Annexes to COM(2020)97 - 2018 eib external activity with EU budgetary guarantee

Please note

This page contains a limited version of this dossier in the EU Monitor.

dossier COM(2020)97 - 2018 eib external activity with EU budgetary guarantee.
document COM(2020)97 EN
date March 12, 2020
agreement between the Commission and the EIB in October 2018. Their inclusion under the long-term economic resilience objective was confirmed by the Commission Decision C(2019) 2901 final of 17 April 2019. In the recently published evaluation of the External Lending Mandate (SWD(2019) 333), these ‘transitional operations’ were not included in the statistical calculation. This difference in calculation explains why the evaluation states on p.27 that only ‘10% of 2018 signatures under the ELM contributed to the objective of long-term economic resilience’, while Chart 2 of this annual report shows that the resilience objective will be supported by 19% of the amounts signed under the ELM in that year.

(15)

In many cases, only part of a project contributes to the climate change objective and only a proportion of that project’s lending total is therefore reported as contributing towards the objective.

(16) https://www.eib.org/en/projects/initiatives/resilience-initiative/index.htm  
(17) The EIB remunerates the EU for the budgetary guarantee under the ERI Private Mandate by passing on to the EU the risk-related revenues on these operations.
(18) As noted above, in addition, two operations signed in 2005-6 in the Southern Neighbourhood were transferred under the ELM 2014-20 in the course of 2018, with combined volume of EUR 150 million. These two operations are not included in Table 1 (overview of 2018 signatures) but they are counted in Table 2 (utilisation of ELM guarantee ceilings).
(19) The amounts are reported in the EUR equivalent as of 31 December 2018 for indicative purposes only. Some of the guarantee calls refer to amounts owed in other currencies.
(20) Proposal for a Regulation of the European Parliament and of the Council, COM(2018) 460 final of 14 June 2018, establishing the Neighbourhood, Development and International Cooperation Instrument.
(21) See also Commission Communication of 12 September 2018 “Towards a more efficient financial architecture for investment outside the European Union”, COM(2018) 644 final.
(22) http://www.eib.org/en/infocentre/publications/all/complaints-mechanism-policy.htm