Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-06-Speech-3-436"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2005-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Impact of lending by the EC in developing countries2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20050706.32.3-436"2
lpv:hasSubsequent	lp_eu:2005-07-06-Speech-3-4372
lpv:speaker	lp:Nirj Deva2
lpv:spoken text	"Mr President, I would like to begin by congratulating Mrs Zimmer on her excellent report and congratulating the Commissioner for his proactive initiatives. I know he has been going up and down to Luxembourg to see Mr Maystadt and I think something very good is going to come out of all this. The EU is the largest aid donor in the world. The EIB’s lending facility is four times the size of the World Bank. But you, Mr President, know everything about the World Bank. Who knows anything about the EIB? Unless we do something about it, we could even change the EIB’s name to the European Invisible Bank. The EIB should be Europe’s premier financial institution for lending and development. It should lend to infrastructure and to SMEs. It should lend microcredits. It should lend beyond the EDF. It should be able to lend to all the developing countries that the European institutions help. The EIB’s statute needs to be strengthened by Parliament: to create a legal base, to have a grant funding element so that its lending and its interest charges can be much more competitive and be given with some security. For example, if the EIB were to lend at 1% a EUR 1 billion loan, it is only going to cost EUR 10 million. If it were to charge 2%, it is only EUR 20 million. What is EUR 20 million in our development budget? Very little, but it would enable the EIB to give billions to create infrastructure, create small businesses, create microcredits, and it would cost our Community aid budget EUR 20 million. That is all we are talking about. I think it is high time we did this."@en1
lpv:spokenAs	substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2004-09-15--2007-03-13)3 member; Delegation for relations with the countries of South Asia and the South Asia Association for Regional Cooperation (SAARC) (2004-09-16--2007-03-13)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2004-09-15--2009-07-13)3 substitute; AFET (2004-07-21--2007-01-14)3 member; DEVE (2004-07-21--2007-01-14)3 unknown; Conservative and Unionist Party (2004-07-20--2009-07-13)3 member_of_the_bureau; EPP-ED (2004-08-31--2009-07-13)3
lpv:unclassifiedMetadata	"Nirj Deva,"1 "on behalf of the PPE-DE Group"1

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