Control of the financial activities of the EIB - annual report 2018

European Investment Bank
eib-Photo-EIB.jpg © European Union

Each year, the Budgetary Control Committee drafts an annual own-initiative report entitled ‘Control of the financial activities of the European Investment Bank’ focusing on results. The draft report deals with the annual track records of EIB funding activities and the main priorities of the EIB’s investment policy and sustainability of its business model.

In the 2018 Annual Report, the Rapporteur addresses the role of the EIB in financing the European Green Deal, the upcoming shift of the EIB to become the 'EU Climate Bank', the future focus on Just Transition and the EIB's activities carried out under its external lending mandate.

Mr Eickhout also reiterates the utmost importance of ethics, integrity, transparency and accountability of the EIB Group in all its operations. He particularly advocates for the optimisation of the EIB corporate governance, the need to develop transparency with reinforced mechanisms to fight fraud and corruption and calls for a stronger external scrutiny on EIB by the Court of Auditors.

The consideration of the draft report took place on 20 February 2020. The deadline for tabling amendments was 3 March 2020 when 114 amendments were tabled. The final report was voted in CONT on 28-29 May 2020 and adopted in Plenary on 10 July 2020.