On the financial activities of the European Investment Bank – annual report 2024
ECON-PR-770192
Committee on Economic and Monetary Affairs · Rapporteur: Francisco Assis
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This draft report on the European Investment Bank's 2024 financial activities welcomes its strategic priorities and calls for a greater role in closing Europe's investment gap, with support from the Commission and member states.¶¶ It urges more investment in digital, climate, social infrastructure, housing, security and defence, and support for Ukraine, while stressing accountability and transparency.¶¶¶
Committee position. The rapporteur proposes a resolution welcoming the EIB's strategic priorities and calling for enhanced action in key areas, without proposing amendments to legislation.¶¶¶
Key points
- Welcomes the EIB's strategic priorities for 2024-2027, aligned with EU goals on competitiveness, green and digital transitions, cohesion, social infrastructure, and security.¶
- Calls on the Commission and EIB to fully leverage the EIB's potential and urges member states to provide sufficient funding to close Europe's investment gap.¶
- Stresses the need to simplify and consolidate EIB processes and mandates to enhance efficiency.¶
- Calls for progress on Capital Markets Union, Banking Union, and permanent EU investment instruments to support EIB operations.¶
- Calls on the EIB to strengthen financing for digital strategic autonomy and support the European Tech Champions Initiative.¶¶
- Welcomes EIB's climate role and its exceeding the 50% target for climate and environmental financing, and calls for more investment in adaptation.¶¶¶
- Calls for stepped-up EIB investment in education, training, and health, and welcomes its housing action plan with EUR 10 billion planned investments.¶¶
- Welcomes EIB's security and defence investment doubling to EUR 1 billion in 2024 and plans to double again to EUR 2 billion in 2025.¶
- Calls for increased EU budget guarantees for EIB operations in Ukraine and welcomes its Global Gateway role.¶¶
- Stresses the need for greater democratic accountability and transparency, reiterating the call for an interinstitutional agreement with Parliament.¶
Who is affected
Figures and deadlines
- EUR 88.8 billion total EIB investment in 2024, with EUR 50.7 billion for climate and environment.¶
- EUR 95 billion expected total EIB investment in 2025.
- EUR 10 billion planned EIB investments for affordable and sustainable housing over the next two years.¶
- EUR 300 to 400 billion annual investment gap for housing, to build 1.5 million new units and renovate 5 million.
- EUR 1 billion EIB security and defence investment in 2024, doubling to EUR 2 billion in 2025.¶
- At least 40% of EIB management positions held by women by end of 2026.¶
Legal basis: Articles 2 and 3 of the Treaty on European Union; Articles 15, 126, 174, 175, 177, 208, 209, 271, 308 and 309 of the Treaty on the Functioning of the European Union and Protocol (No 5); Articles 41 to 43 of the Euratom Treaty.¶¶¶