Report from the Commission to the Council and to the European Parliament on the borrowing and lending activities of the Community in 2001.

Abstract

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.However, in view of the moratorium on the construction of nuclear power stations within theEU, the fact that the appropriations allocated by the Council to the New CommunityInstrument (NCI) have been used up and the cessation of ECSC loans as the expiry of theECSC Treaty in 2002 approaches, the Commission considers that there is no longer anyreason to inform the Council and Parliament of Community lending activities under theinstruments applicable 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 and2000require the Commission to inform the Council and Parliament each year of the use made ofthese instruments.However, in view of the moratorium on the construction of nuclear power stations within theEU, the fact that the appropriations allocated by the Council to the New CommunityInstrument (NCI) have been used up and the cessation of ECSC loans as the expiry of theECSC Treaty in 2002 approaches, the Commission considers that there is no longer anyreason to inform the Council and Parliament of Community lending activities under theinstruments applicable 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 of thesituation regarding EIB loans guaranteed by the Community budget in Central and EasternEurope, in the Mediterranean countries, in Latin America and Asia and in South Africa. Thesesame obligations were extended in 1998 to the EIB’s loans to the former Yugoslav Republicof Macedonia (Decision 98/348/EC) and Bosnia and Herzegovina (Decision 98/729/EC), in2000 to the loans to Croatia (Decision 2000/688/EC) and in 2001 to the loans to the Balticregions of Russia (Decision 2001/777/EC) and to the Federal Republic 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.