Financial activities of the European Investment Bank – annual report 2024

Tabled by Marc Botenga, Pasquale Tridico, João Oliveira

28. Removed: Welcomes Added: Deplores the EIB’s proactive approach in the area of security and defence; highlights … plan set to double it again to a record EUR 2 billion; Removed: stresses that greater EIB investment in the defence sector can encourage commercial banks’ investment in the sector; notes, however, that these amounts represent less than 1.1 % of EIB investments for 2024 (EUR 88.8 billion), and 2.2 % of its financing objectives for 2025 (EUR 95 billion) and emphasises that they can only play a complementary role in addressing the estimated EUR 33.6 billion to EUR 48 billion in new financing required by 2030 for defence companies to meet the increase in orders expected under the ReArm Europe / Readiness 2030 plan; stresses that European-level funding is essential to meet the significant funding needs of Member States; underlines that any future structural European defence funding must be designed with clear conditions set and strong oversight, drawing on lessons learned from existing instruments; Added: stresses, in this context, that, in the middle of a social and economic crisis, there is a need for social and environmental investments, rather than an arms race;

Wording as published by the EP, in English. PE773.989v01-00