European Parliament 2014-2019 Committee on Foreign Affairs 2016/0275(COD) 21.2.2017 AMDMTS 22-72 Draft opinion Eduard Kukan (PE595.732v01-00) EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union (COM(2016)0583 C8-0376/2016 2016/0275(COD)) AM\1116646.docx PE599.635v01-00 United in diversity
AM_Com_LegOpinion PE599.635v01-00 2/26 AM\1116646.docx
22 Georgios Epitideios Recital 1 (1) The international community faces an unprecedented refugee crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. All actors need to work together to apply sustained, medium and long-term policies and an efficient use of existing processes and programmes in order to support initiatives which contribute to addressing root causes of migration. (1) The international community faces an unprecedented migration crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. All actors need to work together to apply sustained, medium and long-term policies and an efficient use of existing processes and programmes in order to support initiatives which contribute to eliminating the root causes of migration. Or. el 23 Recital 9 (9) In order to allow the ELM to respond to potential upcoming challenges and Union priorities, as well as to provide a strategic response addressing root causes of migration, the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32 300 000 000 by releasing the optional additional amount of EUR 3 000 000 000. Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees and host communities in crisis affected areas. (9) In order to allow the ELM to maintain current levels of support for Union priorities as outlined in the Global Strategy on the European Union's Foreign and Security Policy ('EU Global Strategy'), respond to potential upcoming challenges and provide a strategic response addressing root causes of migration, the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 38 470 000 000, inter alia by releasing the optional additional amount of EUR 3 000 000 000. Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees and host communities AM\1116646.docx 3/26 PE599.635v01-00
in crisis affected areas. 24 Georgios Epitideios Recital 9 (9) In order to allow the ELM to respond to potential upcoming challenges and Union priorities, as well as to provide a strategic response addressing root causes of migration, the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32 300 000 000 by releasing the optional additional amount of EUR 3 000 000 000. Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees and host communities in crisis affected areas. (9) In order to allow the ELM to respond to potential upcoming challenges and Union priorities, as well as to provide a strategic response eliminating the root causes of migration, the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32 300 000 000 by releasing the optional additional amount of EUR 3 000 000 000. Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees and host communities in crisis affected areas. Or. el 25 Recital 9 a (new) (9 a) While addressing root causes of the migration and refugee crisis is paramount, that should not come at the cost of policies in other areas of key strategic priority as outlined in the EU Global Strategy. PE599.635v01-00 4/26 AM\1116646.docx
26 Georgios Epitideios Recital 10 (10) Under the new private sector lending mandate, the maximum amount of EUR 2 300 000 000 should be dedicated to projects addressing root causes of migration within the maximum increased ceiling and should benefit from the Comprehensive Guarantee by the Union. (10) Under the new private sector lending mandate, the maximum amount of EUR 2 300 000 000 should be dedicated to projects seeking to eradicate the root causes of migration within the maximum increased ceiling and should benefit from the Comprehensive Guarantee by the Union. Or. el 27 Georgios Epitideios Recital 11 (11) Addressing root causes of migration should be added as a new objective of the mandate. (11) Curbing and ultimately eradicating the root causes of migration should be added as a new objective of the mandate. Or. el 28 Recital 11 (11) Addressing root causes of migration should be added as a new objective of the mandate. (11) Addressing root causes of migration should be added as a new objective of the mandate and should be pursued in full compliance with Article 21 of the Treaty on European Union (TEU), AM\1116646.docx 5/26 PE599.635v01-00
including with regard to the protection of human rights, labour rights and gender equality. 29 Georgios Epitideios Recital 12 (12) Complementarity and coordination with Union initiatives addressing root causes of migration should be ensured, including with Union support for the sustainable reintegration of returned migrants in the countries of origin. (12) Complementarity and coordination with Union initiatives to eradicate the root causes of migration should be ensured, including with Union support for the sustainable reintegration of returned migrants in the countries of origin. Or. el 30 Heidi Hautala, Tamás Meszerics on behalf of the Verts/ALE Group Recital 13 (13) Following the Paris Agreement adopted under the United Nations Framework Convention on Climate Change 4, the EIB should aim to sustain the current high level of climate relevant spending under the ELM, contributing to increasing its climate-related investment in developing countries from 25 % to 35 % by 2020. 4 Council Decision (EU) 2016/590 of 11 April 2016 on the conclusion, on behalf of (13) Following the Paris Agreement adopted under the United Nations Framework Convention on Climate Change 4, the EIB should aim to increase the current level of climate relevant spending under the ELM, contributing to increasing its climate-related investment in developing countries from 25 % to 35 % by 2020, in accordance with the commitment taken as part of its climate strategy. 4 Council Decision (EU) 2016/590 of 11 April 2016 on the conclusion, on behalf of PE599.635v01-00 6/26 AM\1116646.docx
the European Union, of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change (OJ L 103, 19.4.2016, p. 1). the European Union, of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change (OJ L 103, 19.4.2016, p. 1). 31 Georgios Epitideios Recital 15 (15) The EIB should develop and implement a set of indicators in its Results Measurement framework for projects in the public sector and in the private sector directed to refugees and host communities. Therefore, an assessment of the contribution of EIB financing operations addressing root causes of migration should be included in the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations. (15) Therefore, an assessment of the contribution of EIB financing operations eradicating the root causes of migration should be included in the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations. Or. el 32 Recital 15 (15) The EIB should develop and implement a set of indicators in its Results Measurement framework for projects in the public sector and in the private sector directed to refugees and host communities. Therefore, an assessment of the contribution of EIB financing operations addressing root causes of migration should (15) The EIB should develop and implement a set of indicators in its Results Measurement framework for projects in the public sector and in the private sector directed to refugees and host communities. Therefore, an assessment of the contribution of EIB financing operations addressing root causes of migration should AM\1116646.docx 7/26 PE599.635v01-00
be included in the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations. be included in the Commission's annual reporting to the European Parliament and to the Council on EIB financing operations. Appropriate access to information for the institutions of the Union and for the general public should be improved, particularly with regard to results, evaluations and impact appraisals of projects, the system of contracts and subcontracts, and economic feasibility studies. 33 Georgios Epitideios Recital 16 a (new) (16 a) Particular attention should be given to the operators in each country to whom the above amounts are allocated, as it is very likely that they will be given to corrupt politicians of the countries where the investments will be made and end up in their bank accounts instead of being used for the purpose for which they were originally allocated. Or. el 34 Bas Belder Recital 17 (17) The list of eligible regions and countries and potentially eligible regions and countries should be modified in order to exclude high income countries with high credit rating (Brunei, Iceland, Israel, (17) The list of eligible regions and countries and potentially eligible regions and countries should be modified in order to exclude high income countries with high credit rating (Brunei, Iceland, Singapore, PE599.635v01-00 8/26 AM\1116646.docx
Singapore, Chile and South Korea). In addition, Iran is to be added to the list of potentially eligible regions and countries. Chile and South Korea), except for countries where investments have significant regional ramifications, which contribute to regional, economic and political stability. Given that the EIB has expressed interest in financing a desalination plant and a natural gas project to serve both Israel and Jordan, Israel should be kept on the list in support of regional stability. In addition, Iran is to be considered as an eligible country to be added to the list of potentially eligible regions and countries, once it complies with the public statements of the Financial Action Task Force (FATF) and with the Action Plans. 35 Jacek Saryusz-Wolski Article 1 paragraph 1 point 1 Decision No 466/2014/EU Article 2 paragraph 1 subparagraph 1 The maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall not exceed EUR 32 300 000 000. Amounts initially earmarked for financing operations but subsequently cancelled shall not count against the ceiling. The maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall not exceed EUR 38 470 000 000. Amounts initially earmarked for financing operations but subsequently cancelled shall not count against the ceiling. 36 Article 1 paragraph 1 point 1 Decision No 466/2014/EU Article 2 paragraph 1 subparagraph 1 AM\1116646.docx 9/26 PE599.635v01-00
The maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall not exceed EUR 32 300 000 000. Amounts initially earmarked for financing operations but subsequently cancelled shall not count against the ceiling. The maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall not exceed EUR 38 470 000 000. Amounts initially earmarked for financing operations but subsequently cancelled shall not count against the ceiling. 37 Jacek Saryusz-Wolski Article 1 paragraph 1 point 1 Decision No 466/2014/EU Article 2 paragraph 1 subparagraph 2 - point a (a) a maximum amount of EUR 30 000 000 000 under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to refugees and host communities; (a) a maximum amount of EUR 36 170 000 000 under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to refugees and host communities; 38 Article 1 paragraph 1 point 1 Decision No 466/2014/EU Article 2 paragraph 1 subparagraph 2 - point a (a) a maximum amount of EUR 30 000 000 000 under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to refugees and host communities; (a) a maximum amount of EUR 36 170 000 000 under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to refugees and host communities; PE599.635v01-00 10/26 AM\1116646.docx
39 Bas Belder Article 1 paragraph 1 point 1 Decision 466/2014/EU Article 2 paragraph 2 2. The maximum amounts under the general mandate and the private sector lending mandate referred to in paragraph 1 shall be broken down into regional ceilings and sub-ceilings as laid down in Annex I. Within the regional ceilings, the EIB shall progressively ensure a balanced country distribution within the regions covered by the EU guarantee.; 2. The maximum amounts under the general mandate and the private sector lending mandate referred to in paragraph 1 shall be broken down into regional ceilings and sub-ceilings as laid down in Annex I, following reprioritisation, ensuring that the increased ELM is distributed between European Neighbourhood countries (East and South) and the Western Balkans. Given the decision of the European Parliament to halt EU pre-accession talks with Turkey and the increased needs of the Mediterranean countries as a result of the many regional crises, part of the financing for Turkey is to be distributed to projects in the Mediterranean. Within the regional ceilings, the EIB shall progressively ensure a balanced country distribution within the regions covered by the EU guarantee.'; 40 Sabine Lösing Article 1 paragraph 1 point 1 Decision 466/2014/EU Article 2 paragraph 2 2. The maximum amounts under the general mandate and the private sector lending mandate referred to in paragraph 1 shall be broken down into regional ceilings 2. The maximum amounts under the general mandate and the private sector lending mandate referred to in paragraph 1 shall be broken down into regional ceilings AM\1116646.docx 11/26 PE599.635v01-00
and sub-ceilings as laid down in Annex I. Within the regional ceilings, the EIB shall progressively ensure a balanced country distribution within the regions covered by the EU guarantee.; and sub-ceilings as laid down in Annex I. Within the regional ceilings, the EIB shall progressively ensure a balanced country distribution within the regions covered by the EU guarantee. Private sector lending shall expressly ensure the development of the local private sector, in particular by support to small and medium-sized enterprises (SMEs) and by the development of socio-economic infrastructure.'; 41 Article 1 paragraph 1 point 2 point a Decision No 466/2014/EU Article 3 paragraph 1 point d (d) strategic response to addressing root causes of migration.; (d) strategic response to addressing resilience of migrants, refugees and transit and host communities.'; 42 Bas Belder Article 1 paragraph 1 point 2 point b Decision 466/2014/EU Article 3 paragraph 5 subparagraph 1 To ensure that private sector investments have the greatest development impact, the EIB shall endeavour to strengthen the local private sector in beneficiary countries through support to local investment as provided for in point (a) of paragraph 1. EIB financing operations supporting the To ensure that private sector investments have the greatest development impact, the EIB shall endeavour to strengthen the local private sector in beneficiary countries through support to local investment as provided for in point (a) of paragraph 1. EIB financing operations supporting the PE599.635v01-00 12/26 AM\1116646.docx
general objectives set out in paragraph 1 shall endeavour to also enhance its support to investment projects run by SMEs from the Union. In order to effectively monitor the use of funds for the benefit of the SMEs concerned, the EIB shall establish and maintain adequate contractual provisions imposing standard reporting obligations on both the financial intermediaries and the beneficiaries; general objectives set out in paragraph 1 shall endeavour to also enhance its support to investment projects run by SMEs from the Union. The EIB shall allow more risktaking, flexibility and a development approach as well as enabling accurate impact measurements. In order to effectively monitor the use of funds for the benefit of the SMEs concerned, the EIB shall establish and maintain adequate contractual provisions imposing standard reporting obligations on both the financial intermediaries and the beneficiaries'; 43 Heidi Hautala, Tamás Meszerics on behalf of the Verts/ALE Group Article 1 paragraph 1 point 2 point c Decision 466/2014/EU Article 3 paragraph 7 subparagraph 1 EIB financing operations supporting the general objectives set out in point (c) of paragraph 1 shall back investment projects in climate change mitigation and adaptation that contribute to the overall objectives of the United Nations Framework Convention on Climate Change and of the Paris Agreement adopted under that Convention, in particular by avoiding or reducing greenhouse gas emissions in the areas of renewable energy, energy efficiency and sustainable transport, or by increasing resilience to the adverse impacts of climate change on vulnerable countries, sectors and communities. EIB financing operations supporting the general objectives set out in point (c) of paragraph 1 shall back investment projects in climate change mitigation and adaptation that contribute to the overall objectives of the United Nations Framework Convention on Climate Change and of the Paris Agreement adopted under that Convention, in particular by avoiding or reducing greenhouse gas emissions and reducing the carbon footprint in the areas of renewable energy, energy efficiency and sustainable transport, or by increasing resilience to the adverse impacts of climate change on vulnerable countries, sectors and communities. AM\1116646.docx 13/26 PE599.635v01-00
44 Bas Belder Article 1 paragraph 1 point 2 point c Decision 466/2014/EU Article 3 paragraph 8 subparagraph 1 EIB financing operations supporting the general objectives set out in point (d) of paragraph 1 shall back investment projects that address root causes of the migration and contribute to long-term economic resilience and safeguard sustainable development in beneficiary countries. EIB financing operations shall, in particular, address increased needs for infrastructure and related services to cater for the migrants influx, and boost employment opportunities for host and refugee communities to foster economic integration and enable refugees to become self-reliant. EIB financing operations supporting the general objectives set out in point (d) of paragraph 1 shall back investment projects that contribute to addressing root causes of migration and to long-term economic resilience as well as sustainable development in beneficiary countries. EIB financing operations shall, in particular, address increased needs for infrastructure and related services to cater for the migrants influx, and boost employment opportunities for host and refugee communities to foster economic integration and enable refugees to become self-reliant. 45 Sabine Lösing Article 1 paragraph 1 point 2 point c Decision 466/2014/EU Article 3 paragraph 8 subparagraph 1 EIB financing operations supporting the general objectives set out in point (d) of paragraph 1 shall back investment projects that address root causes of the migration and contribute to long-term economic resilience and safeguard sustainable development in beneficiary countries. EIB financing operations shall, in particular, address increased needs for infrastructure and related services to cater for the migrants influx, and boost employment opportunities for host and refugee EIB financing operations supporting the general objectives set out in point (d) of paragraph 1 shall back investment projects that address root causes of the migration and contribute to long-term economic resilience and safeguard sustainable socioeconomic development in beneficiary countries. EIB financing operations shall, in particular, address increased needs for infrastructure and related services to cater for the migrants influx, and boost employment opportunities for host and PE599.635v01-00 14/26 AM\1116646.docx
communities to foster economic integration and enable refugees to become self-reliant. refugee communities to foster economic integration and enable refugees to become self-reliant. 46 Sabine Lösing Article 1 paragraph 1 point 2 point c Decision 466/2014/EU Article 3 paragraph 8 - subparagraph 2 point a (a) the private sector in the areas of SMEs, corporate finance and microfinance; (a) the local private sector in the areas of SMEs, corporate finance and microfinance; 47 Article 1 paragraph 1 point 3 a (new) Decision No 466/2014/EU Article 9 paragraph 1 Present text (3 a) Article 9(1) is amended as follows: "1.The EIB shall carry out thorough due "1. The EIB shall carry out thorough due diligence and, where appropriate, shall diligence and shall require project require project promoters to carry out local promoters to carry out local public public consultation, in line with Union consultation, in line with Union social and social and environmental principles, with environmental principles, with the relevant the relevant national and local national and local stakeholders, as well as stakeholders, as well as with civil society, with civil society, at project planning stage at project planning stage and and implementation stage on social, human implementation stage on social, human rights, environmental, economic and rights, environmental, economic and development-related aspects of investment development-related aspects of investment projects covered by the EU guarantee, and projects covered by the EU guarantee, and to provide information relevant for the to provide information relevant for the assessment of the contribution to the assessment of the contribution to the fulfilment of Union external policy and AM\1116646.docx 15/26 PE599.635v01-00
fulfilment of Union external policy and strategic objectives. Where appropriate, this appraisal shall include an assessment of how the capacities of the beneficiaries of EIB financing can be reinforced throughout the project cycle with technical assistance. The EIB's own rules and procedures shall include the necessary provisions on assessment of environmental and social impact of investment projects and of aspects related to human rights and conflict prevention, to ensure that investment projects supported under this Decision are environmentally and socially sustainable." strategic objectives. A legal mechanism accessible to all stakeholders, including local communities and civil society, shall be put in place in order to assess compliance with Article 21 TEU. This appraisal shall include an assessment of how the capacities of the beneficiaries of EIB financing can be reinforced throughout the project cycle with technical assistance. The EIB's own rules and procedures shall include the necessary provisions on assessment of environmental and social impact of investment projects and of aspects related to human rights and conflict prevention, to ensure that investment projects supported under this Decision are environmentally and socially sustainable. The EIB shall develop practical guidance on ensuring the respect of human rights, including human rights benchmarks, in its project assessments." 48 Article 1 paragraph 1 point 3 b (new) Decision No 466/2014/EU Article 9 paragraph 3 Present text "3.The EIB monitoring shall also endeavour to cover the implementation of intermediated operations and the performance of financial intermediaries in support of SMEs." (3 b) Article 9(3) is amended as follows: "3. The EIB monitoring shall cover the implementation of intermediated operations and the performance of financial intermediaries in support of SMEs." (http://eur-lex.europa.eu/legalcontent//txt/html/?uri=celex:32014d0466&qid=1487606632536&from=) (http://eur-lex.europa.eu/legalcontent//txt/html/?uri=celex:32014d0466&qid=1487606632536&from=) PE599.635v01-00 16/26 AM\1116646.docx
49 Article 1 paragraph 1 point 5 point -a (new) Decision No 466/2014/EU Article 11 paragraph 1 point b Present text "an assessment of the added value, the estimated outputs, outcomes and development impact of EIB financing operations at an aggregated basis, drawing on the EIB's Results Measurement framework annual report. To that effect, the EIB shall use performance indicators in relation to development, environmental and social aspects, including human right aspects, of projects funded, taking into account the relevant indicators under the Paris Declaration of 2005 for Aid Effectiveness. Indicators for environmental aspects of projects shall include criteria for clean technology which are oriented in principle at energy efficiency and technologies for reducing emissions;" (-a) Article 11(1)(b) is amended as follows: "an assessment of the added value, the estimated outputs, outcomes and development impact of EIB financing operations at an aggregated basis, drawing on the EIB's Results Measurement framework annual report. To that effect, the EIB shall use performance indicators in relation to development, environmental and social aspects, including aspects relating to human rights, labour rights and gender equality, of projects funded, taking into account the relevant indicators under the Paris Declaration of 2005 for Aid Effectiveness. Indicators for environmental aspects of projects shall include criteria for clean technology which are oriented in principle at energy efficiency and technologies for reducing emissions;" (http://eur-lex.europa.eu/legalcontent//txt/html/?uri=celex:32014d0466&qid=1487606632536&from=) 50 Article 1 paragraph 1 point 5 point a Decision No 466/2014/EU Article 11 paragraph 1 point b (b) Indicators for projects providing (b) Indicators for projects providing strategic response addressing root causes of strategic response addressing root causes of migration shall be developed by the EIB;; migration shall be developed by the EIB in close consultation with affected AM\1116646.docx 17/26 PE599.635v01-00
communities, civil society organisations and NGOs;'; 51 Heidi Hautala, Tamás Meszerics on behalf of the Verts/ALE Group Article 1 paragraph 1 point 5 point a a (new) Decision No 466/2014/EU Article 11 paragraph 1 point c Present text "an assessment of the contribution of EIB financing operations to the fulfilment of Union external policy and strategic objectives, taking into account the regional technical operational guidelines referred to in Article 5;" (a a) Article 11(1)(c) is amended as follows: "an assessment of the contribution of EIB financing operations to the fulfilment of Union external policy and strategic objectives, taking into account the regional technical operational guidelines referred to in Article 5; The Commission, in cooperation with the EEAS, shall establish a framework and methodology for annual reporting by the EIB on its operations covered by the Community Guarantee and their compliance with the general principles guiding Union external action as referred to in Article 21 TEU. The key objective of the reporting is to monitor the compliance of the EIB with its Treaty obligations and with Article 21 TEU in particular, including the respect and promotion of human rights, the eradication of poverty, and the management of environmental risks; The methodology shall be developed by the Commission and the EEAS during the first year following the entry into force of this Decision and shall build upon the reporting on human rights compliance by the EIB, as requested by the EU Strategic Framework and Action Plan on Human Rights and Democracy; PE599.635v01-00 18/26 AM\1116646.docx
Based on the annual reporting from the EIB, the Commission shall produce each year for the European Parliament its own evaluation of the information provided by the EIB and suggest possible changes to the policies and procedures followed by the EIB for adoption by the Member States after taking into account the opinion of the European Parliament on such changes. Any future recommendations made by the Commission and the European Parliament on how to improve EIB reporting to that end shall be reflected during the updating of the Regional Technical Operational Guidelines for EIB financing operations;" (http://eur-lex.europa.eu/legalcontent//txt/html/?uri=celex:32014d0466&qid=1487606632536&from=) 52 Article 1 paragraph 1 point 5 point a a (new) Decision No 466/2014/EU Article 11 paragraph 1 point e Present text "an assessment of the quality of EIB financing operations, in particular, the extent to which the EIB has taken into account environmental and social sustainability in the due diligence and monitoring of the investment projects financed;" (a a) Article 11(1)(e) is amended as follows: "an assessment of the quality of EIB financing operations, in particular, the extent to which the EIB has taken into account environmental and social sustainability in the due diligence and monitoring of the investment projects financed as well as measures to maximise local ownership by promoting the involvement of affected communities, civil society organisations and NGOs;" AM\1116646.docx 19/26 PE599.635v01-00
(http://eur-lex.europa.eu/legalcontent//txt/html/?uri=celex:32014d0466&qid=1487606632536&from=) 53 Article 1 paragraph 1 point 5 a (new) Decision No 466/2014/EU Article 13 Present text "In its financing operations, the EIB shall not tolerate any activities carried out for illegal purposes, including money laundering, financing of terrorism, tax fraud and tax evasion, corruption, and fraud affecting the financial interests of the Union. In particular the EIB shall not participate in any financing operation implemented in an eligible country through a foreign vehicle located in a noncooperative jurisdiction identified as such by the Union, the United Nations, the Organisation for Economic Cooperation and Development or the Financial Action Task Force. In its financing operations, the EIB shall apply the principles and standards set out in Union law on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, including a requirement to take reasonable measures to identify the beneficial owners where applicable." (5 a) Article 13 is amended as follows: "In its financing operations, the EIB shall not tolerate any activities carried out for illegal purposes, including money laundering, financing of terrorism, tax fraud and tax evasion, corruption, and fraud affecting the financial interests of the Union. In particular the EIB shall not participate in any financing operation implemented in an eligible country through a foreign vehicle located in a noncooperative jurisdiction identified as such by the Union, the United Nations, the Organisation for Economic Cooperation and Development or the Financial Action Task Force. In its financing operations, the EIB shall apply the principles and standards set out in Union law on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, including through the introduction of country-by-country reporting, public registers of beneficial ownership and a blacklist of non-compliant tax jurisdictions. The EIB shall regularly report to the European Parliament on the implementation of its non-compliant jurisdiction policy." (http://eur-lex.europa.eu/legalcontent//txt/html/?uri=celex:32014d0466&qid=1487606632536&from=) PE599.635v01-00 20/26 AM\1116646.docx
54 Bas Belder Annex I point A A. Pre-accession countries: EUR 9 679 000 000 of which EUR 9 239 000 000 under the general mandate and EUR 440 000 000 under the private sector lending mandate. A. Pre-accession countries: EUR 5 119 000 000 of which EUR 4 679 000 000 under the general mandate and EUR 440 000 000 under the private sector lending mandate. 55 Bas Belder Annex I point B introductory part B. Neighbourhood and Partnership countries: EUR 18 374 000 000, broken down into the following sub-ceilings: B. Neighbourhood and Partnership countries: EUR 18 751 705 000, broken down into the following sub-ceilings: 56 Jacek Saryusz-Wolski Annex I point B introductory part B. Neighbourhood and Partnership countries: EUR 18 374 000 000, broken down into the following sub-ceilings: B. Neighbourhood and Partnership countries: EUR 24 544 000 000, broken down into the following sub-ceilings: 57 AM\1116646.docx 21/26 PE599.635v01-00
Annex I point B introductory part B. Neighbourhood and Partnership countries: EUR 18 374 000 000, broken down into the following sub-ceilings: B. Neighbourhood and Partnership countries: EUR 22 337 000 000, broken down into the following sub-ceilings: 58 Annex I point B point i (i) Mediterranean countries: EUR 12 366 000 000 of which EUR 10 506 000 000 under the general mandate and EUR 1 860 000 000 under the private sector lending mandate; (i) Mediterranean countries: EUR 13 866 000 000 of which EUR 12 006 000 000 under the general mandate and EUR 1 860 000 000 under the private sector lending mandate; 59 Bas Belder Annex I point B point i (i) Mediterranean countries: EUR 12 366 000 000 of which EUR 10 506 000 000 under the general mandate and EUR 1 860 000 000 under the private sector lending mandate; (i) Mediterranean countries: EUR 16 926 000 000 of which EUR 15 066 000 000 under the general mandate and EUR 1 860 000 000 under the private sector lending mandate; PE599.635v01-00 22/26 AM\1116646.docx
60 Jacek Saryusz-Wolski Annex I point B point ii (ii) Eastern Europe, Southern Caucasus and Russia: EUR 6 008 000 000; (ii) Eastern Europe, Southern Caucasus and Russia: EUR 12 178 000 000; 61 Bas Belder Annex I point B point ii (ii) Eastern Europe, Southern Caucasus and Russia: EUR 6 008 000 000; (ii) Eastern Europe, Southern Caucasus and Russia: EUR 6 385 705 000; 62 Annex I point B point ii (ii) Eastern Europe, Southern Caucasus and Russia: EUR 6 008 000 000; (ii) Eastern Europe, Southern Caucasus and Russia: EUR 8 471 000 000; 63 Annex I point C introductory part AM\1116646.docx 23/26 PE599.635v01-00
C. Asia and Latin America: EUR 3 785 000 000, broken down into the following sub-ceilings: C. Asia and Latin America: EUR 5 938 000 000, broken down into the following sub-ceilings: 64 Bas Belder Annex I point C introductory part C. Asia and Latin America: EUR 3 785 000 000, broken down into the following sub-ceilings: C. Asia and Latin America: EUR 3 407 295 000, broken down into the following sub-ceilings: 65 Bas Belder Annex I point C point i (i) Latin America: EUR 2 543 000 000; (i) Latin America: EUR 2 288 870 000; 66 Annex I point C point i (i) Latin America: EUR 2 543 000 000; (i) Latin America: EUR 3 518 000 000; PE599.635v01-00 24/26 AM\1116646.docx
67 Annex I point C point ii (ii) Asia: EUR 1 040 000 000; (ii) Asia: EUR 2 018 000 000; 68 Bas Belder Annex I point C point ii (ii) Asia: EUR 1 040 000 000; (ii) Asia: EUR 936 356 000; 69 Annex I point C point iii (iii) Central Asia: EUR 202 000 000; (iii) Central Asia: EUR 402 000 000; 70 Bas Belder Annex I point C point iii AM\1116646.docx 25/26 PE599.635v01-00
(iii) Central Asia: EUR 202 000 000; (iii) Central Asia: EUR 182 069 000; 71 Annex I point D paragraph 1 South Africa: EUR 462 000 000. South Africa: EUR 516 000 000. 72 Bas Belder Annex I point D paragraph 1 South Africa: EUR 462 000 000. South Africa: EUR 416 158 000. PE599.635v01-00 26/26 AM\1116646.docx