SWD_2013_179_EN_DOCUMENTDETRAVAIL_f.doc - EN EN DG ECFIN 2012/ECFIN/002 May 2013 Disclaimer This report commits only the Commission's services involved

SWD_2013_179_EN_DOCUMENTDETRAVAIL_f.doc - EN EN DG ECFIN...

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DG ECFIN - 2012/ECFIN/002 May 2013 Disclaimer: This report commits only the Commission's services involved in its preparation and does not prejudge the final form of any decision to be taken by the Commission.
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Table of Contents 1. Section 1: Procedural issues and consultation of interested parties .............................. 9 1.1. Organisation and timing ................................................................................................ 9 1.2. Consultation and expertise (public and internal) ........................................................ 10 1.3. Main outcome of the consultation and lessons ........................................................... 11 1.4. Impact Assessment Board ........................................................................................... 15 2. Section 2: Problem definition ..................................................................................... 15 2.1. Framework and legal constraints: ............................................................................... 15 2.1.1. Requirements of Decision 1080/2011/EU for a proposal for next MFF ..................... 15 2.1.2. 2014-2020 MFF budgetary framework and ceilings .................................................. 16 2.1.3. The general environment in which the EIB operates .................................................. 18 2.2. The problems requiring action .................................................................................... 19 2.2.1. The risk of sub-optimal use of the EU guarantee ....................................................... 19 2.2.2. The impossibility for EIB to finance all type of microfinance operations with the EU guarantee ..................................................................................................................... 21 2.2.3. The insufficient level of funding for climate action and the difficulty for EIB to increase its lending in this area ................................................................................... 22 2.2.4. Unclear EIB positioning as a delivery tool of EU external financial support ............ 23 2.3. The underlying drivers of the problems ...................................................................... 24 2.4. The consequences of the status quo – the base line scenario ...................................... 25 2.5. Analysis of subsidiarity and justification for EU action ............................................. 26 3. Section 3: objectives: .................................................................................................. 26 3.1. General policy objectives of the new EU guarantee EIB external operations and other specific objectives ....................................................................................................... 26 3.2. Operational objectives of a new EU guarantee ........................................................... 27 4. Section 4: Policy options ............................................................................................ 28 4.1. Description of policy options ...................................................................................... 28 4.2. Discarded policy options at an early stage of the assessment ..................................... 36 4.3. Retained policy options ............................................................................................... 37 5. Section 5: Analysis of impacts of retained policy options .......................................... 38 5.1. Definition of the criteria for main impact analysis ..................................................... 38 5.2. Main impact analysis of each retained policy option .................................................. 40 5.2.1. Option 1 - baseline scenario (no change) .................................................................... 40 5.2.2. Option CLOSE ............................................................................................................ 43 5.2.3. Option MICRO ........................................................................................................... 49 5.2.4. Option FOCUS ............................................................................................................ 50
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6. Section 6: Comparing the retained options ................................................................. 50 6.1. Weighing of positive and negative impacts per option ............................................... 50 6.2. Preferred option .......................................................................................................... 50 7. Section 7: Monitoring and evaluation ......................................................................... 50 7.1. Core indicators of progress towards objectives .......................................................... 50 7.2. Monitoring .................................................................................................................. 50 8. Annex 1: Development of EU budget guarantee to EIB loans in third countries ....... 50 9. Annex 2: Stakeholders involved in the consultations on EIB external mandate ........ 50 9.1. The Steering Committee of Wise Persons .................................................................. 50 9.2. Stakeholders consulted by the external evaluator (COWI) ......................................... 50 9.3. The Group of Experts on EU Platform for External Cooperation and Development and the stakeholders consulted .................................................................................... 50 9.4. Stakeholders consulted by the Commission in 2012 during the preparation of the Impact Assessment ...................................................................................................... 50 10. Annex 3 – OECD list of ODA recipients .................................................................... 50 11. Annex 4 – Follow-up of recommendations of SCWP and external evaluator ............ 50 12. Annex 5: Background information on Myanmar ........................................................ 50 12.1. Political Situation and bilateral relations with the EU ................................................ 50 12.2. Democracy, Human Rights and Fundamental Freedoms situation ............................. 50 12.3. Macroeconomic situation and investment needs ........................................................ 50 12.4. Presence of other IFIs ................................................................................................. 50 13. Annex 6 – Guaranteed portfolio by country ............................................................... 50
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List of Acronyms ACP
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