Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-22-Speech-4-183"
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"en.20040422.5.4-183"2
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The main function of the European Investment Bank (EIB) is, in conjunction with the European Investment Fund, to support capital investment that promotes sustainable development and economic and social cohesion. It provides financing for small businesses (45% of the overall total of loans), for research, for environmental protection and for basic infrastructure. Of course, these projects go hand in hand with the Community regional policy, but the EIB also supports the implementation of the Lisbon neo-liberal agenda.
For the first time, the EIB is to present to Parliament its Supervisory Committee’s report, which complements its annual report, and this is something that we welcome. We must, however, look carefully at the doubts raised as to the competence of the bank’s management and at accusations of a lack of transparency at the EIB. Parliamentary control must be strengthened. We therefore welcome the decision to hold a public hearing in Autumn 2004 into the EIB’s activities and political guidelines.
I am unhappy that the information published by the EIB on its website is presented in only three Community languages. Given the range of the EIB’s work, information on it should be available in all of the Community’s official languages."@en1
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