Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-07-Speech-4-330-375"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-04-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110407.18.4-330-375"2
lpv:hasSubsequent	lp_eu:2011-04-07-Speech-4-330-5002
lpv:speaker	lp:Zigmantas Balčytis2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 unknown; Lietuvos socialdemokratų partija (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; CONT (2009-07-16--2012-01-18)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; ITRE (2009-07-16--2012-01-18)3 substitute; TRAN (2009-07-16--2012-01-18)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3
lpv:translated text	"I voted in favour of this report. The European Investment Bank plays a critical role in supporting SMEs, particularly during this financial crisis and economic downturn. Given the huge importance of SMEs to the European economy, it was agreed that from 2008 to 2011, SMEs should receive loans totalling over EUR 30 billion. The European Progress Microfinance Facility was set up in March 2010 with some EUR 200 million in funding from the Commission and the Bank. However, SMEs still face difficulties trying to obtain credit. As stated in the Bank Watch report, SMEs, particularly those in Central and Eastern European Member States, are unable to take advantage of the assistance intended for them. The EIB must lay down clear financing conditions and more strict lending effectiveness criteria for its financial intermediaries providing loans. National financial intermediaries were given a period of two years to provide loans, but as the report states, some financial intermediaries granted only a small portion of the loans or did not grant any at all, although the financial resources were in their accounts. Furthermore, the EIB’s website still lacks publicly available data regarding the use and beneficiaries of allocated funding. I believe that the EIB must enhance transparency in its lending through financial intermediaries and report annually on its lending to SMEs, including an evaluation of the accessibility and effectiveness of this and lists of loan beneficiaries."@en1

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