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

This proposal forms part of the ambitious External Investment Plan (EIP) announced in the Commission Communication of 7 June 2016 on establishing a new Partnership Framework with third countries under the European Agenda on Migration. The EIP initiative was subsequently endorsed by the European Council on 28 June 2016 and aims to tackle root causes of migration, by contributing to the achievement of the sustainable development goals.

The present proposal will enable the European Investment Bank (EIB) to contribute to the EIP by expanding both quantitatively and qualitatively the EIB External Lending Mandate (ELM). This will enable the EIB to rapidly contribute to the EIP's objectives, in particular by providing additional financing to private-sector beneficiaries. Together with the additional components ("building blocks") listed below, the present proposal provides the key elements for the EIB's contribution to the EIP.
- Building block 1: Stepping up of activities that are possible under existing frameworks.
- Building block 2: Enhancing the range of products offered in the regions to support mainly the public sector.
- Building block 3: Enhancing the range of products offered in the regions to support mainly the private sector.

• Primary Source

EUR-Lex: COM(2016)583: Follow the progress of this proposal through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2016:583:FIN

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