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Verbatim report of proceedings
Wednesday, 27 April 2016 - Brussels Revised edition

European Investment Bank annual report 2014 (debate)
MPphoto
 
 

  Benedek Jávor (Verts/ALE), in writing. The EIB is one of the strongest players in the EU when talking about investments in big-scale projects, providing direct funds and guarantees to governments and private and public enterprises. But a state of play where the EIB hides who the ultimate beneficiaries or the beneficial owners are, where the EIB continues to fund projects which are under investigation by OLAF or national authorities for fraud or corruption cannot be further tolerated. We demand that the EIB finally ends those practices.

The EIB must have a policy of zero tolerance for fraud, corruption and collusion and commit to strong integrity and ethical rules. The EIB should implement the highest transparency in their operations and focus on investments in environmentally-friendly and sustainable projects. Here we have a lot of room for improvement, as only 1% of the funds were spent for the renewable energy capacity development for the 13 new Member States in 2014. If we expect them to catch up and change their old-fashioned energy policies, then we clearly need to incentivise. Last but not least we have to prevent transactions to enterprises registered in offshore financial centres or tax havens which resort to aggressive tax planning.

 
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