Report from the Commission to the Council and to the European Parliament on the borrowing and lending activities of the Community in 2002.
The Council decisions establishing the various Community lending instrumentsrequire the Commission to inform the Council and Parliament each year of the use made ofthese instruments.As the appropriations allocated by the Council to the New Community Instrument (NCI)have been used up and the ECSC Treaty expired in 2002, the Commission understands that itis no longer necessary to inform the Council and Parliament of Community lending activitiesunder these instruments within the Community. This report contains only informationconcerning the repayment of loans (see the section on borrowings).2.As for lending activities outside the Community, the decisions adopted in 1997 and20001 require the Commission to inform the Council and Parliament on an annual basis ofthe situation regarding EIB loans guaranteed by the Community budget in Central andEastern Europe, in the Mediterranean countries, in Latin America and Asia and in SouthAfrica. These same obligations were extended in 1998 to the EIB’s loans to the formerYugoslav Republic of Macedonia (Decision 98/348/EC) and Bosnia and Herzegovina(Decision 98/729/EC), in 1999 to the loans to Turkey (Decision 99/786/EC), in 2000 to theloans to Croatia (Decision 2000/688/EC) and Turkey-SAP (Decision 2000/788/EC) and in2001 to the loans to the Baltic regions of Russia (Decision 2001/777/EC) and to the FederalRepublic of Yugoslavia (Decision 2001/778/EC).In order to meet this requirement, this report describes these operations for each of the areasconcerned. To complete the picture of lending activities, it also gives a brief summary of themacrofinancial assistance provided by the Community to the countries of Central and EasternEurope and of the interest subsidies and guarantees associated with Community loans.
Number of pages32p.
DescriptionCOM (2003) 803 final