Financial activities of the European Investment Bank - annual report 2023

Wording as published by the EP, in English.

1. Amendment 1Adopted

   Paragraph 31

   Tabled by Charles Goerens, Nathalie Loiseau · Renew

   … industry, including SMEs, in particular to contribute to continued support for Ukraine; Added: calls on the EIB to reform its eligibility list so that ammunition and military equipment that go beyond dual-use application are no longer excluded from EIB financing;

2. Amendment 1Adopted

   Paragraph 31

   Tabled by Charles Goerens, Nathalie Loiseau · Renew

   … industry, including SMEs, in particular to contribute to continued support for Ukraine; Added: calls on the EIB to reform its eligibility list so that ammunition and military equipment that go beyond dual-use application are no longer excluded from EIB financing;

3. Amendment 1Adopted

   Paragraph 31

   Tabled by Charles Goerens, Nathalie Loiseau · Renew

   … industry, including SMEs, in particular to contribute to continued support for Ukraine; Added: calls on the EIB to reform its eligibility list so that ammunition and military equipment that go beyond dual-use application are no longer excluded from EIB financing;

4. Amendment 3Rejected

   Paragraph 37 a (new)

   Tabled by Joachim Kuhs, Valentino Grant, Eric Minardi · ID

   Added: 37a. Urges the EIB to incorporate thorough screening processes for corruption, money laundering and terrorist financing into its due diligence procedures;

5. Amendment 4Rejected

   Paragraph 37 b (new)

   Tabled by Joachim Kuhs, Valentino Grant, Eric Minardi · ID

   Added: 37b. Is concerned about the EIB’s involvement in a project of the now bankrupt Kenyan construction company Spencon, which shows that EIB funds have been used to pay out bribes to local officials or to pay for illegal activities, including an EUR 80 000 cash payment to engineers for on-site inspections of a sewage treatment plant; regrets that the EIB rapidly closed the case in 2020 and only reopened it in 2022 following pressure from civil society organisations; regrets that the European Anti-Fraud Office did not pursue the case; highlights that the Spencon case underlines the need for the EIB to strengthen its anti-corruption framework, despite the fact that bribes are common practice in many countries where EIB Global operates;

6. Amendment 8Rejected

   Paragraph 42 b (new)

   Tabled by Joachim Kuhs, Valentino Grant, Eric Minardi · ID

   Added: 42b. Regrets the fact that a sitting Vice-President of the European Parliament, Nicola Beer, has seamlessly, without a cooling-off period, been appointed Vice-President of the European Investment Bank as of 1 January 2024; regrets the decision, which is at odds with good governance rules on revolving doors;