Changes from plenary report to adopted text

Change 1

Changed3. Notes that the EIB Group achieved strong consolidated results amounting to EUR 2.2722,272 billion in 2023 under the International Financial Reporting Standards (IFRS), compared to EUR 2.3272,327 billion in 2022, reflecting a year-on-year decrease of 2.42,4 %; calls for a detailed analysis of the factors contributing to this decrease, especially since the period was marked by steady economic growth; observes that EIB reserves reached over EUR 56 billion in 2023, up from EUR 53.953,9 billion in 2022 and EUR 36 billion in 2014;

Change 2

Changed4. Notes that the EIB’s total liquidity ratio remained well within internal limits to the end of 2023 and that the EIB’s Common Equity Tier 1 (CET1) ratio stood at 33.133,1 % in 2023, significantly higher than the average ratio of significant institutions supervised by the European Central Bank (ECB) at that time; emphasises that maintaining the EIB’s AAA rating with a ‘stable’ outlook is crucial for securing favourable market financing at preferential rates and should be preserved; underlines that the EIB’s high credit standing is key to its successful business model;

Change 3

Removed6. Highlights that the EIB’s total disbursements reached EUR 54.4 billion in 2023, with EUR 53.4 billion from its own resources, compared to EUR 54.3 billion (EUR 53.3 billion from its own resources) in 2022; observes that the EIF’s disbursements on private equity investments amounted to EUR 139.7 million in 2023, compared to EUR 113.7 million in 2022; notes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the EIB Group’s overall investment within the EU in 2023 is expected to create around 1 460 000 new jobs in the EU-27 by 2027 and boost the EU’s GDP by 1.03 percentage points; calls on the EIB Group to ensure a more balanced geographical distribution of investments to maximise their impact across all EU regions, promoting cohesive and inclusive growth throughout the Union, with particular attention to under-represented and less developed areas;

Added6. Calls on the EIB to improve its institutional transparency by publishing more detailed minutes of its Board of Directors’ meetings, including voting records and project-specific justifications, while respecting legitimate confidentiality where strictly necessary;

Added7. Highlights that the EIB’s total disbursements reached EUR 54,4 billion in 2023, with EUR 53,4 billion from its own resources, compared to EUR 54,3 billion (EUR 53,3 billion from its own resources) in 2022; observes that the EIF’s disbursements on private equity investments amounted to EUR 139,7 million in 2023, compared to EUR 113,7 million in 2022; notes that, according to an economic model developed jointly by the EIB’s Economics Department and the Commission’s Joint Research Centre, the EIB Group’s overall investment within the EU in 2023 is expected to create around 1 460 000 new jobs in the EU-27 by 2027 and boost the EU’s GDP by 1.03 percentage points; calls on the EIB Group to ensure a more balanced geographical distribution of investments to maximise their impact across all EU regions, promoting cohesive and inclusive growth throughout the Union, with particular attention to under-represented and less developed areas;

Change 4

Changed8. Welcomes the fact9. thatNotes the EIB Group upholdsGroup’s acommitment rigorousto policyrigorously againstcombating tax fraud, tax evasion, tax avoidance, money laundering and terrorism financing; calls for further strengthening of the transparency of final beneficiaries, monitoring mechanisms, and access to public information to ensure full accountability;

Change 5

Added10. Stresses that the EIB, as an EU body, should fully align its transparency practices with the standards set in Regulation (EC) No 1049/2001 on public access to documents; calls on the Bank to ensure proactive disclosure of documents relating to projects financed and decisions taken, with only limited and justified exceptions; reiterates the importance of real public access as a cornerstone of institutional accountability;

Change 6

Changed10.12. Recalls that the EIB Group has been allocated 75 % (EUR 19.619,6 billion) of the EU budgetary guarantee under the InvestEU Regulation; highlights that, in 2023 alone, the EIB approved 30 operations under InvestEU totalling EUR 9.19,1 billion; believes that in order to stay competitive, significant investments are needed, primarily from the private sector; believes that focusing on innovative projects, start-ups and scale-ups would enhance European competitiveness and growth; notes that this requires mobilising private investments; calls, therefore, on the EIB to play a more significant role in strategic de-risking through guarantees, thereby encouraging private capital investment;

Change 7

Added13. Calls on the EIB Group to systematically disclose, where feasible and in compliance with data protection obligations, the final beneficiaries of its financing operations, particularly for projects supported under EU budgetary guarantees and mandates, to ensure public trust and oversight;

Change 8

Changed12.15. Emphasises that the EIB is managing six Recovery and Resilience Facility (RRF) mandates in four Member States, signed in 2021 (Greece and Italy), 2022 (Romania) and 2024 (Spain), totalling EUR 8.78,7 billion; acknowledges that the adoption of ‘financing not linked to costs’ instruments, which have significantly expanded with the RRF, inherently raises the risk of errors and double funding; expresses its concern about the transparency, auditing and monitoring of the implementation of the RRF; calls on the EIB to cooperate with Member States to address government capacity constraints and the lack of technical skills so as to ensure that RRF resources are managed as effectively as possible, in alignment with national structures and complying with all RRF reporting requirements, especially in the implementation of investment projects and reforms; urges the Commission and the EIB, in its advisory role, to refrain from proposing new financing mechanisms based on the RRF model without taking corrective measures, including in the upcoming post-2027 multiannual financial framework; stresses that, while the EIB seeks simplification, it must not compromise the soundness of EU resource management or the ability to maintain oversight and accountability, as mandated by the Treaties;