you're reading...
Economic and Social Policies, EU Financing / Budgetary Affairs, PUBLICATIONS

Guarantee Fund for External Action and EIB external lending mandate [EU Legislation in Progress]

Written by Alina Dobreva with Matthew Parry (1st edition),

World Coins

© johnsroad7 / Fotolia

In response to a sharp increase in the number of people trying to migrate to Europe illegally, and as part of the mid-term review of the European Investment Bank’s external lending mandate (ELM), the Commission has proposed an external investment plan to tackle the root causes of migration from countries neighbouring the European Union, consisting of a European Fund for Sustainable Development (EFSD) and quantitative and qualitative changes to the ELM. These changes entail two legislative proposals. A compromise package has been agreed in trilogue between Council and Parliament, with the vote in plenary scheduled for the February I plenary.

 

Versions

Proposal for a regulation of the European Parliament and of the Council amending Regulation (EC, Euratom) No 480/2009 establishing a Guarantee Fund for External Actions; Proposal for a decision of the European Parliament and of the Council amending Decision No 466/2014/EU granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union
Committee responsible: Budgets (BUDG) COM(2016) 582, COM(2016) 583 of 14.9.2016

procedure ref.: 2016/0274(COD), 2016/0275(COD)

Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)

Rapporteur: Eider Gardiazabal Rubial (S&D, Spain)
Shadow rapporteurs:

 

 

 

 

Siegfried Mureşan (EPP, Romania)

Gérard Deprez (ALDE, Belgium)

Xabier Benito Ziluaga (GUE/NGL, Spain) and Liadh Ní Riada (GUE/NGL, Ireland)

Heidi Hautala (Greens/EFA, Finland)

Marco Zanni (ENF, Italy)

Next steps expected: First reading in plenary

Stage: vote in plenary

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Download the EPRS App

EPRS App on Google Play
EPRS App on App Store
EU Legislation in Progress
Topical Digests
EPRS Podcasts

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 2,589 other followers

RSS Link to Members’ Research Service

Disclaimer and Copyright statement

The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.

For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.

Copyright © European Union, 2014-2018. All rights reserved.

%d bloggers like this: