Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-06-Speech-3-437"
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"en.20050706.32.3-437"2
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".
First and foremost, I would like to thank Mrs Zimmer for her excellent report and all her hard work, and to thank the European Investment Bank for its cooperation. I am convinced that we all have a responsibility to explore and to deal with the problems of the developing world. I welcome the policy set out by the European Parliament, the Commission and the British Presidency regarding this issue. Developing world countries should not have to subsist merely on aid; possibilities must be opened up for bringing their economies to life. Instead of economic paralysis, a way out must be created for them. I would like to draw your attention to the following points that are being realised via the European Investment Bank’s lending activities.
The European Investment Bank supports the objectives set out by the European Union in the Cotonou Agreement and in the eight Millennium Development Goals. The fact that the bank takes into account the views of non-governmental organisations and public opinion, even at the project monitoring stage, is important. Environmental impact assessment and an environmental impact statement have now been integrated into the project cycle, while attention will continue to be focused on the social and employment policy consequences of the investments. A comprehensive anti-corruption policy and an open, transparent process of negotiation and concluding contracts will create a sound basis for this – the parties must namely put in place appropriate internal inspection mechanisms to expose corruption.
Lastly, I would like to highlight an issue that I consider to be a priority: in developing its lending to the private sector, it will now be possible to monitor respect for human rights and compliance with ILO labour standards and OECD guidelines. I believe that the only instruments worth applying are those that bring effective development and not merely transitional solutions to the problems of the developing world."@en1
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