Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-174-000"
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"en.20111013.19.4-174-000"2
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"The European Investment Bank (EIB) can award loans to projects, not just in the European Union Member States, but also in other countries. This report tackles the issue of EU budgetary guarantees to cover the sovereign and political risks associated with loans and loan guarantees outside the EU. This is an issue that falls under the scope of the codecision procedure between Parliament and the Council.
On 21 April 2010, the Commission submitted a proposal for a decision to Parliament and the Council granting an EU guarantee to the EIB against losses under loans and guarantees for projects outside the European Union. At specialist committee level, a number of amendments were adopted at first reading, including compromises which emerged from multiple informal contacts and opinions received from five committees. On 27 January 2011, the Committee on Budgets adopted its recommendation to plenary, incorporating a global compromise amendment in the form of a consolidated text. This is an important step insofar as it safeguards and facilitates the possibility of awarding loans for projects to be undertaken in developing countries, for example."@en1
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