Guarantee Fund for External Action and EIB external lending mandate

‘EU Legislation in Progress’ briefings aim to provide Members of the European Parliament with systematic and automatic analysis on all substantial proposals for EU legislation at every stage of the legislative procedure. Each contains an account of the purpose, content and legal aspects of the legislation proposed, in particular analysing what the legislation would change, as well as any previous legislation and the background. An overview of stakeholders’ views is also provided, as well as the opinions of national parliaments and the two advisory committees.

They are all made publicly available for stakeholders and the public.

The briefings are continuously updated as they pass through the policy making process and the source url hyperlink above should take you to the latest available version.

Titles in the series since 2016 offer expanded information under the following headings:

Background
+ Introduction
+ Context
+ Existing situation

Proposal
+ The changes the proposal would bring

Views
+ Advisory committees
+ National parliaments
+ Stakeholders’ views

Legislative process
+ European Parliament
+ Council

References
+ EP supporting analysis
+ Other sourcesIn 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), in September 2016, the European Commission proposed amendments to the regulation on the Guarantee Fund for External Actions (GFEA) and the decision granting an EU guarantee to the European Investment Bank (EIB) against losses under financing operations supporting investment projects outside the EU (external lending mandate, ELM).

The agreement on the proposals, reached after eight months of trilogue negotiations, was expected to receive a confirmation vote during the February 2018 (I) plenary session of the European Parliament.

The Council of the European Union's Committee of Permanent Representatives (Coreper) endorsed on 1 December 2017 the agreement.

Author: Alina Dobreva and Matthew Parry

• Primary Source

EP: EPRS: Briefing: EU Legislation in Progress http://epthinktank.eu/eu-legislation-in-progress/

EP: EPRS: plenary at a Glance, February 2018: Guarantee Fund for External Action and the EIB's external lending mandate http://www.europeansources.info/record/guarantee-fund-for-external-action-and-the-eibs-external-lending-mandate/

---