Report from the Commission to the European Parliament and the Council on 2015 EIB external activity with EU budgetary guarantee

Decision 466/2014/EU of the European Parliament and of the Council of 16 April 2014 grants an EU guarantee to the European Investment Bank (EIB) against losses under EIB financing operations for projects outside the Union over the period 2014-2020. That Decision requires the Commission to report annually on EIB external activities with the EU budgetary guarantee, building on yearly reports provided by EIB.

Following the adoption of the Decision 466/2014/EU over 2014-2020, the present report covering the year 2015 has been prepared on the requirements of that legal basis. This report also provides a summary of the own risk operations carried out by the EIB in 2015 in the regions covered by the Decision. The EIB operations in Africa, Caribbean and Pacific (ACP) as well as in Overseas Countries and Territories (OCT) are covered in a separate annual report.

The Decision (the "Mandate") sets a maximum ceiling for the EU guarantee of €30 billion broken down into a fixed ceiling amounting to €27 billion and an optional additional amount of €3 billion. The activation of the optional amount as well as its regional distribution shall be decided by the European Parliament and the Council following the mid-term review of the Mandate.

In the new Decision (466/2014/EU), the three high level objectives for extending the EU guarantee remain unchanged: promoting growth in the local private sector, developing social and economic infrastructure, climate action and, as an underlying objective, fostering regional integration. The Mandate entered into force with the signing of the Guarantee agreement on 25 July 2014.

More detailed information and statistical tables on the above activities, including at project, sector, country and regional level, are provided in the attached Staff Working Document. Following the fourth year of implementation of the EIB Results Measurement (ReM) framework, this report provides information on expected results based on EIB financing operations signed in 2015.

• Primary Source

EUR-Lex: SWD(2016)296: Commission Staff Working Document accompanying the report http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2016:296:FIN

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