Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-176-000"
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"en.20111013.19.4-176-000"2
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"In addition to its core mission of financing investment in the European Union, the European Investment Bank (EIB) has, since 1963, undertaken financing operations outside the European Union in support of the EU's external policies. This allows the EU budget funds available to the external regions to be complemented by the financial strength of the EIB for the benefit of beneficiary countries. With a view to supporting the Union’s external action, and in order to enable the EIB to finance investments outside the Union without affecting its credit standing, the majority of its operations in external regions have benefited from an EU budgetary guarantee administered by the Commission. EIB financing operations should contribute to the general principles guiding the EU’s external action, as referred to in Article 21 of the Treaty on the European Union, of promoting and consolidating democracy and the rule of law, human rights and fundamental freedoms, and to the implementation of international environmental agreements to which the EU is party. It is my view that, in accordance with the objective of enhancing the coherence of overall EU support in the regions concerned, opportunities should be sought to combine EIB financing with EU budgetary resources as and when appropriate. It is necessary to have an early exchange of views between the EIB, the Commission and the European External Action Service in the process of preparing programming documents in order to maximise synergies between EIB activities and those of the Commission."@en1
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