Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-04-Speech-4-201"
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"en.20011004.10.4-201"2
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". – I would like to express my appreciation to Parliament for the timely preparation of its opinion on this proposal.
This proposal is an integral element of the European Union's support to the Federal Republic of Yugoslavia. It aims to assist the country's political and economic reform programme. I am glad to note that the rapporteur fully agrees with this view.
The proposal enables the EIB to finance, under Community guarantee, basic investments in the transport and energy sectors, investments much needed to rehabilitate infrastructure damaged by the recent conflicts and by lack of maintenance in the past decade. The proposed increase of the lending mandate and the CEEC envelope by EUR 350 m is in line with the foreseen amount of EIB lending to the Federal Republic of Yugoslavia. The final amount of loans to the country will depend on its absorption potential and on the availability of suitable projects, and could exceed EUR 350 m. I say this in response to the rapporteur's warning about the risk of the overuse of funds. The possibility of hitting or moving the ceiling is there, but it very much depends on the emergence of suitable projects.
I can confirm that the Federal Republic of Yugoslavia has agreed to assume responsibility for its share of the outstanding financial obligations of the former Socialist Federal Republic of Yugoslavia. We have been informed that an agreement between the EIB and the FRY to that effect was approved by the Yugoslavian Parliament last week. With the entry into force of that decision – foreseen at the end of this week – I am glad to say that a remaining obstacle to the proposal will be removed."@en1
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