Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-014-000"
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"en.20110217.4.4-014-000"2
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"Mr President, the purpose of the guarantee offered to the European Investment Bank, based on this report, is to develop social and economic structures and reduce climate change in third countries, while also promoting democracy, the rule of law and human rights. This is why I regard as positive the suggestion to increase the general mandate offered to the bank, given as well that the countries which this guarantee is intended for include accession candidate countries and those which have signed partnership agreements with the European Union.
However, to be able to meet its responsibilities better in third countries, the bank needs substantial resources and more specialist staff. In this context the EIB must consider promoting certain projects of strategic importance to the European Union, such as the Nabucco pipeline and other major road, maritime and energy infrastructure projects.
Finally, I would like to stress the need for the bank to carry out some monitoring of the financed projects, both during their execution and at completion so as to verify compliance with social and environmental criteria."@en1
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