39 Amendments of Ignazio CORRAO related to 2015/2044(INI)
Amendment 2 #
Motion for a resolution
Citation 5 a (new)
Citation 5 a (new)
- having regard to WWF position paper on Financing for Sustainable Development of January 2015,
Amendment 23 #
Motion for a resolution
Recital B
Recital B
B. whereas the Third International Conference on Financing for Development (FfD), to be held in Addis Ababa, Ethiopia from 13 to16 July 2015, must orient the financing system to support sustainable development create the conditions for financing and implementing the post-2015 agenda;
Amendment 57 #
Motion for a resolution
Recital I
Recital I
I. whereas private investment of major direct value for the pursuit of the SDGs when properly regulated has huge potential and can be encouraged in many ways, as reflected in UNCTAD’s proposal for an Action Plan for SDG investment;
Amendment 63 #
Motion for a resolution
Recital J
Recital J
J. whereas the nature and impacts of private capital flows affects developing countries in many different ways, positive as well as negative; whereas financial flows to developing countries from private sources are significant but largely volatile but unevenly distributed and are often associated with outflows such as profit repatriation;
Amendment 75 #
Motion for a resolution
Recital K a (new)
Recital K a (new)
Ka. whereas ODA loans could increase debt vulnerabilities of developing countries;
Amendment 84 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the UN Secretary-General’s Synthesis Report and its transformative, universal, holistic and integrated approach to an ambitious global partnership;
Amendment 92 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses the importance of this transformative global approach to be people-centred, with poverty eradication, gender equality and universality of human rights as a core principle;
Amendment 94 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Insists that the EU and its Member States should take further steps to advance the financing for development agenda including maintaining their position as major donors of development aid while pushing for shared responsibility; calls on high-income countries, upper middle- income countries and emerging economies to take on significant commitments;
Amendment 96 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Welcomes the recent Commission communication entitled ‘A Global Partnership for Poverty Eradication and Sustainable Development after 2015’, for its comprehensiveness, for its policy coherence focus and for confirming that the EU is committed to playing its full part in this global partnership; however, regrets a certain lack of commitment regarding the timeline for future financial targetstowards existing agreements on financing for development and regarding the timeline for future financial targets; and the lack of progress on the subject of additionality of climate finance to the commitment deliver 0.7 % of GNI as aid;
Amendment 101 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Recalls that commitments towards the 0.7% GNI ODA target must be fulfilled and binding timetables should be set to that effect;
Amendment 102 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Recognises however that most of the world's poor people are now in middle- income countries, and a new development paradigm must reflect this new reality and the implementation of development programmes should be target both poor people and poor countries;
Amendment 103 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Reminds that sustainable development financing will come from international and domestic sources, and include both public and private flows. These various financing streams should complement, and not substitute for each other;
Amendment 105 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses that the EU and other developed countries must honour their commitment to provide scaled-up, new and additional climate finance to developing countries reaching USD 100 billion per year by 2020; reminds that addressing the growing impacts of climate change is already adding an additional burden on developing countries, including on public expenditures; Considering the difficulties to reach international agreement on the additionality of climate finance to the commitment to deliver 0.7% of GNI as aid, the EU should propose intermediate steps to reach full additionality, such as that both climate and development flows to developing countries need to grow at the same time, at least the same rate;
Amendment 107 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Calls on the EU to ensure that the human rights based approach is adopted in all climate financing and that climate financing instruments have strong safeguards policies and grievance mechanisms;
Amendment 108 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Calls all parties to deliver on their commitments and set up a concrete and time framed process to phase out inefficient fossil fuel subsidies that encourage wasteful consumption while ensuring proper pro-poor measures to offset the short-term negative impact on most vulnerable social groups.
Amendment 109 #
Motion for a resolution
Paragraph 6 b (new)
Paragraph 6 b (new)
6b. Urges the establishment of a "Non- financeable investments" list which include all unsustainable, non-climate- proof and human rights violating projects as non-access to drinking water, land and clean air that should be excluded by development financing;
Amendment 116 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Calls to protect the development focus and nature of ODA including a transparent and accountable reporting system;
Amendment 119 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Reminds that new and additional public sources of financing are required for the protection and restoration of biodiversity and for tackling climate change. Mechanisms with innovative sources of financing need to be put in place such as financial transaction taxes;
Amendment 131 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls for the EU and its Member States to promote an aid effectiveness agenda by establishing a clear time line binding agenda to meet all their commitments and by reducing aid fragmentation through greater coordination between different aid mechanisms and donors; and ensuring that all development finance is pro-poor, gender-sensitive, environmentally sound and climate-proof;
Amendment 145 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses that domestic resource mobilisation must be a key source of financing for all developed and developing countries; emphasises the need for robust, far and progressive tax systems that are pro-poor and aligned with human rights and gender equality obligations;
Amendment 148 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Stresses that country-led strategies for sustainable development must integrate development, social and environmental objectives and provide the basis for national budgeting;
Amendment 149 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Stresses that environmentally harmful subsidies, which encourage unsustainable practices, in sectors such as energy, fisheries, and agriculture should be removed. The funds should instead be reallocated toward sustainable practices, while addressing distributive impacts;
Amendment 159 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Calls for the EU and its Member States to take concrete measures in order actively crack down on tax havens, tax evasion and illicit financial flows; supports the setting-up of an intergovernmental body for tax cooperation under the auspices of the UN;
Amendment 163 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Considers that illicit financial flows need to be tackled through strengthened national institutions, improved tax transparency, country by country reporting, public registries of company ownership, global systems of automatic tax information exchange and legal sanctions for non-compliance;
Amendment 174 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Stresses the decisive importance of good governance, the rule of law, institutional framework and regulatory instruments; especially supports investment in capacity-building, education, health, public services, social protection and the fight against poverty and inequality, fight against corruption, including in terms of gender; recognises the need for infrastructures and selective public investments, as well as the sustainable use of natural resources, including by the extractive industries; urges to fulfil the accomplishment of any unachieved millennium development goals;
Amendment 179 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Reminds that all development finance should be climate-sensitive, environmentally sound and respect human rights;
Amendment 180 #
Motion for a resolution
Paragraph 14 b (new)
Paragraph 14 b (new)
14b. Stresses that existing financing commitments and resource mobilisation targets for biodiversity and climate under the Convention on Biological Diversity (CBD) and the United Nations Framework Convention on Climate Change (UNFCCC) should be met in full;
Amendment 184 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls for greater financing of research and development in science, technology and innovation in developing countries, while recognizing that this financing should be both domestic and international; urges the promotion of research and development that can advance progress against complex challenges and towards global public goods, such as technology and innovation for health; recalls the consequences of inaction and absence of solutions in this field for the health and well-being of every human being with the recent epidemics of Ebola and other poverty related neglected diseases;
Amendment 191 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Stresses the need to promote capacity-building and exchange of best practices as a non-financing priority in this global partnership;
Amendment 204 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Reminds that greater transparency and accountability of private sector finance (including the development of third party certification systems) is needed to ensure adherence of foreign direct investment to international environmental and social best practices;
Amendment 215 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Insists that the EU’s support and cooperation with the private sector can and must contribute to reducing poverty and inequality, must respect and promote human rights, international environmental standards and climate change commitments and social dialogue;
Amendment 233 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Stresses that blended finance mechanisms and public-private partnerships should include strict sustainable development criteria, alignment with national development objectives, and local ownership and inclusion;
Amendment 239 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. CHighlights the positive contribution of the migrants to the development of their countries of origin and calls for more effective and innovative cooperation in migration policy between origin and destination countries; draws attention to the significant and growing financial flows represented by remittances; calls for further efforts to bring down transfer costs, as remittances are an important source of financing for development;
Amendment 246 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23a. Recalls that international trade agreements and trade liberalisation policies should not undermine poor people’s livelihoods and should instead support the sustainable development as a whole;
Amendment 254 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Calls to not undermine the policy space of those countries to take development-related decisions that are suitable for their own national context and respond to the demands of their populations;
Amendment 266 #
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Calls for women being recognised as development actors and enablers, therefore, insist on the need to adopt gender budgeting principles and methodologies, in order to address the different needs and interests of women and men so gender equality and women empowerment is boosted;
Amendment 267 #
Motion for a resolution
Paragraph 26 b (new)
Paragraph 26 b (new)
26b. Encourages the adequate representation of developing countries in global economic governance that is gender-balanced;
Amendment 289 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Reminds that more investments are needed in the design of indicators for measuring progress beyond GDP to include equally important measures of progress such as wellbeing and healthy ecosystems. Natural capital accounting and biodiversity data and indicators should be incorporated into national strategies and assessments of national economic performances;
Amendment 290 #
Motion for a resolution
Paragraph 27 b (new)
Paragraph 27 b (new)
27b. Recalls that the international community should agree on suitable monitoring frameworks that keep track of all financing flows, with transparent and separate reporting for development and climate finance commitments. All international financial institutions should abide by basic transparency standards – as set out in the Transparency Charter for International Financial Institutions – and enact public disclosure policies;