9 Amendments of Gay MITCHELL related to 2008/2050(INI)
Amendment 3 #
Motion for a resolution
Recital C
Recital C
C. whereas financing for development should be defined as the most cost- effective way to respond to the world's development needs and global insecurities,
Amendment 4 #
Motion for a resolution
Recital E
Recital E
E. whereas the EU is the biggest donor ofworld's biggest aid don the global scaleor, a major shareholder in the international financial institutions, and the most important trading partner for developing countries,
Amendment 7 #
Motion for a resolution
Recital I
Recital I
I. whereas significant new development challenges have emerged since 2002recently emerged, including climate change, structural changes in commodity markets and in particular those for food and oil, and important new trends in South- South cooperation, including support for infrastructure by China in Africa and lending by the Brazilian Development Bank BNDES in Latin America,
Amendment 9 #
Motion for a resolution
New Recital I a (new)
New Recital I a (new)
Ia. Whereas financial services in many developing countries are underdeveloped as a result of many factors including restrictions on supply of services, lack of legal certainty and property rights,
Amendment 11 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Calls on Member States to implementplace a clear division between development spending and spending on foreign policy interests and in this regard ODA should be in line with the criteria for ODA established by the Development Assistance Committee of the Organisation for Economic Co- operation and Development (OECD/DAC) and the OECD/DAC recommendations on untying ODA;
Amendment 22 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Views as totally unacceptable the discrepancy between the frequent pledges of increased financial assistance and the considerably lower sums that are actually disbursed and is concerned that some Member States are demonstrating aid fatigue;
Amendment 25 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. EmphasisesStrongly calls for the clear observance of the principles of responsible lending and financing, among traditional donors and emerging South- South donors, to make lending and financing operations sustainable in terms of economic and environmental development along and in line with the equator principles; calls on the Commission to participate in establishing such principles and press in international fora for binding measures to put them into practice in such a way that their coverage extends to new development actors from public and private sectors;
Amendment 52 #
Motion for a resolution
New paragraph
New paragraph
Calls for a redoubling of efforts to encourage the development of financial services, considering that the banking sector has the potential to unleash local financing for development and that furthermore a stable financial services sector is the best way to combat capital flight;
Amendment 53 #
Motion for a resolution
New paragraph
New paragraph
Calls on all stakeholders to appreciate fully the enormous potential of revenues from natural resources; in this regard sees it as essential that resource industries are transparent; considers that, while the Extractive Industries Transparency Initiative (EITI) and the Kimberley Process are moving in the right direction, much more needs to be done to encourage the transparent management of resource industries and their revenues;