Report from the Commission to the European Parliament and the Council on the mid-term review of the application of the Decision No 466/2014/EU as regards the EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union

This report is submitted to the European Parliament and the Council in accordance with Article 19 of Decision 466/2014/EU adopted on 16 April 2014. Article 19 states that: "By 31 December 2016, the Commission, in cooperation with the EIB, shall submit to the European Parliament and the Council a mid-term report evaluating the application of this Decision in the first years accompanied, where appropriate, by a proposal for its amendment. The mid-term report shall draw upon an independent external evaluation and contribution from the EIB.

The report shall include in particular:
a)an assessment of the application of the allocation policy;
b)an assessment of EIB reporting and where appropriate recommendations on how to improve it;
c)an assessment of the REM, including performance indicators and criteria, and their contribution to the achievement of the objectives of this Decision;
d)a detailed account of the criteria considered for the recommendation concerning the potential activation in whole or in part of the optional additional amount.”

This report draws on an independent external evaluation carried out by an external consultant and a contribution from the EIB. It describes the Commission's assessment of the results of the external evaluation and summarises the findings forming the basis for a proposed amendment of the Decision.

• Primary Source

EUR-Lex: SWD(2016)294: Executive summary of the Mid-term evaluation of the European Union Guarantee for the EIB External Lending Mandate http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2016:294:FIN

EUR-Lex: SWD(2016)295: Mid-term evaluation of the European Union Guarantee for the EIB External Lending Mandate http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2016:295:FIN

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