reinforcing electricity grids and cross-border infrastructure, of reducing energy demand through energy efficiency projects and of fostering low-carbon power generation; underlines that the EIB has supported new dimensions of energy security, such as demand response and energy storage, and has promoted the development of a sustainable supply of critical raw materials needed for the energy transition; calls for an urgent analysis of the real impact of these projects implemented so far, especially on their impact on the availability and cost of energy and thus on the general competitiveness of the European companies.

Or. en

Amendment 53

Julien Sanchez, Virginie Joron, Tamás Deutsch, Ondřej Knotek

Motion for a resolution

Paragraph 9

Motion for a resolution

Amendment

9. Notes the EIB’s continued support for security of supply, which mainly takes the form of reinforcing electricity grids and cross-border infrastructure, of reducing energy demand through energy efficiency projects and of fostering low-carbon power generation; calls on the EIB in this regard to invest in the existing nuclear network and in the next generations of reactors, with a view to ensuring clean and continuous energy; underlines that the EIB has supported new dimensions of energy security, such as demand response and energy storage, and has promoted the development of a sustainable supply of critical raw materials needed for the energy transition;

Or. fr

Amendment 54

Tomáš Zdechovský

Motion for a resolution

Paragraph 9

Motion for a resolution

Amendment

Or. en

Amendment 55

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 10

Motion for a resolution

Amendment

10. Reiterates its call to tackle energy poverty and recalls that the energy crisis is fuelling inflationary pressures, increasing food insecurity and squeezing household budgets, and invites the EIB to use the Just Transition Mechanism and the Modernisation Fund to support the regions and populations most affected by the energy transition; is aware that many sectors are facing increasing challenges because of the joint effect of adaptation to Green Deal objectives and the consequences of the energy crisis and the rise in inflation; calls on the EIB to step up its efforts to lower the cost of capital of clean technologies;

10. Reiterates its call to tackle energy poverty and emphasizes the need for a fair and inclusive energy transition; recalls that the energy crisis is fuelling inflationary pressures, increasing food insecurity and squeezing household budgets, and invites the EIB to use the Just Transition Mechanism and the Modernisation Fund to support the regions and populations most affected by the energy transition; stresses the importance of using the Just Transition Mechanism to support workers and regions affected by the phase-out of fossil fuels, ensuring access to retraining and quality jobs; is aware that many sectors are facing increasing challenges because of the joint effect of adaptation to Green Deal objectives and the consequences of the energy crisis and the rise in inflation; stresses that to accelerate the deployment of innovative low-carbon technologies requires bringing their costs to a level that is competitive with fossil fuels; calls on the EIB to step up its efforts to lower the cost of capital of clean technologies, de-risking investments which are also material to increased competitiveness and energy independence and thereby attracting private sector investment; calls on the EIB to prioritize financing for decentralized renewable energy projects, particularly community-led initiatives, and to introduce social safeguards ensuring that clean energy investments do not lead to energy price increases for vulnerable consumers;

Or. en

Amendment 56

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 10

Motion for a resolution

Amendment

Or. en

Amendment 57

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 10

Motion for a resolution

Amendment

10. Reaffirms the need to address energy poverty and acknowledges that the energy crisis is exacerbating inflation, increasing food insecurity, and straining household budgets; encourages the EIB to leverage the Just Transition Mechanism and the Modernisation Fund to support regions and populations most impacted by the energy transition; recognizes that numerous sectors are grappling with challenges due to the combined effects of adapting to Green Deal objectives and the repercussions of the energy crisis and inflation; urges the EIB to intensify efforts to reduce the cost of capital for clean technologies;

Or. en

Amendment 58

Julien Sanchez, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 10 a (new)

Motion for a resolution

Amendment

10a. Points out that the rise in energy poverty in recent years has been the result of poor European policy choices, particularly with regard to Europe’s supply choices, especially since the war in Ukraine;

Or. fr

Amendment 59

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 11

Motion for a resolution

Amendment

11. Notes that in July 2023, the EIB Group increased the financing targets of the October 2022 commitment from EUR 30.0 billion until 2027 to EUR 45.0 billion (REPowerEU+), in order to scale up its efforts to support the EU’s energy security;

11. Acknowledges that REPower-EU Plan is the crucial new element in the EU policy response to the energy crisis; notes that in July 2023, the EIB Group increased the financing targets of the October 2022 commitment from EUR 30.0 billion until 2027 to EUR 45.0 billion (REPowerEU+), in order to scale up its efforts to support the EU’s energy security;

Or. en

Amendment 60

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 11

Motion for a resolution

Amendment

Or. en

Amendment 61

Rudi Kennes

Motion for a resolution

Paragraph 11 a (new)

Motion for a resolution

Amendment

11 a. Recalls that the EIB’s Paris Alignment for Counterparties framework aims at ensuring for financed projects to be aligned with the Paris Agreement; calls on the EIB to end the exemptions in the framework and apply the rules to all promoters in order to stimulate competitive renewable energy and clean technology markets;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 62

Maria Grapini

Motion for a resolution

Paragraph 12

Motion for a resolution

Amendment

12. Underlines that in 2023, the EIB provided approximately EUR 21.4 billion of financing for energy-related projects, of which around EUR 19.8 billion in the EU and EUR 1.6 billion outside the EU;

12. Underlines that in 2023, the EIB provided approximately EUR 21.4 billion of financing for energy-related projects, of which around EUR 19.8 billion in the EU and EUR 1.6 billion outside the EU; believes it necessary to increase financing for energy-related projects, but also to increase energy efficiency;

Or. ro

Amendment 63

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 12 a (new)

Motion for a resolution

Amendment

12 a. Reiterates that all EIB financing must be fully aligned with the Paris Agreement and the EU’s Fit for 55 objectives; calls on the EIB to accelerate its exit from fossil fuel-related financing by ending all direct and indirect support for fossil fuel infrastructure, including gas projects, by 2025 at the latest; emphasizes the need for rigorous due diligence to prevent the financing of fossil fuel expansion through financial intermediaries;

Or. en

Amendment 64

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 12 a (new)

Motion for a resolution

Amendment

12 a. Underlines the importance of the EIB combined offer of competent technical assistance and innovative financial support and encourages the Bank to widen the range of innovative financing products offered to the economic operators, to go behind the standard market offer;

Or. en

Amendment 65

Kinga Kollár

Motion for a resolution

Paragraph 13

Motion for a resolution

Amendment

13. Believes that hydrogen and its derivatives, especially when obtained from renewable sources, can play a role in meeting the EU’s decarbonisation objectives and reducing fossil fuel dependence; calls on the EIB to play a key role in mobilising private investments which are essential to scaling up hydrogen production across the EU, while ensuring technological neutrality and supporting a diverse range of innovative solutions for decarbonisation;

Or. en

Amendment 66

Tomáš Zdechovský

Motion for a resolution

Paragraph 13

Motion for a resolution

Amendment

13. Notes that hydrogen and its derivatives, especially when obtained from renewable sources, can play a role in meeting the EU’s decarbonisation objectives and reducing fossil fuel dependence; calls on the EIB to play a key role in mobilising private investments, including in further scientific research aimed at enhancing and stabilizing the efficiency of hydrogen technology;

Or. en

Amendment 67

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 13

Motion for a resolution

Amendment

13. Believes that hydrogen and its derivatives, especially when obtained from renewable sources, can play a role in meeting the EU’s decarbonisation objectives and reducing fossil fuel dependence; calls on the EIB to play a key role in mobilising private investments, while further exploring the cost-effectiveness of such projects from the perspective of total cycle process;

Or. en

Amendment 68

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 13

Motion for a resolution

Amendment

13. Believes that hydrogen and its derivatives, particularly when sourced from renewable energy, can significantly contribute to the EU’s decarbonization goals and reduce dependence on fossil fuels; urges the EIB to take a leading role in mobilizing private investments in this area;

Or. en

Amendment 69

Tamás Deutsch, Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 13 a (new)

Motion for a resolution

Amendment

13 a. Reiterates that Member States have the sovereign right to determine their national energy mix and to pursue energy strategies suited to their economic, geographic, and social realities; insists that EIB support must not be used to promote uniform green transition models that disregard national energy security needs or impose disproportionate costs on citizens;

Or. en

Amendment 70

Kinga Kollár

Motion for a resolution

Paragraph 13 a (new)

Motion for a resolution

Amendment

13 a. Welcomes the significant role that the EIB Group plays in supporting the EU's defence and security policy by providing financing for projects that enhance the Union’s strategic autonomy and resilience; stresses the importance of the EIB investment capabilities, supporting initiatives that contribute to strengthening the EU's defence industry, advancing cybersecurity infrastructure, and promoting innovation in critical defence technologies;

Or. en

Amendment 71

Kinga Kollár

Motion for a resolution

Paragraph 14

Motion for a resolution

Amendment

14. Stresses that in May 2024, the EIB’s Board of Directors approved the EIB Group Security and Defence Action Plan to step up support for the EU’s security and defence industry; points out that EIB Group support is provided to SMEs and innovative start-ups within the security and defence sector under the ‘dual use’ principle, upholding the ‘credible civil use’ criterion but discontinuing the revenue test; welcomes the EIB’s continued and enhanced role in strengthening Europe’s security through targeted investments in both defence and civilian infrastructure; emphasizes the need for strategic investment in technologies that serve both civilian and defence purposes, in line with the EU’s broader goals of promoting innovation and enhancing the Union's security; calls then a dedicated capital allocation on defence and the further adjustment of the scope of eligible investments to meet the ambitious role to contribute to Europe’s peace and security that the White Paper on European Defence Readiness 2030 sets for the EIB Group;

Or. en

Amendment 72

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 14

Motion for a resolution

Amendment

Or. en

Amendment 73

Tomáš Zdechovský

Motion for a resolution

Paragraph 14

Motion for a resolution

Amendment

14. Stresses that in May 2024, the EIB’s Board of Directors approved the EIB Group Security and Defence Action Plan to step up support for the EU’s security and defence industry and welcomes that in the recent statement from March 2025 the EIB Group has announced further expansion of these eligibilities; points out that EIB support is provided to SMEs and innovative start-ups within the security and defence sector under the ‘dual use’ principle, upholding the ‘credible civil use’ criterion but discontinuing the revenue test;

Or. en

Amendment 74

Maria Grapini

Motion for a resolution

Paragraph 14

Motion for a resolution

Amendment

Or. ro

Amendment 75

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 14

Motion for a resolution

Amendment

14. Highlights that in May 2024, the EIB’s Board of Directors endorsed the EIB Group Security and Defense Action Plan to enhance support for the EU’s security and defense industry; notes with satisfaction that EIB support is extended to SMEs and innovative start-ups in the security and defense sector under the ‘dual use’ principle, maintaining the ‘credible civil use’ criterion while eliminating the revenue test;

Or. en

Amendment 76

Tomáš Zdechovský

Motion for a resolution

Paragraph 14

Motion for a resolution

Amendment

14. Welcomes that in May 2024, the EIB’s Board of Directors approved the EIB Group Security and Defence Action Plan to step up support for the EU’s security and defence industry; points out that EIB support is provided to SMEs and innovative start-ups within the security and defence sector under the ‘dual use’ principle, upholding the ‘credible civil use’ criterion but discontinuing the revenue test;

Or. en

Amendment 77

Erik Marquardt

on behalf of the Greens/EFA Group

Motion for a resolution

Paragraph 14 a (new)

Motion for a resolution

Amendment

14 a. Welcomes the further extension of the EIB groups' eligibility criteria to dual-use goods; welcomes the EIB group 2022 Strategic European Security Initiative aimed at supporting innovation in dual-use technology; stresses that EIB investments should focus on innovative projects but not expendable products like ammunition, stresses that greater EIB investment in the defence sector can encourage commercial banks' investment in the sector; calls on the EIB group to conduct a review of the impact of the extension of its new dual-use goods policy and insists that any further extension of lending in the sector should only take place if that has no negative impact on the overall financing costs of the bank or its investment pipeline, or on contributing to the financing of the investments needed for enabling the EU to reach its climate goals;

Or. en

Amendment 78

Rudi Kennes

Motion for a resolution

Paragraph 14 a (new)

Motion for a resolution

Amendment

14 a. Reminds that in 2022 the EIB adopted a consolidated list of the Bank’s exclusions, which applies to all operations whether direct or intermediated, preventing finance of military purpose goods like weapons and ammunition; voices the call by several civil society organisations not to increase defence spending; is concerned that the extension of the definition of the ‘dual use’ principle is leading the EIB to finance the military sector, which is beyond its core objectives;3a

_________________

3a https://eib.org/en/publications/eib-eligibility-excluded-activities-and-excluded-sectors-list

Or. en

Amendment 79

Rudi Kennes

Motion for a resolution

Paragraph 14 b (new)

Motion for a resolution

Amendment

14 b. Reminds that the EIB should act on its core public policy objectives such as financing climate action, environmental sustainability, and economic and social cohesion, and the priority should be to finance projects that go in the direction of benefitting the environment and society, addressing the cost of living crisis and the climate emergency;

Or. en

Amendment 80

Tomáš Zdechovský

Motion for a resolution

Paragraph 15

Motion for a resolution

Amendment

15. Underlines the added value of the innovative measures that the EIB has adopted to accelerate investments in security and defence, and of the ‘one-stop shop’ that acts as the single point of entry for clients and external stakeholders, to whom it offers expert assistance to facilitate access to EIB Group support; encourages the EIB to continue developing and implementing measures that simplify client procedures and further accelerate investment processes;

Or. en

Amendment 81

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 15

Motion for a resolution

Amendment

15. Underlines the added value of the innovative measures that the EIB has adopted to accelerate investments in security and defence, and of the ‘one-stop shop’ that acts as the single point of entry for clients and external stakeholders, to whom it offers expert assistance to facilitate access to EIB Group support; calls for a detailed presentation of such “innovative measures” to be agreed upon by all European Institutions and Member States;

Or. en

Amendment 82

Rudi Kennes

Motion for a resolution

Paragraph 15

Motion for a resolution

Amendment

15. Regrets the innovative measures that the EIB has adopted to accelerate investments in security and defence; calls on the EIB to maintain its policies and carry out lending in a way that will ensure AAA rating is preserved;

Or. en

Amendment 83

Kinga Kollár

Motion for a resolution

Paragraph 15 a (new)

Motion for a resolution

Amendment

15 a. Invites the EIB to further strengthen synergies with EU defence programs, aligning more closely with EU-wide initiatives; emphasizes to the Bank the need to ensure that its investments complement broader EU defence policy goals and contribute to achieving economies of scale in European defence capabilities;

Or. en

Amendment 84

Kinga Kollár

Motion for a resolution

Paragraph 15 b (new)

Motion for a resolution

Amendment

15 b. Asks the EIB to expand its focus on enhancing regional security and resilience, particularly in Eastern Europe and the Mediterranean to enhance cohesion and solidarity across the Union, emphases the important role of the Bank can play in the creation of an infrastructure that supports regional security and fosters greater cooperation between EU Member States in defence matters;

Or. en

Amendment 85

Tomáš Zdechovský

Motion for a resolution

Paragraph 16

Motion for a resolution

Amendment

16. Is aware that in June 2023, the EIB approved an increase in the Strategic European Security Initiative for security investments in the EU from EUR 6.0 billion to EUR 8.0 billion for the period from 2022 to 2027, also including the space and cybersecurity sectors; encourages the EIB to strengthen institutional partnerships with the EU Agency for the Space Programme and other potentially relevant partners;

16. Notes with appreciation that in June 2023, the EIB approved an increase in the Strategic European Security Initiative for security investments in the EU from EUR 6.0 billion to EUR 8.0 billion for the period from 2022 to 2027, also including the space and cybersecurity sectors; encourages the EIB to strengthen institutional partnerships with the EU Agency for the Space Programme and other potentially relevant partners;

Or. en

Amendment 86

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 16

Motion for a resolution

Amendment

Or. en

Amendment 87

Kinga Kollár

Motion for a resolution

Paragraph 16

Motion for a resolution

Amendment

16. Notes that in June 2023, the EIB approved an increase in the Strategic European Security Initiative for security investments in the EU from EUR 6.0 billion to EUR 8.0 billion for the period from 2022 to 2027, also including the space and cybersecurity sectors; encourages the EIB to strengthen institutional partnerships with the EU Agency for the Space Programme and other potentially relevant partners;

Or. en

Amendment 88

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 17

Motion for a resolution

Amendment

17. Appreciates the EIB’s cooperation with the European Defence Agency and welcomes the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024;

17. Appreciates the EIB’s cooperation with the European Defence Agency and welcomes the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024 which will allow to jointly identify financing needs and to better support research, development and innovation (RDI)in the area of security and defence in the Union;

Or. en

Amendment 89

Tomáš Zdechovský

Motion for a resolution

Paragraph 17

Motion for a resolution

Amendment

17. Appreciates the EIB’s cooperation with the European Defence Agency and welcomes the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024;

17. Commends the cooperation with all the relevant stakeholders, including EU governments, the European Defence Agency (EDA) and NATO Innovation Fund; particularly appreciates the EIB’s cooperation with the EDA and welcomes the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024;

Or. en

Amendment 90

Kinga Kollár

Motion for a resolution

Paragraph 17

Motion for a resolution

Amendment

17. Appreciates the EIB’s cooperation with the European Defence Agency and welcomes the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024;

17. Appreciates the EIB Group’s cooperation with the NATO Innovation Fund and the European Defence Agency and welcomes the signing of an update to the memorandum of understanding with the latter to further strengthen these strategic partnerships on 3 October 2024;

Or. en

Amendment 91

Julien Sanchez, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 17

Motion for a resolution

Amendment

17. Appreciates the EIB’s cooperation with the European Defence Agency and welcomes the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024;

17. Notes the EIB’s cooperation with the European Defence Agency and the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024;

Or. fr

Amendment 92

Rudi Kennes

Motion for a resolution

Paragraph 17

Motion for a resolution

Amendment

17. Appreciates the EIB’s cooperation with the European Defence Agency and welcomes the signing of an update to the memorandum of understanding between the two bodies on 3 October 2024;

deleted

Or. en

Amendment 93

Eero Heinäluoma

Motion for a resolution

Paragraph 17 a (new)

Motion for a resolution

Amendment

17 a. Underlines the important and growing role played by the EIB in providing funding and leveraging private investment for security and defence, in particular following Russia’s illegal, unprovoked and unjustified full-scale invasion of Ukraine in February 2022; appreciates that security and defence is set as one of the Bank’s core priorities in its Strategic Roadmap for 2024-27;

Or. en

Amendment 94

Eero Heinäluoma

Motion for a resolution

Paragraph 17 b (new)

Motion for a resolution

Amendment

17 b. Welcomes the adoption of the Action Plan for Security and Defence in May 2024, adapting the EIB lending policy to reinforce its financing for the European security and defence industry; welcomes, therein, the waiving of the “revenue test” for dual-use goods and infrastructure, the opening of its dedicated SME credit lines also to companies active in security and defence, and the establishment of a one-stop shop and task force to streamline access and speed up deployment of financing available under the Strategic European Security Initiative (SESI);

Or. en

Amendment 95

Eero Heinäluoma

Motion for a resolution

Paragraph 17 c (new)

Motion for a resolution

Amendment

17 c. Stresses the importance of SMEs, start-ups and mid-caps in the security and defence industry and in developing a common European market for defence; believes that smaller actors play a crucial role in strengthening the Union’s capacity and autonomy to develop innovative defence products; encourages the EIB to further support cross-border R&D cooperation, particularly by paving the way for smaller actors to take part in the defence supply chains;

Or. en

Amendment 96

Eero Heinäluoma

Motion for a resolution

Paragraph 17 d (new)

Motion for a resolution

Amendment

17 d. Welcomes the decision by the Board of Governors in July 2024 to increase the Gearing Ratio of the Bank from 250 percent to 290 percent, thereby enabling increased investments in areas of strategic importance, including in security and defence;

Or. en

Amendment 97

Eero Heinäluoma

Motion for a resolution

Paragraph 17 e (new)

Motion for a resolution

Amendment

17 e. Encourages the EIB to continue strengthening partnerships and collaboration with key stakeholders, such as Member States’ Ministries of Defence, the European Commission, the European Defence Agency, the European Space Agency, National Promotional Banks and NATO, with a view to increasing impact, synergies and complementarity; stresses, further, the importance of exploring cooperation with the NATO Innovation Fund in order to improve access to finance for technology start-ups, in parallel to the deployment of the EIF Defence Equity Facility;

Or. en

Amendment 98

Eero Heinäluoma

Motion for a resolution

Paragraph 17 f (new)

Motion for a resolution

Amendment

17 f. Welcomes the decision of the EIB Board of Directors of 21 March 2025 to expand the Bank’s eligibilities for financing Europe’s security and defence industry and infrastructure, by ensuring that excluded activities are as limited as possible in scope; welcomes, further, the integration of the EIB’s existing EUR 8 billion Strategic European Security Initiative (SESI) into a cross-cutting and permanent public policy goal and the removal of a predefined ceiling for financing in this area; believes that these measures will allow the Bank to respond to the investment needs in security and defence, while safeguarding its operations and strong financial position;

Or. en

Amendment 99

Kinga Kollár

Motion for a resolution

Paragraph 17 a (new)

Motion for a resolution

Amendment

17 a. Welcomes the EIB Group’s actions and measures in housing and social infrastructure that contribute to affordable housing, social inclusion, and regional development, while also supporting sustainability and innovation; calls on the EIB to prioritise its investments to these goals in order to achieve better economic growth, social inclusion, and regional cohesion while also supporting the EU's sustainability objectives; invites the Bank to focus on sustainable urban development and inclusive growth by ensuring that the EU’s housing and infrastructure needs are met for a stronger, more cohesive, and prosperous Europe;

Or. en

Amendment 100

Maria Grapini

Motion for a resolution

Paragraph 17 a (new)

Motion for a resolution

Amendment

17a. Recalls that, in its Cohesion Orientation for 2021-2027, the EIB committed to step up its support for less-developed and transition regions by dedicating at least 40 % of its total funding in the European Union to projects in cohesion regions in the period 2023-2024; welcomes the fact that the actual EIB funding for the European Union's cohesion priority regions amounted to EUR 29,8 billion in 2023, equivalent to 45 % of the Bank’s total signatures in the European Union;

Or. ro

Amendment 101

Maria Grapini

Motion for a resolution

Paragraph 17 b (new)

Motion for a resolution

Amendment

17b. Welcomes the fact that the Bank’s continued focus on gender equality and women’s economic capacity in 2023 led to a continuous increase in volumes and investments in this area, totalling EUR 5.8 billion (compared to EUR 5.1 billion in 2022); calls on the EIB Group to ensure that gender equality and women’s economic empowerment are mainstreamed into all EIB activities;

Or. ro

Amendment 102

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 18

Motion for a resolution

Amendment

18. Stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education are vital for increasing productivity and contribute to strong and resilient societies;

18. Emphasizes that housing purchase and rental costs have surged significantly in recent years, reducing the affordability of many metropolitan areas in the EU and limiting access to housing; welcomes the inclusion of social infrastructure support in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable, and accessible housing, and education are crucial for boosting productivity and fostering strong, resilient societies; calls on the Bank to strengthen support for healthcare capacities both within and outside of the EU, thus ensuring a stronger role for Europe in the world;

Or. en

Amendment 103

Maria Grapini

Motion for a resolution

Paragraph 18

Motion for a resolution

Amendment

18. Stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education are vital for increasing productivity and contribute to strong and resilient societies;

Or. ro

Amendment 104

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 18

Motion for a resolution

Amendment

18. Stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education are vital for increasing productivity and contribute to strong and resilient societies;

18. Stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; stresses that the EIB must play a stronger role in addressing the housing crisis; welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education are vital for increasing productivity and contribute to strong and resilient societies; encourages the EIB to prioritize investments in housing cooperatives, energy-efficient social housing, and renovation projects targeting low-income households;

Or. en

Amendment 105

Rudi Kennes

Motion for a resolution

Paragraph 18

Motion for a resolution

Amendment

18. Stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education are vital for increasing productivity and contribute to strong and resilient societies;

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 106

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 18

Motion for a resolution

Amendment

18. Stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education are vital for increasing productivity and contribute to strong and resilient societies;

18. Stresses that housing purchase and rental prices have increased significantly in recent years, in particular because of the unrealistic new energy standards imposed by European legislation diminishing the affordability of many metropolitan areas in the EU, thereby compromising access to these; notes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027;

Or. fr

Amendment 107

Kinga Kollár

Motion for a resolution

Paragraph 18

Motion for a resolution

Amendment

18. Stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education are vital for increasing productivity and contribute to strong and resilient societies;

18. Welcomes the inclusion of support for social infrastructure in the EIB Group’s eight strategic priorities for 2024-2027 and agrees that investments in energy-efficient, sustainable and accessible housing, state-of-the-art healthcare, and education within easy reach are vital for increasing productivity and contribute to strong and resilient societies;

Or. en

Amendment 108

Tomáš Zdechovský

Motion for a resolution

Paragraph 18 a (new)

Motion for a resolution

Amendment

18 a. Welcomes that the EIB, in collaboration with the European Commission, has initiated a pan-European investment platform aimed and promoting affordable and sustainable housing; encourages all the germane actors to continue this initiative;

Or. en

Amendment 109

Ondřej Knotek, Tamás Deutsch

Motion for a resolution

Paragraph 18 a (new)

Motion for a resolution

Amendment

18 a. Welcomes the setting together with the European Commission of a pan-European investment platform for affordable and sustainable housing combining advisory services and financing;

Or. en

Amendment 110

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 18 a (new)

Motion for a resolution

Amendment

18 a. Notes that, in 2023, the EIB signed EUR 8.3 billion in energy efficiency operations, of which 65% was for energy efficiency in buildings;

Or. en

Amendment 111

Ondřej Knotek, Julien Sanchez

Motion for a resolution

Paragraph 18 b (new)

Motion for a resolution

Amendment

18 b. Emphasises that EIB analysis shows that the EU needs about 1.5 million new housing units per year to cope with demand, and that about 75% of EU building stock need to be renovated, representing an additional 5 million units each year;

Or. en

Amendment 112

Kinga Kollár

Motion for a resolution

Paragraph 19

Motion for a resolution

Amendment

19. Believes that cooperation with local authorities, local governments and civil society representatives should foster the development of social housing; is aware that the effectiveness of the EIB’s action in the housing and social infrastructure sector also depends on the removal of policy and regulatory hurdles;

19. Welcomes the EIB commitment to easing the pressure on housing markets in Europe; stresses that housing purchase and rental prices have increased significantly in recent years, diminishing the affordability of many metropolitan areas in the EU and compromising access to these; welcomes that the EIB’s supports the reconstruction of existing housing and the construction of new social and affordable accommodation; encourages the EIB to mobilise more funding for affordable housing projects among the Member States; believes that cooperation with local authorities, local governments and civil society representatives should foster the development of social housing; is aware that the effectiveness of the EIB’s action in the housing and social infrastructure sector also depends on the removal of policy and regulatory hurdles; welcomes the launch of a pan-European investment platform for affordable and sustainable housing, together with the European Commission;

Or. en

Amendment 113

Rudi Kennes

Motion for a resolution

Paragraph 19

Motion for a resolution

Amendment

19. Believes that cooperation with local authorities, local governments and civil society representatives (including cooperative, social, and community-led housing providers) should foster the development of housing provisions suitable for all, and especially for the most vulnerable; calls for the expanding technical assistance for local and regional authorities to develop affordable and social housing investment plans supporting housing quotas according to predefined local needs, especially in regions with low investment capacity; calls on the EIB to take into account the differentiated burden of housing costs on different income groups and family structures and set investment targets for supporting socially responsible renovations, projects aiming at reuse of buildings and materials, and reuse of vacant buildings; stresses that engaging in risky financing schemes for affordable and social housing such as securitised loans, bundling loans for housing renovation and selling them on to other investors should be avoided;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 114

Julien Sanchez, Virginie Joron

Motion for a resolution

Paragraph 19

Motion for a resolution

Amendment

19. Believes that cooperation with local authorities, local governments and civil society representatives should foster the development of social housing that primarily benefits the citizens of the EU country concerned; is aware that the effectiveness of the EIB’s action in the housing and social infrastructure sector also depends on the removal of policy and regulatory hurdles;

Or. fr

Amendment 115

Rudi Kennes

Motion for a resolution

Paragraph 19 a (new)

Motion for a resolution

Amendment

19 a. Invites the EIB in its activities in favour of social housing to prioritise the need of residents, especially the most vulnerable, above the interests of private investors; to align its housing investment to the UN framework on adequate housing, thus guaranteeing long-term affordable and accessible solutions over short-term plans; to prioritise sustainable investments, such as energy-efficient renovations, reuse of vacant buildings, and climate-friendly construction, and at the same time, to include binding social and environmental conditions in its investments, in order to ensure full respect of workers' rights and EU environmental targets;

Or. en

Amendment 116

Maria Grapini

Motion for a resolution

Paragraph 19 a (new)

Motion for a resolution

Amendment

19a. Encourages the EIB to include strict, transparent, inclusive and fair allocation mechanisms, as well as social and sustainable conditions, for the beneficiaries of EU funds and EIB financial instruments for housing; calls on the EIB to include a specific duration requirement for operations involving investment in affordable and sustainable housing infrastructure; believes that the EIB must contribute to ensuring that land and houses benefiting from combined EU funds and EIB financial instruments remain in the hands of the public authorities so as to create a public housing fund in the EU;

Or. ro

Amendment 117

Eero Heinäluoma

Motion for a resolution

Paragraph 19 a (new)

Motion for a resolution

Amendment

19 a. Calls on the EIB to support projects that deliver on the implementation of the European Pillar of Social Rights and the UN Sustainable Development Goals; invites the EIB to increase the weighing of social benefits in project appraisals in order to provide long-term affordable solutions, in the context of a cost of living crisis and unforeseen drop in living standards; asks the EIB to enhance risk taking for projects providing essential services with long-term clear and measurable benefits;

Or. en

Amendment 118

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 19 a (new)

Motion for a resolution

Amendment

19 a. Calls for the strengthening of technical assistance for and the financial expertise of local and regional authorities, especially in regions with low investment capacity, before project approval, in order to improve accessibility to EIB funding;

Or. en

Amendment 119

Ondřej Knotek

Motion for a resolution

Paragraph 19 a (new)

Motion for a resolution

Amendment

19 a. Encourages the EIB to build on its long lasting experience of accelerator of European investments and to deploy its potential also in the sector of education and training and healthcare, including through advisory services;

Or. en

Amendment 120

Tomáš Zdechovský

Motion for a resolution

Subheading 6

Motion for a resolution

Amendment

Support for SMEs, mid-caps, start-ups and scale-ups,thecapital market union and the role of the European Investment Fund

Support for SMEs, mid-caps, start-ups and scale-ups, the capital market union and the role of the European Investment Fund;

Or. en

Amendment 121

Maria Grapini

Motion for a resolution

Subheading 6

Motion for a resolution

Amendment

Support for SMEs, mid-caps, start-ups and scale-ups,thecapital market union and the role of the European Investment Fund

Support for SMEs, mid-caps, start-ups and scale-ups, and for entrepreneurs from rural areas and more remote areas, the capital market union and the role of the European Investment Fund;

Or. ro

Amendment 122

Ondřej Knotek, Virginie Joron, Tamás Deutsch, Julien Sanchez

Motion for a resolution

Paragraph 20

Motion for a resolution

Amendment

20. Emphasises that SMEs, start-ups and scale-ups are crucial for the EU’s economy; points out these businesses face significant challenges in accessing finance, markets and talent, which limits their growth; maintains that business growth and dynamism are key drivers for innovation, competitiveness and productivity; encourages the EIB Group to continue addressing these issues through tailored financial programmes, risk-sharing mechanisms, and business-targeted financial instruments;

Or. en

Amendment 123

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 20

Motion for a resolution

Amendment

20. Highlights that SMEs, start-ups, and scale-ups are vital to the EU’s economy; notes that these businesses encounter significant hurdles in accessing finance, markets, and talent, which constrains their growth; asserts that business growth and dynamism are essential for fostering innovation, competitiveness, and productivity; encourages the EIB Group to continue addressing these challenges, notably in the actual geopoltical context, through customized financial programs, risk-sharing mechanisms, targeted financial instruments, and by providing technical assistance for SMEs before project approval, in order to improve accessibility to EIB funding;

Or. en

Amendment 124

Kinga Kollár

Motion for a resolution

Paragraph 20

Motion for a resolution

Amendment

Or. en

Amendment 125

Rudi Kennes

Motion for a resolution

Paragraph 20

Motion for a resolution

Amendment

20. Emphasises that SMEs, start-ups and scale-ups are crucial for the EU’s economy; points out these businesses face significant challenges in accessing finance, markets and talent, which limits their growth; maintains that public investment, business growth and dynamism are key drivers for innovation, competitiveness and productivity; encourages the EIB Group to continue addressing these issues through tailored financial programmes, risk-sharing mechanisms, and business-targeted financial instruments;

Or. en

Amendment 126

Rudi Kennes

Motion for a resolution

Paragraph 21

Motion for a resolution

Amendment

deleted

Or. en

Amendment 127

Kinga Kollár

Motion for a resolution

Paragraph 21

Motion for a resolution

Amendment

21. Believes that the development of a well-functioning securitization market can be a key first step toward establishing a strong Capital Markets Union (CMU); believes that the CMU will benefit consumers and SMEs by offering high-yield investment opportunities in the real economy and will eventually boost the venture capital market by improving access to diversified funding sources; believes that financing European scale-ups with European capital should be a priority, as exemplified by the European Tech Champions Initiative, which was launched in February 2023 to finance promising European tech companies; encourages the EIF to explore the setting up of the 2nd generation of this initiative; observes that the European Tech Champions Initiative is complemented by the European Scale-up Initiative, which is aimed at providing crucial financing for Europe’s high-tech companies in their late-stage development, these investments should be in line with policy actions at European and national level;

Or. en

Amendment 128

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 21

Motion for a resolution

Amendment

21. Believes that a stronger capital markets union will boost securitisation and venture capital markets, making it possible to increase investment in the real economy, and that financing European scale-ups with European capital should be a priority, as exemplified by the European Tech Champions Initiative, which was launched in February 2023 to finance promising European tech companies; and to prevent the sale of businesses to foreign investors because of the lack of European investments; observes that the European Tech Champions Initiative is complemented by the European Scale-up Initiative, which is aimed at providing crucial financing for Europe’s high-tech companies in their late-stage development; is aware of the European venture capital comparative weaknesses in respect of other competitors’ markets, and that European startups and scale-up are often obliged to relocate or searching for foreign buyers or rely on sources of financing other than venture capital, hence less suited to high-growth;

Or. en

Amendment 129

Julien Sanchez, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 21

Motion for a resolution

Amendment

21. Notes that the EU expects a stronger capital markets union to boost securitisation and venture capital markets, with a view to increasing investment in the real economy, and that financing European scale-ups with European capital should be a priority, as exemplified by the European Tech Champions Initiative, which was launched in February 2023 to finance promising European tech companies; observes that the European Tech Champions Initiative is complemented by the European Scale-up Initiative, which is aimed at providing crucial financing for Europe’s high-tech companies in their late-stage development;

Or. fr

Amendment 130

Rudi Kennes

Motion for a resolution

Paragraph 21 a (new)

Motion for a resolution

Amendment

21 a. Believes that, to achieve ambitious climate targets and to support just transition and clean industrial investments, the EIB should increase its risk-taking capacity for projects that will generate high social and environmental added value, strengthen labour rights, and ensure quality jobs;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 131

Kinga Kollár

Motion for a resolution

Paragraph 22

Motion for a resolution

Amendment

22. Acknowledges the mission of the European Investment Fund (EIF) to support access to finance for the European micro, small and medium-sized enterprises; believes that the EIF’s activities for the development of the European venture capital ecosystem should be increased;

22. Acknowledges the mission of the EIF to support access to finance for the European micro, small and medium-sized enterprises; believes that the EIF’s activities for the development of the European venture capital ecosystem should be stepped up significantly while maintaining a geographical balance; calls for strengthening the EIF’s activities, enabling to increase investment in high-growth sectors, to enhance risk-sharing, between public and private investors and promote innovation throughout Europe;

Or. en

Amendment 132

Maria Grapini

Motion for a resolution

Paragraph 22

Motion for a resolution

Amendment

Or. ro

Amendment 133

Rudi Kennes

Motion for a resolution

Paragraph 22

Motion for a resolution

Amendment

22. Acknowledges the mission of the European Investment Fund (EIF) to support access to finance for the European micro, small and medium-sized enterprises;

Or. en

Amendment 134

Kinga Kollár

Motion for a resolution

Paragraph 22 a (new)

Motion for a resolution

Amendment

22 a. Stresses the critical role of European large companies in Europe's economic structure, particularly those operating in essential sectors such as energy, defence and infrastructure; calls for a balanced approach that ensures the EIB continues to support large European companies in securing investment capital for major projects and research and development initiatives, thereby enhancing Europe's global competitiveness;

Or. en

Amendment 135

Tamás Deutsch, Virginie Joron, Julien Sanchez, Ondřej Knotek

Motion for a resolution

Paragraph 22 a (new)

Motion for a resolution

Amendment

22 a. Encourages the EIF to further develop its monitoring tools to better track the long-term performance of venture capital funds and SME finance operations, especially in terms of job creation, innovation diffusion and regional impact;

Or. en

Amendment 136

Kinga Kollár

Motion for a resolution

Paragraph 23

Motion for a resolution

Amendment

23. Praises the support provided by the EIB Group to about 400 000 SMEs and mid-caps in 2023 alone, with EUR 31.1 billion in financing, including loans and guarantees for businesses (of which EUR 14.9 billion were deployed by the EIF), resulting in the mobilisation of over EUR 134 billion, and notes that it teamed up with almost 300 partner institutions across Europe to this end; encourages the EIB to continue its role in improving access to finance for small and medium-sized enterprises, which often face barriers to funding from traditional financial institutions, providing targeted financing to ensure enough resources to grow and thrive; welcomes and calls for the constant expansion of the number of partner institutions to reach a wide geographical and sectoral coverage;

Or. en

Amendment 137

Julien Sanchez, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 23 a (new)

Motion for a resolution

Amendment

23a. Calls for priority to be given to European SMEs in calls for tender in order to help maintain local jobs and the associated know-how;

Or. fr

Amendment 138

Kinga Kollár

Motion for a resolution

Paragraph 24

Motion for a resolution

Amendment

24. Recalls that the deployment of the European Guarantee Fund ended in 2023 and that its disbursements to help SMEs to recover from the adverse impact of the pandemic reached approximately 200 000 SMEs across the EU; recalls the concerns expressed in previous resolutions about the transparency of the decision-making processes and information about final recipients;

Or. en

Amendment 139

Kinga Kollár

Motion for a resolution

Paragraph 25

Motion for a resolution

Amendment

25. Notes that EIF measures on anti-money-laundering and countering the financing of terrorism include assessing the risks linked with products and transactions, carrying out counterparty due diligence, screening the ownership structure and key persons against sanctions and adverse media, introducing mandatory training for all staff and concluding an agreement with the Luxembourgish Financial Intelligence Unit on the reporting and follow-up of any suspicious transactions detected;

25. Welcomes that EIF measures on anti-money-laundering, countering the financing of terrorism and tax avoidance include assessing the risks linked with products and transactions, carrying out counterparty due diligence, screening the ownership structure and key persons against sanctions and adverse media; welcomes the introduction of mandatory training for all staff and the conclusion of an agreement with the Financial Intelligence Unit of Luxembourg on the reporting and follow-up of any suspicious transactions detected;

Or. en

Amendment 140

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 25

Motion for a resolution

Amendment

25. Notes that the EIF's anti-money laundering and counter-terrorism financing measures encompass risk assessments for products and transactions, thorough due diligence on counterparties, screening of ownership structures and key individuals against sanctions and adverse media, mandatory staff training, and a collaborative agreement with the Luxembourg Financial Intelligence Unit for reporting and following up on suspicious transactions;

Or. en

Amendment 141

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 26

Motion for a resolution

Amendment

26. Appreciates that in its 2021-2027 Cohesion Orientation, the EIB committed to dedicating at least 40 % of its total financing in the EU between 2022 and 2024 to projects in cohesion regions, and that in 2023, such financing accounted for 42 % of total EU lending (compared to 40 % in 2022); underlines that the share of EIB financing allocated to less developed regions increased from 24 % in 2022 to 26 % in 2023, for an amount of EUR 17.2 billion, well above the 21 % target set in the EIB Cohesion Orientation for 2023; reiterates its call for the EIB to continue monitoring and analysing the shortcomings preventing certain regions or countries from taking full advantage of the EIB’s financial support and assistance;

26. Notes that in its 2021-2027 Cohesion Orientation, the EIB committed to dedicating at least 40 % of its total financing in the EU between 2022 and 2024 to projects in cohesion regions, and that in 2023, such financing accounted for 42 % of total EU lending (compared to 40 % in 2022); underlines that the share of EIB financing allocated to less developed regions increased from 24 % in 2022 to 26 % in 2023, for an amount of EUR 17.2 billion, well above the 21 % target set in the EIB Cohesion Orientation for 2023; reiterates its call for the EIB to continue monitoring and analysing the shortcomings preventing certain regions or countries from taking full advantage of the EIB’s financial support and assistance;

Or. fr

Amendment 142

Kinga Kollár

Motion for a resolution

Paragraph 26

Motion for a resolution

Amendment

26. Appreciates that in its 2021-2027 Cohesion Orientation, the EIB committed to dedicating at least 40 % of its total financing in the EU between 2022 and 2024 to projects in cohesion regions, and that in 2023, such financing accounted for 42 % of total EU lending (compared to 40 % in 2022); underlines that the share of EIB financing allocated to less developed regions increased from 24 % in 2022 to 26 % in 2023, for an amount of EUR 17.2 billion, well above the 21 % target set in the EIB Cohesion Orientation for 2023; reiterates its call for the EIB to continue monitoring, analysing and finding solutions to the shortcomings preventing certain regions or countries from taking full advantage of the EIB’s financial support and assistance;

Or. en

Amendment 143

Tamás Deutsch, Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 26 a (new)

Motion for a resolution

Amendment

26 a. Stresses that all EIB cohesion financing must be allocated based on objective criteria and free from political or ideological bias; regrets that funding access has been increasingly linked to subjective assessments of Member States’ rule of law or governance, leading to a two-speed Europe and weakening trust in EU institutions;

Or. en

Amendment 144

Kinga Kollár

Motion for a resolution

Paragraph 27

Motion for a resolution

Amendment

27. Acknowledges that over the last 15 years, EIB Advisory has supported more than 1 000 projects in cohesion regions; maintains that there should be more focus on reaching out and actively promoting financing opportunities in less developed and transition regions;

Or. en

Amendment 145

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 27

Motion for a resolution

Amendment

27. Recognizes that over the past 15 years, EIB Advisory has supported over 1,000 projects in cohesion regions; calls on the Bank to actively promote financing opportunities in less developed and transition regions;

Or. en

Amendment 146

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 27 a (new)

Motion for a resolution

Amendment

27 a. Acknowledges the role of EIB as the largest multilateral development bank issuer of use-of-proceeds green and sustainability bonds having issued, since 2007, Climate Awareness Bonds and Sustainability Awareness Bonds worth more than EUR 110 billion in 23 different currencies; believes that a single classification system for economic activities that contribute to EU sustainability objectives would allow effective pricing of investments, attract investors and foster fair competition;

Or. en

Amendment 147

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 28

Motion for a resolution

Amendment

28. Notes the many measures fostered by the EIB in the cohesion regions in support of the healthcare sector, including HERA Invest, a EUR 100 million guarantee established in partnership with the Commission to support advanced research and development investments; encourages the EIB to promote targeted investments in cohesion regions’ key systemic enablers, such as access to healthcare and education, social and affordable housing, digital connectivity and local financing for cities and regions, either via direct lending (such as the Urban Framework Loan) or via financial instruments, and to build on the synergies between EU grants and EIB loans to sustain cross-border rail connectivity, which is crucial for better integration within the EU single market;

28. Highlights the EIB’s initiatives in cohesion regions to support the healthcare sector, including the HERA Invest program, a EUR 100 million guarantee established with the Commission to support research and development in addressing pressing cross-border health threats; however it regrets that only one French company has benefited in 2023 from these funds; encourages the EIB to promote targeted investments in key systemic enablers such as healthcare, education, social housing, digital connectivity, and local financing for cities and regions, ensuring a better geographical balance, either through direct lending or financial instruments, and to leverage synergies between EU grants and EIB loans to enhance cross-border rail connectivity, crucial for better integration within the EU single market;

Or. en

Amendment 148

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 28

Motion for a resolution

Amendment

28. Notes the many measures fostered by the EIB in the cohesion regions in support of the healthcare sector, including HERA Invest, a EUR 100 million guarantee established in partnership with the Commission to support advanced research and development investments; notes with concern the overlapping terms of reference of ECDC and HERA and calls for a reduction in the two entities' duplicated efforts and costs and for a clear division of tasks; encourages the EIB to promote targeted investments in cohesion regions’ key systemic enablers, such as access to digital connectivity and local financing for cities and regions, either via direct lending (such as the Urban Framework Loan) or via financial instruments, and to build on the synergies between EU grants and EIB loans to sustain cross-border rail connectivity, which is crucial for better integration within the EU single market;

Or. fr

Amendment 149

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 28 a (new)

Motion for a resolution

Amendment

28a. States that any European public support for investment in health must be primarily set aside for European businesses and jobs; states that it must not result in disproportionate profits, without consideration, made at the expense of European taxpayers by non-European foreign firms, as was the case with Pfizer during the COVID crisis;

Or. fr

Amendment 150

Kinga Kollár

Motion for a resolution

Paragraph 29

Motion for a resolution

Amendment

29. Emphasises that in 2023 alone, the EIB signed EUR 41.8 billion in financing for climate action and EUR 25.1 billion for environmental sustainability (EUR 35.1 billion and EUR 15.9 billion, respectively, in 2022); notes that EIB financing for climate change adaptation totalled EUR 2.7 billion in 2023, corresponding to 6.4 % of its total climate action (compared to EUR 1.9 billion, or 5.4 %, in 2022); stresses that climate action and environmental sustainability financing, as a whole, accounted for 60 % of EIB financing in 2023;

29. Acknowledges EIB’s strategic orientation since 2019 to be the EU Climate Bank; emphasises that in 2023 alone, the EIB signed EUR 41.8 billion in financing for climate action and EUR 25.1 billion for environmental sustainability (EUR 35.1 billion and EUR 15.9 billion, respectively, in 2022); notes that EIB financing for climate change adaptation totalled EUR 2.7 billion in 2023, corresponding to 6.4 % of its total climate action (compared to EUR 1.9 billion, or 5.4 %, in 2022); welcomes that climate action and environmental sustainability financing, as a whole, accounted for 60 % of EIB financing in 2023; calls for maintaining technological neutrality in its investment strategy in climate and sustainable financing;

Or. en

Amendment 151

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 29 a (new)

Motion for a resolution

Amendment

29 a. Notes that the EIB Environmental and Social Sustainability Framework includes revised Environmental and Social Policy and Standards promoting an integrated approach to impact and risk assessment and management; encourages the EIB Group to continue promoting the transition towards environmentally sustainable economies and societies, supporting a socially fair and just transition for the regions most challenged by the move towards a climate-neutral EU economy by 2050; points out that the environmental, climate, social and human rights aspects must be considered on each EIB-financed projects and that promoters must be held accountable for such assessment;

Or. en

Amendment 152

Erik Marquardt

on behalf of the Greens/EFA Group

Motion for a resolution

Paragraph 29 b (new)

Motion for a resolution

Amendment

29 b. Reminds that EIB Energy Lending Policy (ELP), adopted in 2019, established a ‘phase out support to energy projects reliant on unabated fossil fuels’ and introduced a transition period during which the Bank could continue to approve projects already under appraisal, but the Board of Directors did not approve any such project after the end of 2021; remarks that, in 2022, the EIB Group introduced a temporary and exceptional extension of the exemptions to the Paris Alignment for Counterparties Framework (so called PATH) in support of REPowerEU, to cover projects with high innovative content and renewable energy projects and electric vehicle charging infrastructure in the European Union; observes that, in 2023, the EIB Group decided to apply the same temporary and exceptional extension also for projects in the spirit of REPowerEU beyond the European Union; notes that such temporary and exceptional extensions are expected to run until 2027, subject to a Climate Bank Roadmap review foreseen in 2025; recalls its previous resolution and maintains that the PATH offers the appropriate framework for supporting counterparties on their pathways to align with the Paris objectives; emphasises that the EIB is expected to intensify its engagement with all its clients to foster their development of decarbonisation plans;

Or. en

Amendment 153

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 29 c (new)

Motion for a resolution

Amendment

29 c. Notes the Group Climate Bank Roadmap mid-term review, approved in 2023, which includes a simplified Paris Alignment framework for microenterprises, the revision of the Paris Alignment for Counterparties (PATH) framework’s disclosure requirements for financial intermediaries and a temporary extension of the list of countries in which the EIB can act as a sole financier of climate adaptation projects due to their particular vulnerability to climate change;

Or. en

Amendment 154

Maria Grapini

Motion for a resolution

Paragraph 30

Motion for a resolution

Amendment

30. Welcomes the EIB’s inclusion of agriculture and bioeconomy among its key priorities; reiterates that the agricultural sector faces increasing challenges, and that EU farmers are being required to adapt to the objectives of the European Green Deal, cope with the disruption caused by the effects of the energy crisis and adjust to rising inflation; calls on the EIB Group to increase its involvement in the agricultural sector; considers it important for the EIB to programme considerable amounts for the financing of the agricultural sector, including through simplified procedures; welcomes the EIB’s inclusion of agriculture and the bioeconomy as one of its key priorities, but notes that agriculture, fisheries and forestry received only 1,1 % of the EIB’s loan stock in 2023; reiterates that the agricultural sector faces increasing challenges and calls for EIB support to take full account of the objectives of food sovereignty and sustainable food production; stresses that EIB support should take a just transition approach in order to achieve sustainable agriculture that protects the environment, human health and animal welfare while improving farmers’ livelihoods, in particular for small and medium-sized farms; makes reminder that supporting rural areas is key to promoting balanced and inclusive national development through investments in rural infrastructure, healthcare, education and economic opportunities, paying particular attention to generational renewal and equal access to finance for women and men;

Or. ro

Amendment 155

Kinga Kollár

Motion for a resolution

Paragraph 30

Motion for a resolution

Amendment

30. Welcomes the EIB Group’s inclusion of agriculture and bioeconomy among its key priorities; underlines that agriculture is a key driver of growth and development in rural areas; reiterates that the agricultural sector faces increasing challenges, and that EU farmers are being required to adapt to the objectives of the European Green Deal, cope with the disruption caused by the effects of the energy crisis and adjust to rising inflation; calls on the EIB Group to enhance support and foster innovation for this vital sector, which play a significant role in ensuring food security; highlights the financial challenges faced by farmers, particularly young ones, noting that farmers and the entreprises in this sector experience lower success rates when applying for financing; calls on the EIB Group to increase its involvement in the agricultural sector by improving access to funding;

Or. en

Amendment 156

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 30

Motion for a resolution

Amendment

30. Welcomes the EIB’s inclusion of agriculture and bioeconomy among its key priorities and urges the EIB to increase its ambition by ensuring that at least 65% of its total financing is dedicated to climate action and environmental sustainability by 2025, in line with the EU’s Green Deal and 2030 climate targets; reiterates that the agricultural sector faces increasing challenges, and that EU farmers are being required to adapt to the objectives of the European Green Deal, cope with the disruption caused by the effects of the energy crisis and adjust to rising inflation; calls for an annual progress report on the climate impact of EIB investments, including a detailed breakdown of projects by sector and emission reduction potential;

Or. en

Amendment 157

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 30

Motion for a resolution

Amendment

30. Welcomes the EIB’s focus on agriculture and bioeconomy as key priorities; acknowledges the increasing challenges faced by the agricultural sector and the need for EU farmers to adapt to the European Green Deal objectives, cope with the energy crisis, and manage rising inflation; calls on the EIB Group to better enhance its involvement in the agricultural sector while leveraging EU's One Health approach by integrating human, animal, plant, and environmental health to create sustainable, resilient, and productive agrifood systems;

Or. en

Amendment 158

Rudi Kennes

Motion for a resolution

Paragraph 30

Motion for a resolution

Amendment

30. Welcomes the EIB’s inclusion of agriculture and bioeconomy among its key priorities; reiterates that the agricultural sector faces increasing challenges, including the effects of the energy crisis and rising inflation; calls on the EIB to support small farmers in adapting to the objectives of the European Green Deal;

Or. en

Amendment 159

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 30

Motion for a resolution

Amendment

Or. fr

Amendment 160

Rudi Kennes

Motion for a resolution

Paragraph 31

Motion for a resolution

Amendment

31. Appreciates that the EIB is one of the key supporters of digitalisation in the EU; encourages the EIB to enhance its support for digital networks and to foster the EU’s autonomy in key technologies; calls on the EIB to ensure that energy and resource- intensive digital investments are in line with Paris Agreement goals; believes that significant public investment is needed to expand telecommunications infrastructure, particularly in rural areas, to reduce digital inequality and ensure that the digital transition does not create social exclusion; encourages the EU to guarantee the right of European residents to be able to choose their preferred means to access information, interact with institutions, and conduct their daily business; encourages the EIB to provide adequate funding to equip all EU residents with the digital skills or the assistance they need to fully participate in society, with a special focus on supporting elderly residents and people with disabilities; reminds the EU of its commitment to protect the user data of European residents and encourages the EU to keep using its enforcing power with regards to any infringements of GDPR regulations; recommends that the EIB contributes to funding efforts to fight digital crime, such as online fraud or identity theft;

Or. en

Amendment 161

Kinga Kollár

Motion for a resolution

Paragraph 31

Motion for a resolution

Amendment

31. Appreciates that the EIB Group is one of the key supporters of digitalisation in the EU particularly in financing digital infrastructure and supporting innovative digital start-ups; encourages the EIB to enhance its support for digital networks strengthen the EU’s technological autonomy and the innovation in key technologies;

Or. en

Amendment 162

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 32

Motion for a resolution

Amendment

32. Observes that the cybersecurity sector plays a crucial role in safeguarding businesses and governments against increasingly advanced digital threats; welcomes the increase in security investments from EUR 6 billion to EUR 8 billion, financed via the Strategic European Security Initiative to address security challenges, including in the New Space industry;

32. Recognizes the critical role of the cybersecurity sector in protecting businesses and governments from advanced digital threats and foreign influence; welcomes the increase in security investments from EUR 6 billion to EUR 8 billion, financed through the Strategic European Security Initiative to address security challenges, including those in the New Space industry;

Or. en

Amendment 163

Rudi Kennes

Motion for a resolution

Paragraph 32

Motion for a resolution

Amendment

32. Observes that the cybersecurity sector plays a crucial role in safeguarding businesses and governments against increasingly advanced digital threats; takes note of the increase in security investments from EUR 6 billion to EUR 8 billion, financed via the Strategic European Security Initiative; calls on the EIB to ensure it pursues policies which protect its AAA credit rating;

Or. en

Amendment 164

Rudi Kennes

Motion for a resolution

Paragraph 32 a (new)

Motion for a resolution

Amendment

32 a. Reiterates its calls on the EIB to carry out due diligence in the preparation phase of all projects in order to include careful consideration and respect for human rights and indigenous communities, and to develop a clear human rights strategy that includes human rights risk and impact assessments;

Or. en

Amendment 165

Eero Heinäluoma

Motion for a resolution

Paragraph 32 a (new)

Motion for a resolution

Amendment

32 a. Welcomes that the EIB’s focus on gender equality and women’s economic empowerment led in 2023 to another year of increased volumes and investments in this field, with a total of EUR 5.8 billion of investment contributing to this objective, compared to 5.1 billion in 2022;

Or. en

Amendment 166

Eero Heinäluoma

Motion for a resolution

Paragraph 32 b (new)

Motion for a resolution

Amendment

32 b. Highlights that the security of supply of critical raw materials is crucial both for the green and digital transitions, as well as, for the defence sector and for the EU industrial base in general calls, therefore, on the EIB to invest more in the critical raw materials sector to help diversify the supply of both primary and secondary raw materials and to develop circular economy solutions, in particular R&D for alternative materials, such as bio-based materials; welcomes, in this regard, the adoption on 21 March 2025 of a new critical raw materials (CRM) strategic initiative, with an expected EUR 2 billion in financing for critical raw material investment in 2025, a new CRM Task Force and a dedicated one-stop shop to build and manage a pipeline of CRM operations and advisory activities and increased technical expertise and partnerships;

Or. en

Amendment 167

Eero Heinäluoma

Motion for a resolution

Paragraph 32 c (new)

Motion for a resolution

Amendment

32 c. Recognises the role played by the European Investment Fund (EIF) in contributing to economic and social cohesion in the Union through a wide range of financial instruments; notes that EIF commitments to credit guarantees, venture capital and private equity investments for cohesion regions in 2023 stood at EUR 6.8 billion, representing 48 percent of total EIF commitments in the EU, well above the key performance indicator established the year before; notes that in 2023, the EIF was especially active in Central and Eastern Europe;

Or. en

Amendment 168

Rudi Kennes

Motion for a resolution

Paragraph 33

Motion for a resolution

Amendment

33. Underlines that in EIB Global’s second year of existence, it provided financing amounting to EUR 8.4 billion (compared to EUR 9.1 billion in 2022); notes that, as EIB Global financing is limited to 50 % of the total cost of a project, investment co-financing with development finance institutions and multilateral development banks is recurring; calls on the EIB and the Commission to invest in internal audit and independent control functions to guarantee the integrity and soundness of operations involving non-EU partners;

Or. en

Amendment 169

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 33 a (new)

Motion for a resolution

Amendment

33 a. Reiterates its request for EIB Global to be centred on an equitable and sustainable agenda in recipients’ countries, and demonstrate clear development additionality of its finance; encourages the EIB Global to increase support to projects with clear and high public benefits, and prioritise support to public services and infrastructure which have a proven track record to reduce poverty and inequality and to contribute to sustainable development; stresses that mobilisation of private sector investments should not result in crowding out of those projects from the EIB’s portfolio;

Or. en

Amendment 170

Rudi Kennes

Motion for a resolution

Paragraph 33 a (new)

Motion for a resolution

Amendment

33 a. Reminds that EIB Global is among the key implementing actors of the European Global Gateway and, as such, is expected to apply the highest standards of transparency and accountability;

Or. en

Amendment 171

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 33 b (new)

Motion for a resolution

Amendment

33 b. Welcomes the adoption by the EIB Board of Directors of the EIB Global Strategic Roadmap and its commitment to respect and promote human rights and the rule of law in the projects it supports; calls on the EIB, therefore, to ensure that local communities are consulted on the human right risks and mitigation measures prior any conclusive decision, and that the right of Indigenous People to free, prior and informed consent is respected in a systematic manner; underlines that specific measures should be undertaken to include indigenous peoples, women, persons with disabilities and other vulnerable groups in consultations prior to the EIB’s project approval;

Or. en

Amendment 172

Rudi Kennes

Motion for a resolution

Paragraph 33 b (new)

Motion for a resolution

Amendment

33 b. Reiterates its request for EIB Global to be centred on an equitable and sustainable agenda in recipient countries, in full compliance with environmental and social due diligence, and in strong cooperation with local actors in order to identify projects that best meet development effectiveness objectives;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 173

Rudi Kennes

Motion for a resolution

Paragraph 33 c (new)

Motion for a resolution

Amendment

33 c. Encourages the EIB to further strengthen meaningful consultation of local populations throughout the implementation of projects, incorporate solid accountability mechanisms for the impacted communities, and closely monitor and report on the shortcomings of its involvement and the role of its intermediaries in projects that have negatively impacted local populations in developing countries;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 174

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 33 c (new)

Motion for a resolution

Amendment

33 c. Urges caution ahead of expanding partnerships with export credit agencies, as export credit doesn't count as ODA, and therefore such joint finance for development blurs distinction between development and export credit finance, creates complex project designs that can result in costlier projects, and risks increasing tied aid and exacerbating debt in partner countries;

Or. en

Amendment 175

Rudi Kennes

Motion for a resolution

Paragraph 33 d (new)

Motion for a resolution

Amendment

33 d. Is concerned that the EIB Global has committed to contribute to gender equality with only 30 percent of its share of operations, whereas the EU objective stands at 85 percent of external actions; calls on the EIB Global to raise its target and align it with the EU’s goals.

Or. en

Amendment 176

Rudi Kennes

Motion for a resolution

Paragraph 33 e (new)

Motion for a resolution

Amendment

33 e. Welcomes the adoption by the EIB Board of Directors of the EIB Global Strategic Roadmap and its commitment to respect and promote human rights and the rule of law in the projects it supports; calls on the EIB, therefore, to ensure that local communities are consulted on the human rights risks and mitigation measures prior to any conclusive decisions, and that the right of Indigenous People to free, prior and informed consent is respected in a systematic manner; calls on the EIB to develop specific protocols to respond to risks of reprisals; underlines that specific measures should be taken to include indigenous peoples, women, persons with disabilities and other vulnerable groups in consultations prior to the EIB’s projects approval;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 177

Rudi Kennes

Motion for a resolution

Paragraph 33 f (new)

Motion for a resolution

Amendment

33 f. Reiterates its request for EIB Global to be centred on an equitable and sustainable agenda in recipient countries and demonstrate clear development additionality of its finance; encourages EIB Global to increase support to projects with clear and high public benefits, and to prioritise support to public services and infrastructure which have a proven track record to reduce poverty and inequality and to contribute to sustainable development; stresses that mobilisation of private sector investments should not result in crowding out of those projects from the EIB’s portfolio; warns that, in the drive for visibility, small grassroots projects should not be crowded out by larger ones that take a long time to materialise; raises concerns about the EFSD+ guarantees in terms of their unclear ability to effectively contribute to the EU’s development objectives, and about the guarantee pricing burdens for final beneficiaries in partner countries; calls for highly concessional loans to be made available for the least developed countries, including climate finance for local needs. Urges caution ahead of expanding partnerships with export credit agencies, which have a purely commercial mandate, and therefore such joint finance for development blurs distinction between development and export credit finance, creates complex project designs that can result in costlier projects, and risks increasing tied aid and exacerbating debt in partner countries;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 178

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 34

Motion for a resolution

Amendment

34. Stresses that all EIB interventions in Ukraine must be guided by the priorities for reconstruction and be fully aligned with the priorities and methods laid out in the Ukraine Plan; notes that the EIB is further enhancing its efforts to prevent, deter and investigate fraud and corruption in relation to EIB Group projects implemented in Ukraine; reiterates its call for strict conditionality to be ensured with regard to the financial assistance provided to Ukraine, which should allow clear oversight through policy clauses including visit rights and access to information and premises; emphasises, in that respect, the need for a systematic EU approach to improve the coordination of funds disbursement and to enhance the monitoring of spending, in order to complement the EIB policies and procedures related to anti-corruption and anti-money laundering (AML) measures;

Or. en

Amendment 179

Virginie Joron, Julien Sanchez, Ondřej Knotek

Motion for a resolution

Paragraph 34

Motion for a resolution

Amendment

34. Stresses that all EIB interventions in Ukraine must be guided by the priorities for reconstruction and be fully aligned with the priorities and methods laid out in the Ukraine Plan; notes that the EIB is further enhancing its efforts to prevent, deter and investigate fraud and corruption in relation to EIB Group projects implemented in Ukraine; reiterates its call for strict conditionality to be ensured with regard to the financial assistance provided to Ukraine, and calls for strict conditionality to be applied across the board by the EU to all third countries for which it provides funding, in whatever form and however that funding is provided, which should allow clear oversight through policy clauses including visit rights and access to information and premises;

Or. fr

Amendment 180

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 34

Motion for a resolution

Amendment

34. Stresses that all EIB interventions in Ukraine must be guided by the priorities for reconstruction and be fully aligned with the priorities and methods laid out in the Ukraine Plan and with the provisions of the EU Treaties; notes that the EIB is further enhancing its efforts to prevent, deter and investigate fraud and corruption in relation to EIB Group projects implemented in Ukraine; reiterates its call for strict conditionality to be ensured with regard to the financial assistance provided to Ukraine, which should allow clear oversight through policy clauses including visit rights and access to information and premises;

Or. en

Amendment 181

Tomáš Zdechovský

Motion for a resolution

Paragraph 34

Motion for a resolution

Amendment

34. Highlights the importance of ensuring that EIB Group’s interventions in Ukraine aligned with the priorities for the country’s reconstruction agreed with the EU and are consistent with the methods and frameworks laid out in the Ukraine Plan; notes that the EIB is further enhancing its efforts to address fraud and corruption in relation to the EIB Group projects in Ukraine; calls for the continued application of appropriate conditionality on the financial assistance to Ukraine, with a focus on ensuring effective oversight mechanisms, such as to access to information, premises and monitoring visits;

Or. en

Amendment 182

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 34 a (new)

Motion for a resolution

Amendment

34 a. Calls on the EIB to ensure the transparency and traceability, and to improve the quality of the EIB projects in Ukraine by establishing a selection committee in line with the EU’s partnership principles engaging the representatives of executive authorities, people's deputies of Ukraine, local self-government bodies, enterprises, institutions and organisations, as well as independent experts, and representatives of the civil society; calls on the EIB to strengthen its capacity to monitor projects’ implementation in line with the EIB's established requirements and standards, to enforce the principles of ‘do no significant harm’ and ‘leave no one behind’, and to ensure that funding for climate, environmental, and green transition measures, including biodiversity, account for at least 20 percent of the overall Investment Framework;

Or. en

Amendment 183

Rudi Kennes

Motion for a resolution

Paragraph 34 a (new)

Motion for a resolution

Amendment

34 a. Calls on the EIB to ensure transparency and traceability, and to improve the quality of EIB projects in Ukraine by establishing a selection committee in line with the EU’s partnership principles, engaging the representatives of executive authorities, people's deputies of Ukraine, local self-government bodies, enterprises, institutions and organisations, as well as independent experts, and representatives of civil society; calls on the EIB to strengthen its capacity to monitor projects’ implementation in line with the EIB's established requirements and standards, to enforce the principles of ‘do no significant harm’ and ‘leave no one behind’, and to ensure that funding for climate, environmental, and green transition measures, including biodiversity, account for at least 20 percent of the overall Investment Framework.1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 184

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 34 a (new)

Motion for a resolution

Amendment

34 a. Insist for strengthening the administrative and audit capacity of Ukrainian authorities responsible for implementing, monitoring, controlling and supervising funded actions, in particular for the prevention of fraud, corruption, conflicts of interest, and irregularities; reiterates that EIB should have clear and unrestricted oversight at all times;

Or. en

Amendment 185

Virginie Joron, Julien Sanchez, Tamás Deutsch

Motion for a resolution

Paragraph 35

Motion for a resolution

Amendment

35. Believes that a greater role for the EIB will bring added value for both the reconstruction of Ukraine and the enlargement process and for prospective partnerships under the EU’s Global Gateway agenda and neighbourhood policy and in support of the Sustainable Development Goals; encourages the Commission to maximise cooperation with the EIB to leverage the EU’s strategic autonomy, particularly on energy and raw materials;

deleted

Or. fr

Amendment 186

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 35

Motion for a resolution

Amendment

35. Believes that a greater role for the EIB will bring added value for both the reconstruction of Ukraine and the enlargement process and for prospective partnerships under the EU’s Global Gateway agenda and neighbourhood policy ; encourages the Commission to maximise cooperation with the EIB to leverage the EU’s strategic autonomy, particularly on energy and raw materials;

Or. en

Amendment 187

Rudi Kennes

Motion for a resolution

Paragraph 35

Motion for a resolution

Amendment

35. Believes that a greater role for the EIB will bring added value for the reconstruction of Ukraine and for prospective partnerships under the EU’s neighbourhood policy and in support of the Sustainable Development Goals; encourages the Commission to maximise cooperation with the EIB to leverage the EU’s strategic autonomy, particularly on energy and raw materials;

Or. en

Amendment 188

Tomáš Zdechovský

Motion for a resolution

Paragraph 35 a (new)

Motion for a resolution

Amendment

35 a. Welcomes the adoption, in 2024, of the Ukraine Facility, which follows the EIB’s initiative EU for Ukraine (EU4U) and establishes a support mechanism based on Union’s budget resources; encourages the Member States to ensure that solid support continues to be provided to the country, in line with its needs;

Or. en

Amendment 189

Kinga Kollár

Motion for a resolution

Paragraph 36

Motion for a resolution

Amendment

36. Stresses that, in order to support Ukraine, the EIB has built up a loan portfolio of over EUR 7 billion since the beginning of the conflict with Russia in 2014; underlines that, as at 31 December 2023, the EIB’s exposure (disbursed and not yet disbursed) amounted to EUR 5.750 billion, predominantly covered by EU guarantees under the External Lending Mandate; notes that, in addition, the Bank has also granted financial guarantees on exposures to counterparties located in Ukraine, fully covered by EU Comprehensive Guarantees, for a signed amount of EUR 388.7 million at the end of 2023 (compared to EUR 478.8 million at the end of 2022);

Or. en

Amendment 190

Tamás Deutsch, Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 36 a (new)

Motion for a resolution

Amendment

36 a. Notes the growing financial engagement of the EIB in Ukraine; calls on the Bank to provide regular, detailed updates to the budgetary authority and relevant audit bodies regarding the disbursement and implementation of funds covered by EU guarantees;

Or. en

Amendment 191

Eero Heinäluoma

Motion for a resolution

Paragraph 36 a (new)

Motion for a resolution

Amendment

36 a. Underlines the disproportionate impact of the Russian war of aggression against Ukraine on eastern EU regions bordering Russia and Belarus; draws attention to the costs born by these regions and Member States as a result of their shared border with hostile neighbouring countries, notably their need to increasingly direct public funding into security, defence and preparedness, while facing dramatically reduced resources due to a disruption in economic activities, cross-border trade and other exchanges, and in cohesion programmes; calls on the EIB to take this into account in its financing decisions;

Or. en

Amendment 192

Şerban Dimitrie Sturdza

Motion for a resolution

Paragraph 37

Motion for a resolution

Amendment

37. Takes note of the many actions carried out in Moldova to mitigate the effects of the economic downturn and the energy crisis and to support the country’s path towards EU accession, and in the Western Balkans, where EIB Global invested EUR 1.2 billion in 2023, plus an additional EUR 700 million to enhance road safety and improve railway networks; welcomes the adoption of the Reform and Growth Facility for the Western Balkans in 2024;

Or. en

Amendment 193

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 37

Motion for a resolution

Amendment

37. Welcomes the significant investments provided in Moldova to support economic resilience, improving energy security, enhancing infrastructure, and aiding the country's progress towards EU integration; acknowledges that in the Western Balkans, the EIB Global invested EUR 1.2 billion in 2023, plus an additional EUR 700 million to enhance road safety and improve railway networks; welcomes the adoption of the Reform and Growth Facility for the Western Balkans in 2024;

Or. en

Amendment 194

Virginie Joron, Julien Sanchez, Tamás Deutsch

Motion for a resolution

Paragraph 37

Motion for a resolution

Amendment

37. Takes note of the many actions carried out in Moldova to mitigate the effects of the economic downturn and the energy crisis, and in the Western Balkans, where EIB Global invested EUR 1.2 billion in 2023, plus an additional EUR 700 million to enhance road safety and improve railway networks; deplores the adoption of the Reform and Growth Facility for the Western Balkans in 2024 on top of that aid;

Or. fr

Amendment 195

Kinga Kollár

Motion for a resolution

Paragraph 37

Motion for a resolution

Amendment

37. Welcomes the many actions carried out in Moldova to mitigate the effects of the economic downturn and the energy crisis and to support the country’s path towards EU accession, and in the Western Balkans, where EIB Global invested EUR 1.2 billion in 2023, plus an additional EUR 700 million to enhance road safety and improve railway networks; welcomes the adoption of the Reform and Growth Facility for the Western Balkans in 2024;

Or. en

Amendment 196

Matjaž Nemec, Giuseppe Lupo, Cecilia Strada

Motion for a resolution

Paragraph 37 a (new)

Motion for a resolution

Amendment

37 a. Calls on the EIB to reassess its activities in Israel-Palestine, to ensure the full application of its human rights policy, and strict compliance with the international law and requirements laid down in particular in the relevant UN resolutions and the ICJ Advisory opinion of 19 July 2024; specifically, to exclude, suspend or terminate any activities and operations directly or indirectly linked to EIB contract recipients suspected of involvement in prohibited activities as listed in the UN Database of Business Enterprises Pursuant to Human Rights Council Resolutions 31/36 and 53/251a, or as can be identified through other trustworthy sources of information regarding prohibited activities at project, promoter, intermediary, or any other relevant party made available by the relevant international organisations, including of major human rights organisations.

_________________

1a https://www.ohchr.org/en/hr-bodies/hrc/regular-sessions/session31/database-hrc3136

Or. en

Amendment 197

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 37 a (new)

Motion for a resolution

Amendment

37 a. Welcomes the EIB’s efforts and engagement in the Western Balkan countries; encourages EIB Global to continue to provide access to finance on favourable terms to accelerate a just transition and enable local economic diversification in responding to people’s needs and leaving no-one behind; calls on the EIB to assist coal-dependent municipalities in the Western Balkans with technical assistance and financing plans to support their efforts to decarbonize local economies and prepare for the energy transition;

Or. en

Amendment 198

Rudi Kennes

Motion for a resolution

Paragraph 37 a (new)

Motion for a resolution

Amendment

37 a. Welcomes the EIB’s efforts and engagement in the Western Balkan countries; encourages EIB Global to continue to provide access to finance on favourable terms to accelerate a just transition and enable local economic diversification in responding to people’s needs and leaving no-one behind; calls on the EIB to assist coal-dependent municipalities in the Western Balkans with technical assistance and financing plans to support their efforts to decarbonise local economies and prepare for the energy transition.1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 199

Eero Heinäluoma

Motion for a resolution

Paragraph 37 a (new)

Motion for a resolution

Amendment

37 a. Recognises the role played by the EIB in supporting the Western Balkans on their path to Union membership, in line with the EU’s enlargement policy; recognises that EIB Global invested EUR 1.2 billion in the Western Balkans in 2023, mobilising a total of over EUR 6 billion in investments; notes that the majority of the financing was allocated to sustainable connectivity, followed by credit lines for SMEs, infrastructure projects in the sectors of health, education and skills, and water supply and sanitation;

Or. en

Amendment 200

Rudi Kennes

Motion for a resolution

Paragraph 37 b (new)

Motion for a resolution

Amendment

37 b. Calls on the EIB to reassess its activities in Israel-Palestine, to ensure the full application of its human rights policy, and strict compliance with the requirements laid down in the UN resolution A/RES/ES-10/24 (in particular paragraph 4(c)); specifically, to exclude, suspend or terminate any activities and operations directly or indirectly linked to counterparties suspected of involvement in prohibited activities as listed in the UN Database of Business Enterprises Pursuant to Human Rights Council Resolutions 31/36 and 53/25, or as can be identified through other trustworthy sources of information regarding prohibited activities at project, promoter, intermediary, or any other relevant counterparty level made available by the relevant international organisations, inclusive of major human rights organisations;

Or. en

Amendment 201

Eero Heinäluoma

Motion for a resolution

Paragraph 37 b (new)

Motion for a resolution

Amendment

37 b. Calls for the EIB to ensure that investments clearly benefit recipient countries and societies, creating local jobs and alleviating poverty; believes that recipient country actors such as public authorities, civil society and private sector companies should be included in the decision-making and implementation of Global Gateway projects;

Or. en

Amendment 202

Eero Heinäluoma

Motion for a resolution

Paragraph 37 c (new)

Motion for a resolution

Amendment

37 c. Reiterates its call for the EIB to ensure that all of its operations benefit women and girls and the advancement of female economic empowerment and employment, as gender-smart development investments are more effective and sustainable; believes that the EIB could further increase microfinance loans to women-led businesses, which still face discrimination in access to finance;

Or. en

Amendment 203

Eero Heinäluoma

Motion for a resolution

Paragraph 37 d (new)

Motion for a resolution

Amendment

37 d. Is concerned about rapidly rising debt levels and higher borrowing costs in emerging and developing economies with an estimated 60% of low-income countries already in public debt distress or at high risk of debt distress; highlights the important role of the EIB and other multilateral institutions in providing funding on concessional terms to alleviate unsustainable debt burdens;

Or. en

Amendment 204

Eero Heinäluoma

Motion for a resolution

Paragraph 37 e (new)

Motion for a resolution

Amendment

37 e. Asks the EIB to collaborate with other bilateral and multilateral institutions to develop and apply common methodologies for development impact analysis, with a view to ensuring value added, long-term positive impacts;

Or. en

Amendment 205

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 39

Motion for a resolution

Amendment

39. Observes that the EIB Complaints Mechanism (EIB-CM) handled a total of 104 cases in 2023 (97 in 2022); notes that 60 new complaints were received in 2023 (54 in 2022), of which 44 were considered admissible and 29 were related to EIB-financed projects, of which 27 were located outside Europe; calls on the EIB to align its operations with the United Nations Guiding Principles on Business and Human Rights, namely the criteria for non-judicial grievance mechanisms such as independence, legitimacy, transparency, accessibility, and effectiveness; invites the EIB to strengthen its Complaints Mechanism in line with these principles to ensure institutional commitment to remedy harm and ability of the EIB’s Complaints Mechanism to contribute to systemic improvements in the bank’s operations;

Or. en

Amendment 206

Rudi Kennes

Motion for a resolution

Paragraph 39 a (new)

Motion for a resolution

Amendment

39 a. Calls on the EIB to align its operations with the United Nations Guiding Principles on Business and Human Rights, namely the criteria for non-judicial grievance mechanisms such as independence, legitimacy, transparency, accessibility, and effectiveness; invites the EIB to strengthen its Complaints Mechanism in line with these principles to ensure institutional commitment to remedy harm and ability of the EIB’s Complaints Mechanism to contribute to systemic improvements in the bank’s operations.1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 207

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 42

Motion for a resolution

Amendment

42. Notes that the IG/IN carries out proactive fraud detection activities using the Fraud and Integrity Risk Scoring Tool and the Corruption Risk In Procurement robot and that, in 2023, 24 reviews identified targets for three full and in-depth proactive integrity reviews;

42. Welcomes the Investigative Division's (IG/IN) efforts to collaborate and coordinate with other components of the EU’s anti-fraud architecture, particularly the European Anti-Fraud Office and the European Public Prosecutor’s Office, which received 37% of investigation referrals in 2023 (27 out of 74 cases); encourages the IG/IN to strengthen its cooperation with all components of the EU’s anti-fraud architecture.

Or. en

Amendment 208

Tamás Deutsch, Virginie Joron, Julien Sanchez, Ondřej Knotek

Motion for a resolution

Paragraph 42 a (new)

Motion for a resolution

Amendment

42 a. Acknowledges the innovative tools developed by the EIB to support fraud detection and integrity risk analysis; invites the Bank to assess how these digital tools could be further enhanced to support transparency and financial accountability;

Or. en

Amendment 209

Ondřej Knotek, Virginie Joron

Motion for a resolution

Paragraph 43

Motion for a resolution

Amendment

43. Regrets the fact that, despite repeated calls by Parliament, the IG/IN annual report does not provide adequate information about the financial magnitude of the cases it handles, the funds or mandates affected, the kinds of projects concerned, the mitigating measures adopted, the role of the EIB services and of the intermediaries or partners in the cases, or even the Member States concerned; reiterates its call to the IG/IN to go beyond providing a mere narrative description of a few case studies in order to provide valuable insights into the extent to which financial interests are safeguarded; suggests IG/IN to adopt a reporting model similar to those used by other investigative bodies, such as EPPO and OLAF, where a proper balance between transparency and duty of confidentiality or of professional secrecy is pursued in a way that does not sacrifice the need for information of the discharge authority;

Or. en

Amendment 210

Kinga Kollár

Motion for a resolution

Paragraph 43

Motion for a resolution

Amendment

43. Regrets the fact that, despite repeated calls by Parliament, the IG/IN annual report does not provide adequate information about the financial magnitude of the cases it handles, the funds or mandates affected, the kinds of projects concerned, the mitigating measures adopted, the role of the EIB services and of the intermediaries or partners in the cases, or even the Member States concerned; invites the representatives of the IG/IN to increase the level of engagement and interactions with the European Parliament, especially regarding the control of the financial activities; reiterates its call to the IG/IN to go beyond providing a mere narrative description of a few case studies in order to provide valuable insights into the extent to which financial interests are safeguarded;

Or. en

Amendment 211

Maria Grapini

Motion for a resolution

Paragraph 43

Motion for a resolution

Amendment

43. Regrets the fact that, despite repeated calls by Parliament, the IG/IN annual report does not provide adequate information about the financial magnitude of the cases it handles, the funds or mandates affected, the kinds of projects concerned, the mitigating measures adopted, the role of the EIB services and of the intermediaries or partners in the cases, or even the Member States concerned; reiterates its call to the IG/IN to go beyond providing a mere narrative description of a few case studies in order to provide valuable insights into the extent to which financial interests are safeguarded; sees a need for an increase in the level of transparency of the EIB in relation to the European Parliament;

Or. ro

Amendment 212

Virginie Joron, Julien Sanchez, Tamás Deutsch

Motion for a resolution

Paragraph 43

Motion for a resolution

Amendment

43. Is concerned at the lack of cooperation and transparency and regrets the fact that, despite repeated calls by Parliament, the IG/IN annual report does not provide adequate information about the financial magnitude of the cases it handles, the funds or mandates affected, the kinds of projects concerned, the mitigating measures adopted, the role of the EIB services and of the intermediaries or partners in the cases, or even the Member States concerned; insists that the IG/IN go beyond providing a mere narrative description of a few case studies and henceforth and regularly provide valuable insights into the extent to which financial interests are safeguarded;

Or. fr

Amendment 213

Kinga Kollár

Motion for a resolution

Paragraph 44

Motion for a resolution

Amendment

44. Is aware that the EIB Exclusion Policy provides for an autonomous exclusion process that is not fully equivalent to the Commission’s Early Detection and Exclusion System in terms of decision-making standards, results and remedies; reiterates its call on the Commission to identify the potential gaps and to propose remedies, including an expedited procedure to enforce EIB exclusion decisions via the Early Detection and Exclusion System; observes that in 2023, exclusion proceedings based on IG/IN findings excluded five companies from participating in any EIB-financed activity for a period of five years;

44. Is aware that the EIB Exclusion Policy provides for an autonomous exclusion process that is not fully equivalent to the Commission’s Early Detection and Exclusion System in terms of decision-making standards, results and remedies; reiterates its call on the EIB Group and the Commission to cooperate in identifying the potential gaps and proposing remedies, including an expedited procedure to enforce EIB exclusion decisions via the Early Detection and Exclusion System; observes that in 2023, exclusion proceedings based on IG/IN findings excluded five companies from participating in any EIB-financed activity for a period of five years;

Or. en

Amendment 214

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 44

Motion for a resolution

Amendment

44. Is aware that the EIB Exclusion Policy provides for an autonomous exclusion process that is not fully equivalent to the Commission’s Early Detection and Exclusion System in terms of decision-making standards, results and remedies; reiterates its call on the Commission to identify the potential gaps and to propose remedies, including an expedited procedure to enforce EIB exclusion decisions via the Early Detection and Exclusion System; observes that in 2023, exclusion proceedings based on IG/IN findings excluded five companies from participating in any EIB-financed activity for a period of five years;

44. Is aware that the EIB Exclusion Policy provides for an autonomous exclusion process that is not fully equivalent to the Commission’s Early Detection and Exclusion System in terms of decision-making standards, results and remedies but notes significant gaps in its implementation; reiterates its call on the Commission to identify the potential gaps and to propose remedies, including an expedited procedure to enforce EIB exclusion decisions via the Early Detection and Exclusion System; observes that in 2023, exclusion proceedings based on IG/IN findings excluded five companies from participating in any EIB-financed activity for a period of five years; calls for an independent external review of the EIB’s exclusion policies to align them fully with EU anti-corruption standards; encourages the EIB to introduce stricter conditions for financial intermediaries, including mandatory disclosure of their beneficial ownership structures, to prevent fraud and corruption;

Or. en

Amendment 215

Kinga Kollár

Motion for a resolution

Paragraph 45

Motion for a resolution

Amendment

45. Welcomes the approval, in 2023, of the EIB Group’s Internal Control Framework Policy; encourages the Bank to act on the Audit Committee’s remarks that both internal audit and the internal control framework should evolve to become group functions;

45. Welcomes the approval, in 2023, of the EIB Group’s Internal Control Framework Policy; acknowledges the results of the group alignment process between EIB and EIF to the extent it reflects the different business models and governance structures of the two entities;

Or. en

Amendment 216

Julien Sanchez, Virginie Joron

Motion for a resolution

Paragraph 47

Motion for a resolution

Amendment

47. Appreciates that the EIB Group Risk Management Framework and EIB Group’s semi-annual Risk Management Disclosure Reports are effective and are aligned with the requirements and technical standards of the European Banking Authority;

47. Appreciates that the EIB Group Risk Management Framework and EIB Group’s semi-annual Risk Management Disclosure Reports are aligned with the requirements and technical standards of the European Banking Authority;

Or. fr

Amendment 217

Kinga Kollár

Motion for a resolution

Paragraph 47 a (new)

Motion for a resolution

Amendment

47 a. Highlights that the EIB does not fall within the scope of application of the EU’s legislation applicable to credit institutions, in particular the Capital Requirements Regulation and Directive (CRR, CRD), thus the Bank is entitled to determine its capital and liquidity requirements adequately and appropriately to its activities, its mission and the market conditions; points out that the EIB Group is committed to conform to the best banking practices and best market practices and can determine their applicability in line with the proportionality principle; stresses the importance that the implementation of these norms should not create unwarranted burden; welcomes that the EIB Group voluntarily performed the Review and Evaluation Process; points out this should be in line with the EIB’s governance structure and mission;

Or. en

Amendment 218

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 47 a (new)

Motion for a resolution

Amendment

47 a. Stresses that, despite difficult market conditions, in 2023 EIB’s portfolio continued to exhibit very low levels of non performing exposure (NPEs); takes the view that even if significant portion of the Bank’s loan portfolio benefits from credit enhancements or EU Member State guarantees, the high quality of EIB’s portfolio results from the diligent implementation of very effective EIB’s lending policies;

Or. en

Amendment 219

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 49

Motion for a resolution

Amendment

49. Takes the view that the amended gearing ratio paves the way for increased risk-taking; acknowledges that investments in renewable energy and sustainable infrastructure and investments in innovative technologies are essential for the EU’s competitiveness, but often involve greater risk because of the uncertainty of returns; points out that increased risk-taking may increase the volatility of the EIB’s returns, but observes that the EIB has capital buffers (reserves of over EUR 56 billion in 2023, compared to EUR 36 billion in 2014) that would allow it to expand its own risk activities; calls on the EIB to prioritize funding for European clean technology and circular economy industries to strengthen EU strategic autonomy; urges the EIB to introduce stricter conditions to prevent EU public financing from being used to subsidize companies relocating production outside Europe, ensuring that all EIB-funded projects contribute to long-term European industrial resilience;

Or. en

Amendment 220

Julien Sanchez, Virginie Joron

Motion for a resolution

Paragraph 49

Motion for a resolution

Amendment

49. Takes the view that the amended gearing ratio paves the way for increased risk-taking; acknowledges that investments in renewable energy and sustainable infrastructure and investments in innovative technologies often involve greater risk because of the uncertainty of returns; points out that increased risk-taking may increase the volatility of the EIB’s returns, but observes that the EIB has capital buffers (reserves of over EUR 56 billion in 2023, compared to EUR 36 billion in 2014) that would allow it to expand its own risk activities;

Or. fr

Amendment 221

Kinga Kollár

Motion for a resolution

Paragraph 49

Motion for a resolution

Amendment

Or. en

Amendment 222

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 49

Motion for a resolution

Amendment

49. Notes the amended gearing ratio as a pathway to increased risk-taking; acknowledges that investments in renewable energy, sustainable infrastructure, and innovative technologies are crucial for the EU’s competitiveness; notes that the EIB maintains capital buffers (reserves exceeding EUR 56 billion in 2023, compared to EUR 36 billion in 2014) that support expanded risk activities;

Or. en

Amendment 223

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 50

Motion for a resolution

Amendment

50. Is concerned by the situation of Northvolt AB, a battery maker whose activities had been considered key in the green transition process; notes that Northvolt benefits from a significant EIB lending package of slightly over EUR 942.6 million as part of the debt financing raised to expand a gigafactory site;

50. Expresses great concern regarding Northvolt AB, a battery manufacturer considered pivotal in the green transition; notes that Northvolt benefits from a substantial EIB lending package of slightly over EUR 942.6 million, part of the debt financing to expand a gigafactory site; calls on the EIB to provide details about the evaluation and decision process to fund Northvolt AB and the causes that led to the failure of the project;

Or. en

Amendment 224

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 50

Motion for a resolution

Amendment

50. Deeply regrets the recent bankruptcy of Northvolt AB, a battery maker whose activities had been considered key in the green transition process, despite the significant EIB lending package of slightly over EUR 942.6 million as part of the debt financing raised to expand a gigafactory site, thus revealing the mismatch between the European regulatory framework and business reality;

Or. fr

Amendment 225

Tomáš Zdechovský

Motion for a resolution

Paragraph 50

Motion for a resolution

Amendment

50. Is alarmed by the situation of Northvolt AB, a battery maker whose activities had been considered key in the green transition process; notes that Northvolt has filed for bankruptcy in March 2025; stresses that Northvolt has benefited from a significant EIB lending package of slightly over EUR 942.6 million as part of the debt financing raised to expand a gigafactory site;

Or. en

Amendment 226

Julien Sanchez, Virginie Joron

Motion for a resolution

Paragraph 51

Motion for a resolution

Amendment

51. Stresses that the expansion of the gigafactory site was expected to increase the annual output capacity for battery production and was of strategic importance for global competitiveness; believes that EIB’s intervention in this operation was in line with its mission and was consistent with the EU’s strategies in the sector;

deleted

Or. fr

Amendment 227

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 51

Motion for a resolution

Amendment

deleted

Or. en

Amendment 228

Rudi Kennes

Motion for a resolution

Paragraph 51

Motion for a resolution

Amendment

51. Stresses that the expansion of the gigafactory site was expected to increase the annual output capacity for battery production and was of strategic importance for global competitiveness and consistent with the EU’s strategies in the sector;

Or. en

Amendment 229

Tomáš Zdechovský

Motion for a resolution

Paragraph 52

Motion for a resolution

Amendment

52. Calls on the Commission to launch an internal review to verify the reasons for and the background to the failure of this flagship project and to learn from this experience in order to prevent the recurrence of a similar situation or enable the early detection thereof;

52. Calls on the Commission to launch an in-depth internal review without undue delay to verify the reasons for and the background to the failure of this flagship project and to learn from this experience in order to prevent the recurrence of a similar situation or enable the early detection thereof;

Or. en

Amendment 230

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 52

Motion for a resolution

Amendment

52. Calls on the Commission to launch an internal review to verify the reasons for and the background to the failure of this flagship project, and the financial losses involved, and to learn from this experience in order to prevent the recurrence of a similar situation or enable the early detection thereof;

Or. fr

Amendment 231

Kinga Kollár

Motion for a resolution

Paragraph 52

Motion for a resolution

Amendment

52. Calls on the Board of Directors to launch an internal review to verify the reasons for and the background to the failure of this flagship project and to learn from this experience in order to prevent the recurrence of a similar situation or enable the early detection thereof;

Or. en

Amendment 232

Rudi Kennes

Motion for a resolution

Paragraph 53

Motion for a resolution

Amendment

53. Maintains that the greatest added value of EU support lies in fostering higher-risk investments in innovative companies, scaling up EU strategic companies and enabling long-term transition projects that cannot get funding from the private sector; believes that to effectively pursue its targets in innovation and competitiveness, the InvestEU programme should focus on financing higher-risk and more scale-up investment and that the EIB Group should take on more and larger high-risk projects, combining a more risk-absorption-oriented deployment of InvestEU resources with an equivalent orientation in the use of the EIB Group’s own financial resources;

53. Maintains that the greatest added value of EU support lies in fostering higher-risk investments in innovative projects, scaling up EU strategic goals and enabling long-term transition projects that cannot get funding from the private sector; believes that to effectively pursue its targets in innovation and competitiveness, the InvestEU programme should focus on aligning with the programme’s key objective to contribute to socio-economic convergence and cohesion of the Union, finance higher-risk and more scale-up investment, and the EIB Group should take on more and larger high-risk projects, combining a more risk-absorption-oriented deployment of InvestEU resources with an equivalent orientation in the use of the EIB Group’s own financial resources;

Or. en

Amendment 233

Julien Sanchez, Virginie Joron

Motion for a resolution

Paragraph 53

Motion for a resolution

Amendment

53. Maintains that the greatest added value of EU support lies in fostering higher-risk investments in innovative companies, scaling up EU strategic companies and enabling long-term transition projects that cannot get funding from the private sector; believes that to effectively pursue its targets in innovation and competitiveness, the InvestEU programme should focus on financing higher-risk and more scale-up investment, in which only European investors should be involved, and that the EIB Group should take on more and larger high-risk projects, combining a more risk-absorption-oriented deployment of InvestEU resources with an equivalent orientation in the use of the EIB Group’s own financial resources;

Or. fr

Amendment 234

Rudi Kennes

Motion for a resolution

Paragraph 54

Motion for a resolution

Amendment

54. Is aware that members of the EIB’s Management Committee are often civil servants in their countries of origin before beginning their terms at the EIB, which typically last for two to six years, and that they are therefore entitled to pursue professional development opportunities subject to certain conditions during the cooling-off period (which has been extended to a period of 24 months after the end of their term at the EIB); notes that Management Committee members are asked to inform the Ethics and Compliance Committee and seek approval as soon as possible for any negotiations regarding prospective employment;

Or. en

Amendment 235

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 55

Motion for a resolution

Amendment

55. Recalls Parliament’s repeated calls to beef up the mechanism to prevent conflicts of interest within the EIB and improve how such cases are handled, and to provide a better definition of the terms under which EIB vice-presidents can take part in decisions about operations in their countries of origin, and insists that these matters be addressed in a future revision of the Management Committee code of conduct;

55. Strongly insists on the Parliament’s repeated calls to strengthen the mechanism for preventing conflicts of interest within the EIB and to improve the handling of such cases, and to better define the terms under which EIB vice-presidents can participate in decisions about operations in their countries of origin; insists that these matters be addressed in a future revision of the Management Committee code of conduct;

Or. en

Amendment 236

Kinga Kollár

Motion for a resolution

Paragraph 55

Motion for a resolution

Amendment

55. Recalls Parliament’s repeated calls to strengthen the mechanism to prevent conflicts of interest within the EIB and improve how such cases are handled, and to provide a better definition of the terms under which EIB vice-presidents can take part in decisions about operations in their countries of origin, and insists that these matters be addressed in a future revision of the Management Committee code of conduct;

Or. en

Amendment 237

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 56

Motion for a resolution

Amendment

56. Points out that, with the decision of 31 October 2023 on Case 611/2022/KR, the European Ombudsman found that a former vice-president had participated in approving financing agreements between the EIB and a national promotional bank4 in his country of origin in the weeks before his appointment as Chief Executive Officer of that national promotional bank, despite the advice of the EIB’s Chief Compliance Officer to avoid any business with that bank while his appointment procedure was under way; understands that this case dates back to a time before the entry into force of the current Management Committee code of conduct, which now includes specific provisions on the prospective employment of Management Committee members;

56. Highlights that on October 31, 2023, the European Ombudsman ruled in Case 611/2022/KR that a former vice-president had approved financing agreements between the EIB and a national promotional bank in his home country just weeks before becoming the Chief Executive Officer of that bank, despite the EIB’s Chief Compliance Officer advising against such actions during the appointment process; notes that this case predates the current Management Committee code of conduct, which now includes specific provisions regarding the prospective employment of its members;

_________________

4 National promotional banks are financial intermediaries between the EIB and small-scale projects that benefit from EIB investments.

Or. en

Amendment 238

Rudi Kennes

Motion for a resolution

Paragraph 57 a (new)

Motion for a resolution

Amendment

57 a. Reiterates its call on the EIB to fully implement all of the Ombudsman’s recommendations of 27 July 2022 from Case 1016/2021/KR and of 31 October 2023 from Case 611/2022/KR as regards the activities of former members of its Management Committee; recalls that the Ombudsman called on the EIB to make decisions of its Ethic and Compliance Committee public to ensure greater awareness of the mitigating measures adopted to protect the interests of the EIB and the public; notes that the EIB committed to consider this recommendation in the future review of the rules applicable to the Ethic and Compliance Committee, and urges the Bank to amend the rules in line with the recommendation.1a

_________________

1a amendment drafted with input from Counter Balance and Bankwatch

Or. en

Amendment 239

Ondřej Knotek, Julien Sanchez

Motion for a resolution

Paragraph 57 a (new)

Motion for a resolution

Amendment

57 a. Shares the view of the EO that the role of the EIB ECC should be strengthened when it comes to overseeing the intended new jobs of MC members and that it should be able to impose and enforce risk-mitigating measures; understands that the role of the ECC has become more prominent in recent years and that internal discussions are ongoing on how to enhance its efficiency;

Or. en

Amendment 240

Kinga Kollár

Motion for a resolution

Paragraph 57 a (new)

Motion for a resolution

Amendment

57 a. Invites the Bank to boost the participation of European companies in procurement processes launched for projects financed by the EIB; encourages the Bank to advise borrowers to prioritise eligibility for European companies in order to strengthen European competitiveness;

Or. en

Amendment 241

Kinga Kollár

Motion for a resolution

Paragraph 57 b (new)

Motion for a resolution

Amendment

57 b. Reminds that all recipients of EU funding have a general obligation to acknowledge its origin and ensure the visibility of any EU funding received; calls on the EIB Group to ensure compliance by the final recipients with the visibility criteria of the EU’s financial support;

Or. en

Amendment 242

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 58

Motion for a resolution

Amendment

58. Regrets the fact that the European Court of Auditors (ECA) is still prevented from having full access to all the data relating to EIB operations; maintains that the ECA should be entitled to have access to all the information needed to comprehensively and exhaustively assess all EIB operations that are designed and carried out to implement any EU policy; calls on the ECA to fully scrutinise, to the best of its capacities, all operations that involve the EU budget to any degree; calls for a revision of the EIB’s governance framework to grant the ECA unrestricted access to all operations involving EU funds, including those conducted through financial intermediaries; further calls on the EIB to systematically publish audit results of its largest financial operations, ensuring independent scrutiny of its risk management and impact assessment;

Or. en

Amendment 243

Tomáš Zdechovský

Motion for a resolution

Paragraph 58

Motion for a resolution

Amendment

58. Regrets the fact that the European Court of Auditors (ECA) is still prevented from having full access to all the data relating to EIB operations; acknowledges that not all the activities of EIB are directly financed by the EU and, therefore, not all activities are automatically accessible by the ECA; notes that EIB considers the current amount of the information provided to the ECA to be sufficient for the audits while ECA continues to criticize a lack of transparency; maintains that the ECA should be entitled to have access to all the information needed to comprehensively and exhaustively assess all EIB operations that are designed and carried out to implement any EU policy; calls on the ECA to fully scrutinise, to the best of its capacities, all operations that involve the EU budget to any degree;

Or. en

Amendment 244

Virginie Joron, Julien Sanchez

Motion for a resolution

Paragraph 58

Motion for a resolution

Amendment

58. Deplores the EIB’s persistent lack of cooperation with the European Court of Auditors (ECA), which is still being prevented from having full access to all the data relating to EIB operations, thus preventing it from fully carrying out its remit to audit the use of European funds by European entities; maintains that the ECA must be entitled to have access to all the information needed, both now and retroactively, to comprehensively and exhaustively assess all EIB operations that are designed and carried out to implement any EU policy; calls on the ECA to fully scrutinise, to the best of its capacities, all operations that involve the EU budget to any degree;

Or. fr

Amendment 245

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 58

Motion for a resolution

Amendment

58. Strongly regrets that the European Court of Auditors (ECA) still lacks full access to all data related to EIB operations; insists that the ECA should have access to all necessary information to comprehensively and exhaustively assess all EIB operations designed to implement EU policies; calls on the ECA to fully scrutinize, to the best of its abilities, all operations involving the EU budget to any degree;

Or. en

Amendment 246

Kinga Kollár

Motion for a resolution

Paragraph 58

Motion for a resolution

Amendment

58. Regrets the fact that the European Court of Auditors (ECA) is still prevented from having full access to the data relating to EIB operations; maintains that the ECA should be entitled to have access to all the information needed to comprehensively and exhaustively assess all EIB operations that are designed and carried out to implement any EU policy; calls on the ECA to fully scrutinise, to the best of its capacities, all operations that involve the EU budget to any degree;

Or. en

Amendment 247

Kinga Kollár

Motion for a resolution

Paragraph 60

Motion for a resolution

Amendment

60. Notes that the EIB’s Transparency Policy strikes a compromise between the principle of openness and the need to safeguard sensitive information; observes that the policy indicates what information should be published proactively and when – stipulating, for instance, that project summaries should be published at least three weeks before the project’s financing is considered for approval by the EIB Board of Directors – and sets out the relevant derogations;

Or. en

Amendment 248

Rudi Kennes

Motion for a resolution

Paragraph 60 a (new)

Motion for a resolution

Amendment

60 a. Reiterates the need for more transparency when projects are implemented through financial intermediaries; reminds the importance of transparency also on the internal decision-making procedures and on the environmental and human rights impact of projects including through their full implementation; stresses that the EIB should publish, in a timely manner, more detailed information regarding projects, including the rationale and context for projects, and explanation of their alignment with and contribution to EU policy goals; expects the EIB to limit non-disclosure to the applicable exceptions listed in Regulation (EC) No 1049/2001 and Regulation (EC) No 1367/2006;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 249

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 60 a (new)

Motion for a resolution

Amendment

60 a. Calls on the EIB to introduce a comprehensive public registry of final beneficiaries of its financing, including projects funded through financial intermediaries; encourages the Bank to provide open data, within legal limits, on project financing, impact assessments, and loan conditions to ensure full transparency and prevent conflicts of interest; expects the EIB to limit non-disclosure to the applicable exceptions listed in Regulation (EC) No 1049/2001 and Regulation (EC) No 1367/2006;

Or. en

Amendment 250

Ondřej Knotek, Virginie Joron, Tamás Deutsch

Motion for a resolution

Paragraph 61

Motion for a resolution

Amendment

61. Notes that in 2023, 449 projects were approved by the EIB Board of Directors and that almost all (94 %) of the project summaries were published, in the majority (57 %) of cases before approval; observes that all EIB operations conducted through financial intermediaries are published on the EIB’s website and that the EIB provides details on request;

61. Notes that in 2023, 449 projects were approved by the EIB Board of Directors and that almost all (94 %) of the project summaries were published, in the majority (57 %) of cases before approval; while it occurred after approval only following reasoned requests by project promoters to protect their commercial interests; observes that all EIB operations conducted through financial intermediaries are published on the EIB’s website and that the EIB provides details on request;

Or. en

Amendment 251

Julien Sanchez, Virginie Joron

Motion for a resolution

Paragraph 61

Motion for a resolution

Amendment

Or. fr

Amendment 252

Erik Marquardt

on behalf of the Greens/EFA Group

Rudi Kennes

Motion for a resolution

Paragraph 61 a (new)

Motion for a resolution

Amendment

61 a. Recalls the inquiries completed by the European Ombudsman (2252/2022/OAM and 3/2023/OAM) and calls on the EIB to improve its practices in disclosure of environmental information, including in timely disclosure of environmental and social information of projects it considers funding to allow the public to participate meaningfully in the EIB’s assessment of environmental and social aspects of projects prior to their approval by the Board;

Or. en

Amendment 253

Rudi Kennes

Motion for a resolution

Paragraph 61 a (new)

Motion for a resolution

Amendment

61 a. Recalls the inquiries completed by the European Ombudsman (2252/2022/OAM and 3/2023/OAM) and calls on the EIB to improve its practices, including in timely disclosure of environmental and social information of projects it considers funding to allow the public to participate meaningfully in the EIB’s assessment of environmental and social aspects of projects prior to their approval by the Board;1a

_________________

1a amendment drafted with input from Counter Balance

Or. en

Amendment 254

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 62

Motion for a resolution

Amendment

62. Recalls that all EIB documents are accessible to anyone in line with the presumption in favour of disclosure; emphasises that all applicants should be informed in advance that the public will be granted the widest possible access to documents, and that any reasons for refusal should be based solely on the exceptions;

62. Recalls that all EIB documents are accessible to the public in line with the presumption of disclosure; emphasizes that applicants should be informed in advance about public access to documents, and any refusals should be based solely on specified exceptions;

Or. en

Amendment 255

Rudi Kennes

Motion for a resolution

Paragraph 62 a (new)

Motion for a resolution

Amendment

62 a. Regrets that the European Ombudsman has opened several inquiries on the failure to properly deal with requests for public access to documents by the EIB that where concluded with the Ombudsman finding maladministration in its disclosure policy; calls for the full implementation of the Ombudsman’s recommendations;

Or. en

Amendment 256

Kinga Kollár

Motion for a resolution

Paragraph 63 a (new)

Motion for a resolution

Amendment

63 a. Highlights that the Bank is working to reduce the time needed to bring a product from conception to market availability (time to market) by fully digitising its project cycles; calls for the Bank to intensify its efforts in the digitalization of its operations;

Or. en

Amendment 257

Eero Heinäluoma

Motion for a resolution

Paragraph 63 a (new)

Motion for a resolution

Amendment

63 a. Invites the EIB management committee members to publish their scheduled meetings with external stakeholders and reiterates the request to systematically publish the content of the meetings of the EIB’s governing bodies to further improve transparency;

Or. en

Amendment 258

Eero Heinäluoma

Motion for a resolution

Paragraph 63 b (new)

Motion for a resolution

Amendment

63 b. Reiterates its call on the EIB to strengthen its policy against tax fraud, tax evasion and tax avoidance, including by refraining from funding beneficiaries or financial intermediaries which have a proven negative track record; calls on the EIB to enforce prevention measures and regular tax assessments against non-cooperative tax jurisdictions, tax and fiscal fraud, tax evasion and illegal and aggressive tax avoidance;

Or. en

Amendment 259

Rudi Kennes

Motion for a resolution

Paragraph 64

Motion for a resolution

Amendment

64. Calls on the EIB to continue reporting on the status of the previous recommendations issued by Parliament, especially with regard to the results achieved and the impact of the action taken to implement its priorities and the EU’s policies, and to the measures adopted to enhance the countering of conflicts of interest, fraud, corruption and other potential forms of misconduct;

64. Calls on the EIB to continue reporting on the state of play and status of the previous recommendations issued by Parliament in its annual resolutions, especially as regards: (a) impact (economic, environmental and social) of its investment strategy and results achieved in contributing to the balanced and steady development of the internal market in the interests of the Union; (b) actions adopted to enhance the countering of misconduct, conflicts of interest, tax avoidance, fraud and corruption; (c) new measures to strengthen transparency and human rights due diligence; (d) measures to strengthen support for SMEs and eligible economic operators during the implementation of EU policies; (e) follow-up on the calls and requests adopted via the present resolution;

Or. en

Amendment 260

Vlad Vasile-Voiculescu, Olivier Chastel

Motion for a resolution

Paragraph 64

Motion for a resolution

Amendment

64. Urges the EIB to continue reporting on the status of previous recommendations issued by Parliament, particularly regarding the outcomes achieved and the impact of actions taken to implement its priorities and EU policies, as well as the measures adopted to enhance the prevention of conflicts of interest, fraud, corruption, and other potential forms of misconduct; reiterates its call to the EIB to ensure proper geographical representation, including at middle and senior management levels, and calls on it to publish, annually, a gender and nationality breakdown of middle and senior management positions;

Or. en