Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-178-000"

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"en.20111013.19.4-178-000"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 over 12% of its total 2010 lending. It is therefore essential to grant an EU guarantee to the European Investment Bank against losses under loans and loan guarantees for projects outside the European Union. We therefore favour strengthening the capacity of the EIB to support EU development objectives by enhancing its appraisal and monitoring of the social and development-related aspects of projects. We believe that we need greater and more focused intervention in sectors which further the development of third countries, such as environmental infrastructure, including water and sanitation, sustainable transportation and climate change mitigation and adaptation. At the same time, we believe it is essential to strengthen the transparency of EIB operations under its external mandate and their support for EU external policy objectives, taking into account longer term prospects, some of which were highlighted by the mid-term review recommendations."@en1

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