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BUDG vote on annual report on EIB

18-03-2020 - 15:27
Kirchberg, Luxembourg - July 22, 2017: European Investment Bank logo on a panel. Kirchberg, Luxembourg - July 22, 2017: European Investment Bank logo on a panel.
Exchange of views with EIB on transport funding © Image used under the license from Shutterstock.com

On 2 March, BUDG voted on Parliament's annual report for 2019 on the European Investment Bank (EIB). The draft report looks into current and future EIB activities based, inter alia, on the EIB's forward-looking operational plan. In his draft report, the rapporteur, David Cormand (Greens/EFA, FR), calls on the EIB to become more climate-focused and to draw up a concrete roadmap to reach the target of 50% climate lending by 2025.

The draft report also covers the EIB's role within the European Green Deal (EGD) and the Just Transition Mechanism (JTM), its role in supporting small- and medium-sized enterprises and mid-caps, the EIB's governance and transparency, as well as its External Lending Mandate.
In particular, the draft report underlines the EIB's crucial role in meeting the objectives set out in the EGD and the JTM of generating, respectively, EUR 1 trillion and EUR 100 million in investments, while at the same time recognising the importance of both the private and public sectors in achieving these targets.

222 amendments were tabled and some 40 compromise amendments introduced. ECON delivered an opinion as associated committee.