2016/0281(COD)

European Fund for Sustainable Development (EFSD), EFSD Guarantee and EFSD Guarantee Fund

Awaiting Parliament 1st reading / single reading / budget 1st stage

2016/0281(COD) European Fund for Sustainable Development (EFSD), EFSD Guarantee and EFSD Guarantee Fund
Next event: Indicative plenary sitting date, 1st reading/single reading 2017/09/12
RoleCommitteeRapporteurShadows
Lead AFET KUKAN Eduard (EPP), FRUNZULICĂ Doru-Claudian (S&D), GARDIAZABAL RUBIAL Eider (S&D) PONGA Maurice (EPP), RÜBIG Paul (EPP), POST Soraya (S&D), DEVA Nirj (ECR), VISTISEN Anders Primdahl (ECR), BECERRA BASTERRECHEA Beatriz (ALDE), JÄÄTTEENMÄKI Anneli (ALDE), PAET Urmas (ALDE), BENITO ZILUAGA Xabier (GUE/NGL), LÖSING Sabine (GUE/NGL), SÁNCHEZ CALDENTEY Lola (GUE/NGL), HAUTALA Heidi (Verts/ALE), CASTALDO Fabio Massimo (EFD), CORRAO Ignazio (EFD), ZANNI Marco (ENF)
Opinion AFET
Lead BUDG KUKAN Eduard (EPP), FRUNZULICĂ Doru-Claudian (S&D), GARDIAZABAL RUBIAL Eider (S&D) PONGA Maurice (EPP), RÜBIG Paul (EPP), POST Soraya (S&D), DEVA Nirj (ECR), VISTISEN Anders Primdahl (ECR), BECERRA BASTERRECHEA Beatriz (ALDE), JÄÄTTEENMÄKI Anneli (ALDE), PAET Urmas (ALDE), BENITO ZILUAGA Xabier (GUE/NGL), LÖSING Sabine (GUE/NGL), SÁNCHEZ CALDENTEY Lola (GUE/NGL), HAUTALA Heidi (Verts/ALE), CASTALDO Fabio Massimo (EFD), CORRAO Ignazio (EFD), ZANNI Marco (ENF)
Opinion BUDG GARDIAZABAL RUBIAL Eider (S&D)
Opinion CONT TARAND Indrek (Verts/ALE)
Lead DEVE KUKAN Eduard (EPP), FRUNZULICĂ Doru-Claudian (S&D), GARDIAZABAL RUBIAL Eider (S&D) PONGA Maurice (EPP), RÜBIG Paul (EPP), POST Soraya (S&D), DEVA Nirj (ECR), VISTISEN Anders Primdahl (ECR), BECERRA BASTERRECHEA Beatriz (ALDE), JÄÄTTEENMÄKI Anneli (ALDE), PAET Urmas (ALDE), BENITO ZILUAGA Xabier (GUE/NGL), LÖSING Sabine (GUE/NGL), SÁNCHEZ CALDENTEY Lola (GUE/NGL), HAUTALA Heidi (Verts/ALE), CASTALDO Fabio Massimo (EFD), CORRAO Ignazio (EFD), ZANNI Marco (ENF)
Lead DEVE FRUNZULICĂ Doru-Claudian (S&D)
Opinion ECON
Opinion INTA
Opinion LIBE
Lead committee dossier: CJ31/8/09264
Legal Basis RoP 055, TFEU TFEU 209-p1, TFEU TFEU 212
Subjects
Links

Activites

  • 2017/09/12 Indicative plenary sitting date, 1st reading/single reading
  • 2017/04/25 Committee report tabled for plenary, 1st reading/single reading
    • A8-0170/2017 summary
    • AFET KUKAN Eduard EPP FRUNZULICĂ Doru-Claudian S&D, GARDIAZABAL RUBIAL Eider S&D,
    • AFET
    • BUDG KUKAN Eduard EPP FRUNZULICĂ Doru-Claudian S&D, GARDIAZABAL RUBIAL Eider S&D,
    • BUDG GARDIAZABAL RUBIAL Eider S&D
    • CONT TARAND Indrek Verts/ALE
    • DEVE KUKAN Eduard EPP FRUNZULICĂ Doru-Claudian S&D, GARDIAZABAL RUBIAL Eider S&D,
    • DEVE FRUNZULICĂ Doru-Claudian S&D
    • ECON
    • INTA
    • LIBE
  • 2017/04/24 Committee decision to open interinstitutional negotiations with report adopted in committee
  • 2017/04/24 Vote in committee, 1st reading/single reading
  • 2017/02/16 Referral to joint committee announced in Parliament
  • #3511
  • 2016/12/13 Council Meeting
  • 2016/10/27 Committee referral announced in Parliament, 1st reading/single reading
  • 2016/09/14 Legislative proposal published
    • COM(2016)0586 summary
    • DG {u'url': u'http://ec.europa.eu/info/departments/international-cooperation-and-development_en', u'title': u'International Cooperation and Development'}, MIMICA Neven

Documents

  • Legislative proposal published: COM(2016)0586
  • Committee report tabled for plenary, 1st reading/single reading: A8-0170/2017
AmendmentsDossier
200 2016/0281(COD) European Fund for Sustainable Development (EFSD), EFSD Guarantee and EFSD Guarantee Fund
2017/03/03 CONT, BUDG 28 amendments...
source: PE-597.708
2017/03/06 AFET, DEVE, BUDG, AFET, DEVE, BUDG 69 amendments...
source: PE-599.835
2017/03/29 CONT 54 amendments...
source: PE-602.789
2017/04/12 CONT, BUDG 49 amendments...
source: PE-597.708

History

(these mark the time of scraping, not the official date of the change)

2017-06-17
activities/6/docs/0/text added
  • The Committee on Foreign Affairs and the Committee on Development Committee on Budgets adopted a joint report by Eduard KUKAN (EPP, SK), Doru-Claudian FRUNZULICĂ (S&D, RO) and Eider GARDIAZABAL RUBIAL (S&D, ES) on the proposal for a regulation of the European Parliament and of the Council on the European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund.

    As a reminder, the EFSD is the first pillar of the External Investment Plan (EIP), under which the Commission also plans to enhance technical assistance in partner countries (pillar 2) and to work towards improving the investment climate and overall policy environment in those countries (pillar 3).

    The committee recommended that the European Parliament’s position adopted at first reading, following the ordinary legislative procedure, should amend the Commission proposal as follows:

    Purpose: the EFSD shall contribute to the achievement of the Sustainable Development Goals of the 2030 Agenda and be guided by the objectives of Union external action set out in Article 21 of the Treaty on European Union (TEU) and of Union development cooperation policy set out in Article 208 TFEU and the internationally agreed development effectiveness principles, thus contributing to the Union's development and neighbourhood policies, with a particular focus on the eradication of poverty, long-term sustainable and inclusive growth, decent job creation, socio-economic sectors and on the support to micro, small and medium sized enterprises.

    It shall also:

    • foster sustainable reintegration of migrants returning to their countries of origin;
    • strengthen resilience of transit and host communities;
    • contribute to the implementation of the Paris Agreement by targeting investments to sectors that advance climate change mitigation and adaptation: at least 35 % of the financing to investments with components that contribute to climate action, renewable energy and resource efficiency.

    The EFSD shall be composed of regional investment platforms. These platforms shall be created by transforming the existing blending facilities created by Commission decisions. The platforms for Africa and the Neighbourhood shall be established first.

    The Commission shall work in close cooperation with the EIB supported by the other eligible counterparts as regards the operational management of the EFSD Guarantee.

    Strategic board of the EFSD: the Board shall ensure that investments have an appropriate and diversified geographical and thematic coverage, while giving special attention to the Least Developed Countries and fragile States. They shall also support overall coordination, complementarity and coherence between the regional investment platforms, between the three pillars of the EIP, between the EIP and the Union's other efforts on migration and financing instruments and trust funds.

    The European Parliament shall have observer status. In its strategic guidance, the strategic board shall take into account relevant European Parliament resolutions and Council decisions and conclusions.

    Regional operational boards: Members proposed that each regional investment platform shall have an operational board which shall support the Commission in defining regional and sectoral investment goals and regional, sectoral and thematic investment windows and shall formulate opinions on blending operations and on the use of the EFSD Guarantee.

    Eligibility criteria for the use of the EFSD Guarantee: the EFSD Guarantee shall support financing and investment operations which address market failures or sub-optimal investment situations and which:

    • respect the principle of additionality of EFSD financing and investment operations, involving a higher risk;
    • ensure complementarity with other initiatives, making sure that EFSD operations are clearly distinct, in particular from the external lending mandate operations managed by the EIB;
    • are economically and financially viable, with due regard to the possible support from, and co-financing by, private and public partners to the project, while taking into account the specific operating environment and capacities of countries identified as experiencing fragility or conflict;
    • respect the principles of development effectiveness and implement agreed guidelines, principles and conventions including the UN Principles for Responsible Investment, UN Guiding Principles on Business and Human Rights.

    At least EUR 100 000 000 of EFSD Guarantee coverage shall be allocated for investments in the partner countries from the Eastern and Southern Neighbourhood.

    Investment windows: the Commission is empowered to adopt, after consultation with the strategic board, delegated acts supplementing this Regulation by establishing a list of investment windows. The choice of investment windows shall be duly justified by an analysis of the market failure or sub-optimal investment situations.

    The Commission shall establish and publish a scoreboard of indicators to be used to ensure an independent and transparent assessment of the potential and actual operations backed by the EFSD Guarantee.

    Transparency and grievance mechanism: Members called on the Commission to publish on its web-portal information on financing and investment operations. The Commission shall establish a Union centralised grievance mechanism for all EFSD-supported projects.

2017-05-16
2017-05-11
2017-04-27
2017-04-26
2017-03-29
2017-03-13
2017-03-12
2017-03-04
2017-02-23
2017-02-16
2016-12-16
2016-12-02
2016-11-30
2016-11-22
2016-10-21

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