Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-464-500"

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"en.20121025.32.4-464-500"2
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"The introduction of innovative financial instruments (IFIs) at European Union level should support investment in the European economy in line with EU objectives. Innovative financial instruments should act as a catalyst in situations of market failure or suboptimal investment. IFIs should also mobilise financing from private investors. In the context of the multiannual financial framework, the Commission has extended the application of IFIs under the cohesion policy to those areas that bring growth. I wholeheartedly welcome this focus. As a member of the Committee on Budgetary Control, I believe that the monitoring of IFIs should be developed and that their use should be well coordinated with other instruments to ensure their effective functioning. However, I must emphasise that when financing IFIs private investors should not be afforded priority treatment."@en1

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