12 Amendments of Marie-Arlette CARLOTTI related to 2008/2050(INI)
Amendment 2 #
Motion for a resolution
Recital A
Recital A
A. whereas for the second time in history the UN is organising a World Summit on Financing for Development, aimed at bringing together Heads of State and Government and not only development but also finance ministers, as well as representatives from the international financial organisations, private banking and business and civil society, to examine the progress that has been made since the first World Summit on Financing for Development held in 2002 in Monterrey,
Amendment 17 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the approach of some Member States to develop binding multi- annual timetables for increasing OPDA levels to meet the UN target of 0,7% by 2015; stresses that Member States should adopt these prior to the forthcoming International Conference on Financing for Development and fulfil their commitments;
Amendment 19 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Observes that the 2007 decreases in reported aid levels are due in some cases to the artificial inflationboosting of figures in 2006 by debt relief; calls on Member States to increase ODA levels in a sustainable manner by concentrating on figures with the debt relief component removed;
Amendment 28 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Fully endorses efforts by developing countries to maintain long-term debt sustainability and to implement the Heavily Indebted Poor Countries (HIPC) Initiative, which is of key importance to fulfil the MDGs; regrets, however, that the debt relief plans exclude a large number of countries for which debt remains an obstacle to fulfilling the MDGs;
Amendment 31 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Deplores that there is little reference, in the Commission's annual progress report 2008 on the Monterrey process1, to ongoing discussions on odious and illegitimate debt and the principles of responsible finance; welcomes the Commission's call for action against aggressive litigation by commercial creditors and distressed debt fundto limit the rights of commercial creditors and vulture funds to be repaid, in the event of judicial proceedings;
Amendment 32 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls on all Member States to adhere to the code of conduct on debt sustainability; 1 SEC(2008) 432/2 "The Monterrey process framework of debt sustainability and push for its development to take account of a country's internal debt and financial requirements; calls on all Member States to recognise that lender liability does not just involve compliance with the sustainability framework, but also entails: - taking into consideration the vulnerability of borrowing countries to external shocks, making provision Financ such cases for the possibility of suspending for Developeasing repayment; - the European Union's contribution to Doha and beyond". incorporating transparency requirements, for both parties, in borrowing agreements; - assuming greater due vigilance to ensure that the borrowing does not contribute to human rights violations or an increase in corruption;
Amendment 34 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Regrets that the Commission does not place more emphasis on the mobilisation of internal resources to finance development, as these are sources of greater autonomy for developing countries; encourages Member States to be fully involved in the extractive industries transparency initiative and to call for it to be strengthened; calls on the Commission to ask the International Accounting Standards Board (IASB) to include among these international accounting standards a country-by- country reporting requirement on the activities of multinational companies in all sectors;
Amendment 37 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Regrets that the Commission communication package on aid effectiveness1 does not mention capital flight as a risk factor for the economies of developing countries; points out that capital flight does serious damage to the development of sustainable economic systems in developing countries; calls on the Commission to include measures to 1 COM(2008)0177 "The EU - a global partner for development. Speeding up Progress towards the Millennium Development Goals", of 9.4.2008. and points out that each year tax evasion costs developing countries more than they receive in PDA; calls on the Commission to include measures to prevent capital flight in its policies, as required by the Monterrey Consensus;
Amendment 38 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. notes, in particular, that according to the World Bank the illegal component of this capital flight amounts to 1 000 to 1 600 billion dollars each year, half of which comes from developing countries; supports the international efforts made to freeze and recover stolen assets and asks those Member States that have not done so to ratify the United Nations Convention against corruption; deplores that similar efforts are not being made to combat tax evasion and asks the Commission and Member States to promote the global extension of the principle of the automatic exchange of tax information, to ask that the Code of Conduct on tax evasion currently being drawn up at ECOSOC be annexed to the Doha declaration and to support the transformation of the UN taxation committee into a genuine intergovernmental body equipped with additional resources to conduct the international fight against tax evasion alongside the OECD;
Amendment 42 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Calls for financial mechanisms and instruments which provide measures, such as a tax on currency transactions or short-term financial flows, to civilise and leverage private money as stated in the Monterrey Consensus and deploy credit guarantees;
Amendment 49 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Notes the first step taken in April 2008 towards the better representation of developing countries within the IMF; regrets that a wealth-based logic continues to govern the breakdown of voting rights at the IMF; calls on the Commission and Member States to demonstrate their interest in double- majority decision-making (shareholders/ States) within the institution responsible for international financial stability - the IMF; calls on Member States to undertake a rapid and ambitious reform of the World Bank so that those most directly concerned by its programmes are better represented;
Amendment 51 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Calls on Member States to undertake a rapid and ambitious reform of the World Bank so that those most directly concerned by its programmes are better represented;