Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-010"
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"en.20100506.3.4-010"2
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"Mr President, on behalf of the Commission, I would like to thank Mr Deutsch for an excellent report, and also to welcome President Philip Maystadt to your plenary and congratulate him for the huge efforts the EIB has made to counter the economic crisis and to support the EU’s recovery plan.
I trust that you will find it a solid and balanced proposal which takes into account Parliament’s recommendations and concerns. It aims at reinforcing the focus of the external mandate on the key policy areas where the EIB has a well-proven track record, especially climate change, social and economic infrastructure and local private sector development, but also at placing more emphasis on development aspects of EIB financing.
So, in conclusion, we are looking forward to constructive and productive discussions with you and with the Council over the next months on this proposal. We hope that once again we could see an agreement at first reading, so that legal stability can continue to be ensured for an external mandate that allows us to effectively and efficiently pursue the EU’s external policy objectives.
In the extraordinary circumstances we made an extraordinary call to the Bank, and it responded immediately by accelerating its lending to record highs. Due to its excellent financial standing, it was able to do so even at a time when it was difficult to raise finance from the markets.
The increased volumes targeted especially those areas which we feel – and I trust Parliament shares this view – are a priority, especially small and medium-sized enterprises, energy and climate change, as well as investments in the convergence regions of the Union which have been particularly hard hit by the economic slowdown. Furthermore, the EIB, in a joint initiative with the EBRD and the World Bank, was able to increase its support to the financial sector in the countries of Central and Eastern Europe, which are also experiencing an especially difficult situation.
The EIB will have a very important role to play in the implementation of the Europe 2020 Strategy in supporting investments in infrastructure, green technologies, innovation and SMEs.
We are also laying the groundwork to enhance the combined use of EU grants with the EIB financial instruments both inside and outside the Union, including in the convergence regions, where the EIB can play an important role in improving the absorption of structural funds.
In the external field, I am very satisfied with the mid-term review of the EIB external mandate, supported by the Camdessus report, which concluded that the EU guarantee to the EIB is an efficient and forceful instrument with high financial and political leverage.
The Camdessus report also contained a number of good suggestions on increased alignment of EIB external activity with EU policies, and on how to enhance the cooperation of the EIB and the EBRD, building on Parliament’s resolution on the EIB and EBRD Annual Reports for 2007.
Parliament had called for a better mutual understanding between the two banks. I have been very pleased to see that the EIB and the EBRD have reached an agreement on their cooperation in common countries of cooperation. This will form the basis for a more global tripartite agreement with the Commission replacing the existing regionally based agreements.
The main outcome of the mid-term review is the legislative proposal which the Commission has just submitted to Parliament and the Council for amendment of the EIB mandate for the remainder of the current financial perspective."@en1
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