[ParlTrack]

Proposal for a regulation
Recital 1

(1) The European Union is a major provider of economic, financial and technical assistance to third countries. Union macro-financial assistance (hereinafter "macro-financial assistance") has proved an efficient instrument for economic stabilisation and a driver for structural reforms in the beneficiary countries. In accordance with its overall policy vis-à-vis candidate, potential candidate, and neighbourhood countries, the Union should be in a position to provide macro-financial assistance to those countries with the aim of developing a zone of shared stability, security, and prosperity, always with the consent of both parties.

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Recital 9

(9) The Commission should ensure that macro-financial assistance is in line with the key principles, objectives and measures taken within the different areas of external action and other relevant Union policies, whereby the Union should not seek to impose these but agree on them with the countries receiving assistance.

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Recital 10

(10) Macro-financial assistance should support the beneficiary countries' commitments to common values with the Union, ~~including~~such as democracy, the rule of law, good governance, respect for human rights, sustainable development and poverty reduction, as well as to the principles of ~~open,~~ rules-based and fair trade.

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Recital 13

(13) Macro-financial assistance should be complementary to the resources provided by the International Monetary Fund and other multilateral financial institutions and there should be a fair burden sharing with other donors. Macro-financial assistance should ensure the added value of the involvement of the Union.deleted

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Article 1 – paragraph 3

3. Macro-financial assistance may be granted on condition of the existence of a significant and residual external financing gap jointly identified with the multilateral financial institutions over and above the resources provided by the International Monetary Fund (IMF) and other multilateral institutions, despite the implementation of strong economic stabilisation and reform programmes.deleted

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Article 2 – point c

c) Other third countries in exceptional and duly justified circumstances. ~~Such countries must be politically, economically and geographically close to the European Union.~~

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Article 5 – paragraph 1

1. The amount of the assistance shall be based on the residual external financing needs of the beneficiary country. These shall be established by the Commission in cooperation with international financial institutions, based on a comprehensive and well documented quantitative assessment. In particular, the Commission will draw on the latest balance of payments projections for the country in question produced by the IMF and take into account the expected financial contributions from multilateral donors.deleted

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Article 6 – paragraph 2

~~2. Macro-financial assistance shall be conditional on the existence of an IMF programme entailing the use of IMF resources.~~deleted

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Article 6 – paragraph 3

3. The disbursement of the assistance shall be conditional on a satisfactory track record of an IMF programme. It shall also be conditional on the implementation, within a specific time frame, of a series of clearly defined economic policy measures focusing on structural reforms, to be agreed between the Commission and the beneficiary country and to be laid down in a Memorandum of Understanding.deleted

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Article 6 – paragraph 5

5. Progress on ~~mutual market opening,~~ the development of rules- based and fair trade and other priorities in the context of the Union's external policy should also be duly taken into account in designing the policy measures.

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Article 6 – paragraph 6

6. The policy measures shall be consistent with the existing partnership agreements, cooperation agreements or association agreements concluded between the Union and the beneficiary country ~~and with the macroeconomic adjustment and structural reform programmes implemented by the beneficiary country with the support of the IMF~~.

2012/03/29
Committee: AFET

Willy MEYER, Nikolaos CHOUNTIS

Proposal for a regulation
Annex 1 – part 1 – paragraph 5

~~Kosovo (under UNSC resolution 1244/99)~~deleted

2012/03/29
Committee: AFET

Activities of Willy MEYER related to 2011/0176(COD)

Plenary speeches (3)

Amendments (12)

ParlTrack - 2011-2024