Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-172-250"

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"en.20111013.19.4-172-250"2
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"The European Investment Bank (EIB), whose shareholders are the Member States, is one of the most important EU financial instruments. Its lending outside the EU (EUR 9 billion) represented more than 12% of its total lending for 2010. The European Union provides a budgetary guarantee to the EIB covering sovereign and political risks in connection with its loan and loan guarantee operations outside the EU in support of EU external policy objectives. This proposal aims to ensure the continuation of the EU guarantee for EIB external financing for the remainder of the current financial perspectives 2007-2013, whilst introducing new elements in the mandate. These new elements will help ensure greater EIB intervention in sectors which will further the development of third countries, such as environmental infrastructure, including water and sanitation, sustainable transportation and climate change mitigation."@en1

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