Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-048-000"

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"en.20110217.4.4-048-000"2
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". The budget guarantee provided by the European Union to the European Investment Bank (EIB) ensures the bank’s stability and covers political or country-specific risks arising during the bank’s activity, primarily for countries and projects which could only access funds from the capital market with difficulty, if at all. The Decision is about the renewal of the guarantee’s mandate. It sets the ceiling for financing, lists eligible countries and defines the extent of the support available to them. The system of regional objectives is replaced by high-level, comprehensive objectives covering all regions in accordance with the principles laid down in the Decision. The European Commission, in cooperation with the EIB and in consultation with the European External Action Service, is developing operational guidelines reflecting the EU’s regional strategy for each region affected by the mandate. Among developments, greater emphasis will be laid in the future on sectors such as health, education, environmental infrastructure, water, sanitation, the development of sustainable transportation, mitigating the effects of climate change, and adapting to them. The special task of the Committee on Budgetary Control was to reinforce the budgetary control functions in the Decision. In order to enhance transparency, the future disclosure to Parliament of all reports and information related to the EIB’s activity as well as the measurement of the concrete results of projects financed by the EU guarantee, and safeguarding the right of the European Court of Auditors to audit the use of funds from the EU budget are particularly important."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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