Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-31-Speech-3-112"
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"en.20040331.3.3-112"2
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This proposal is concerned with the revision, by the end of the last remaining period of the mandate, of the Community banking guarantee for the European Investment Bank (EIB), designed to cover loans granted by this bank, on the basis of Community own resources, to non-Member countries.
The Union’s enlargement, on 1 May 2004, will increase the EIB’s lending capacity, without increasing the ceiling for its mandate to provide external loans, which will be particularly favourable, at a time when the European Union is stepping up cooperation with the potential candidate countries from the Western Balkans and is preparing gradually to extend its relations with other neighbours, to the South and East.
According to the EIB’s Banking Activities Plan (BAP), the use planned for the various regional packages during the remaining period of the mandate suggests a total volume of loans that is greater than the overall amount that has been set.
Bearing these projections in mind, the Commission has proposed a new geographical distribution of the volume planned for the mandate, maintaining the current limit of EUR 19.46 million.
Given the need to improve the Union’s relations with its closest neighbours, I have voted in favour of the amendments that have been tabled."@en1
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